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Mandiant (Mandiant) Operating Income : $-342.1 Mil (TTM As of Jun. 2022)


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What is Mandiant Operating Income?

Mandiant's Operating Income for the three months ended in Jun. 2022 was $-87.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 was $-342.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mandiant's Operating Income for the three months ended in Jun. 2022 was $-87.6 Mil. Mandiant's Revenue for the three months ended in Jun. 2022 was $137.9 Mil. Therefore, Mandiant's Operating Margin % for the quarter that ended in Jun. 2022 was -63.49%.

Warning Sign:

Mandiant Inc operating margin has been in a 5-year decline. The average rate of decline per year is -13.7%.

Mandiant's 5-Year average Growth Rate for Operating Margin % was -13.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mandiant's annualized ROC % for the quarter that ended in Jun. 2022 was -19.16%. Mandiant's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -420.02%.


Mandiant Operating Income Historical Data

The historical data trend for Mandiant's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mandiant Operating Income Chart

Mandiant Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -240.10 -182.40 -328.51 -278.56 -321.61

Mandiant Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -82.58 -86.61 -79.55 -88.34 -87.57

Mandiant Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-342.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Mandiant  (NAS:MNDT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mandiant's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-350.26 * ( 1 - -0.64% )/( (2067.359 + 1613.097)/ 2 )
=-352.501664/1840.228
=-19.16 %

where

Invested Capital(Q: Mar. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3548.397 - 128.334 - ( 2131.072 - max(0, 958.579 - 2311.283+2131.072))
=2067.359

Invested Capital(Q: Jun. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3039.252 - 110.243 - ( 1637.038 - max(0, 493.641 - 1809.553+1637.038))
=1613.097

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Mandiant's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-345.42/( ( (81.252 + max(-303.723, 0)) + (83.227 + max(-306.393, 0)) )/ 2 )
=-345.42/( ( 81.252 + 83.227 )/ 2 )
=-345.42/82.2395
=-420.02 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(104.066 + 0 + 76.145) - (128.334 + 302.857 + 52.743)
=-303.723

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(113.535 + 0 + 58.98) - (110.243 + 318.969 + 49.696)
=-306.393

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Mandiant's Operating Margin % for the quarter that ended in Jun. 2022 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2022 )/Revenue (Q: Jun. 2022 )
=-87.565/137.92
=-63.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Mandiant Operating Income Related Terms

Thank you for viewing the detailed overview of Mandiant's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Mandiant (Mandiant) Business Description

Traded in Other Exchanges
N/A
Address
11951 Freedom Drive, 6th Floor, Reston, VA, USA, 20190
Mandiant (formally FireEye,) is a pure-play cybersecurity firm that focuses on incident response, threat intelligence, automated response, and managed security. Mandiant's security experts can be used on demand or customers can outsource their security to Mandiant. The California-based company sells security solutions worldwide, and sold its FireEye products division in October 2021.
Executives
William T Robbins officer: EVP, WW Sales NUANCE COMMUNICATIONS INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803
Frank Verdecanna officer: Interim CFO C/O FIREEYE, INC. 1440 MCCARTHY BLVD. MILPITAS CA 95035
Codd Ronald E F director C/O INTERWOVEN INC, 803 11TH AVE, SUNNYVALE CA 94089
James Medina officer: SVP, Finance, CC & CAO 1875 LAWRENCE STREET SUITE 1100 DENVER CO 80202
John P. Watters officer: President & COO 601 MCCARTHY BLVD. MILPITAS CA 95035
Coviello Arthur W Jr director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Kevin R. Mandia officer: SVP & Chief Operating Officer 1440 MCCARTHY BLVD MILPITAS CA 95035
Alexa King officer: SVP and General Counsel C/O FIREEYE, INC. 1440 MCCARTHY BOULEVARD MILPITAS CA 95035
Viral Patel director C/O THE BLACKSTONE GROUP INC. 345 PARK AVENUE NEW YORK NY 10154
Sara C Andrews director C/O LOGMEIN, INC., 320 SUMMER STREET, BOSTON MA 02210
Peter Bailey officer: EVP & COO ONE MEMORIAL DRIVE BOSTON MA 02142
Travis M. Reese officer: President C/O FIREEYE, INC. 1440 MCCARTHY BLVD. MILPITAS CA 95035
Adrian Mcdermott director C/O ZENDESK, INC., 989 MARKET STREET, SUITE 300, SAN FRANCISCO CA 94103
Robert E Switz director 13625 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344
David G Dewalt director, officer: Chief Executive Officer