One Liberty Properties (One Liberty Properties) Operating Income : $32.95 Mil (TTM As of Mar. 2024)

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What is One Liberty Properties Operating Income?

One Liberty Properties's Operating Income for the three months ended in Mar. 2024 was $8.22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $32.95 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. One Liberty Properties's Operating Income for the three months ended in Mar. 2024 was $8.22 Mil. One Liberty Properties's Revenue for the three months ended in Mar. 2024 was $22.70 Mil. Therefore, One Liberty Properties's Operating Margin % for the quarter that ended in Mar. 2024 was 36.21%.

Warning Sign:

One Liberty Properties Inc operating margin has been in a 5-year decline. The average rate of decline per year is -1.3%.

One Liberty Properties's 5-Year average Growth Rate for Operating Margin % was -1.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. One Liberty Properties's annualized ROC % for the quarter that ended in Mar. 2024 was 4.65%. One Liberty Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

One Liberty Properties Operating Income Historical Data

The historical data trend for One Liberty Properties'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.

One Liberty Properties Operating Income Chart

One Liberty Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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35.85

31.32

31.51

37.38

33.31

One Liberty Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															8.58	8.09	8.24	8.41	8.22

One Liberty Properties 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $32.95 Mil.

One Liberty Properties (NYSE:OLP) Operating Income Explanation

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

One Liberty Properties's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	32.876 * ( 1 - 0% )	/	( (709.758	+	704.895)	/ 2 )
=	32.876	/	707.3265
=	4.65 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	761.606	-	25.418	-	( 26.43	-	max(0, 25.418	-	62.924	+	26.43	))
=	709.758

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	755.669	-	23.401	-	( 27.373	-	max(0, 23.401	-	62.637	+	27.373	))
=	704.895

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

One Liberty Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	40.388	/	( ( (0 + max(-5.585, 0))	+	(0 + max(-5.009, 0)) )	/	2 )
=	40.388	/	( ( 0	+	0 )	/	2 )
=	40.388	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	19.833)	-	(25.418	+	0	+	0)
=	-5.585

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	18.392)	-	(23.401	+	0	+	0)
=	-5.009

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

One Liberty Properties's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	8.219	/	22.696
	=	36.21 %

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.

One Liberty Properties Operating Income Related Terms

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

One Liberty Properties (One Liberty Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » One Liberty Properties Inc (NYSE:OLP) » Definitions » Operating Income

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Traded in Other Exchanges

O1A:Germany

Address

60 Cutter Mill Road, Suite 303, Great Neck, NY, USA, 11021

Website

https://www.1liberty.com

One Liberty Properties Inc is a self-administered and self-managed real estate investment trust. It acquires, owns, and manages a geographically diversified portfolio of industrial, retail, restaurant, health and fitness, and theater properties. The group generates the majority of its revenue in the form of rental income.

Executives

Justin Clair	officer: Assistant Vice President	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Lawrence Ricketts	officer: VICE PRESIDENT
Charles Biederman	director	60CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Mili Mathew	officer: Vice President - Financial	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Jeffrey Gould	director, officer: SENIOR VICE PRESIDENT
Edward Gellert	director	399 PARK AVENUE, NEW YORK NY 10022
Eugene I Zuriff	director	C/O SMITH WOLLENSKY RESTAURANT GROUP INC, 1114 FIRST AVENUE, NEW YORK NY 10021
Matthew J Gould	director, officer: SENIOR VICE PRESIDENT
Mizuho Securities Usa Llc	other: See Remarks	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Karen A. Till	director	3939 HICKORY STREET, SEAFORD NY 11783
Jesse Robert Lovejoy	director	RIPPLEWOOD HOLDINGS LLC, ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Benjamin Bolanos	officer: Vice President	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021
Leor Siri	director	560 CHURCH AVENUE, WOODMERE NY 11598
Gould Investors L P	10 percent owner	60 CUTTER MILL RD, STE 303, GREAT NECK NY 11021-3190
Fredric H Gould	director, officer: Chariman of Board	60 CUTTER MILL ROAD, SUITE 303, GREAT NECK NY 11021