Rocky Mountain Industrials (Rocky Mountain Industrials) Operating Income : $-6.00 Mil (TTM As of Jun. 2023)

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What is Rocky Mountain Industrials Operating Income?

Rocky Mountain Industrials's Operating Income for the three months ended in Jun. 2023 was $-1.20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was $-6.00 Mil.

Warning Sign:

Rocky Mountain Industrials Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rocky Mountain Industrials's Operating Income for the three months ended in Jun. 2023 was $-1.20 Mil. Rocky Mountain Industrials's Revenue for the three months ended in Jun. 2023 was $0.14 Mil. Therefore, Rocky Mountain Industrials's Operating Margin % for the quarter that ended in Jun. 2023 was -891.11%.

Warning Sign:

Rocky Mountain Industrials Inc operating margin has been in a 5-year decline. The average rate of decline per year is -6%.

Rocky Mountain Industrials's 5-Year average Growth Rate for Operating Margin % was -6.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rocky Mountain Industrials's annualized ROC % for the quarter that ended in Jun. 2023 was -22.20%. Rocky Mountain Industrials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -22.66%.

Rocky Mountain Industrials Operating Income Historical Data

The historical data trend for Rocky Mountain Industrials'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.

Rocky Mountain Industrials Operating Income Chart

Rocky Mountain Industrials Annual Data

Trend

Sep14

Sep15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

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-8.71

-11.73

-12.15

-11.24

-7.28

Rocky Mountain Industrials Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Operating Income	Get a 7-Day Free Trial															-2.49	-1.71	-1.51	-1.58	-1.20

Rocky Mountain Industrials 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.00 Mil.

Rocky Mountain Industrials (OTCPK:RMRI) Operating Income Explanation

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

Rocky Mountain Industrials's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-4.812 * ( 1 - 0% )	/	( (18.039	+	25.322)	/ 2 )
=	-4.812	/	21.6805
=	-22.20 %

where

	Invested Capital		(Q: Mar. 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	))
=	25.503	-	11.344	-	( 3.529	-	max(0, 11.464	-	7.584	+	3.529	))
=	18.039

	Invested Capital		(Q: Jun. 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	))
=	34.45	-	14.393	-	( 6.815	-	max(0, 14.506	-	9.241	+	6.815	))
=	25.322

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data.

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

Rocky Mountain Industrials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-4.812	/	( ( (17.591 + max(-10.015, 0))	+	(24.883 + max(-13.4, 0)) )	/	2 )
=	-4.812	/	( ( 17.591	+	24.883 )	/	2 )
=	-4.812	/	21.237
=	-22.66 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.054	+	0.102	+	1.252)	-	(11.344	+	0	+	0.079000000000001)
=	-10.015

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.052	+	0.098	+	0.843)	-	(14.393	+	0	+	0)
=	-13.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Rocky Mountain Industrials's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	-1.203	/	0.135
	=	-891.11 %

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.

Rocky Mountain Industrials Operating Income Related Terms

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

Rocky Mountain Industrials (Rocky Mountain Industrials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rocky Mountain Industrials Inc (OTCPK:RMRI) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 South Syracuse Way, Suite 450, Greenwood Village, CO, USA, 80111

Website

https://www.rockymountainindustrials.com

Rocky Mountain Industrials Inc is an exploration stage company dedicated to operating industrial assets in the United States including minerals, materials, and services. The company's operating segment includes Aggregates and Rail Park. It generates maximum revenue from the Aggregates segment. The Aggregates segment produces chemical grade lime for use in the aggregates market. Its Rail Park segment consists of land under development to provide a rail terminal and services facility.

Executives

Michael Okada	officer: Chief Financial Officer	300 N. CONTINENTAL BLVD. #100, EL SEGUNDO CA 90245
Chad T. Brownstein	director, 10 percent owner, officer: Chief Executive Officer	555 SOUTH BARRINGTON AVENUE, #216, LOS ANGELES CA 90049
Rocky Mountain Resource Holdings Inc.	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Gregory M. Dangler	director, 10 percent owner, officer: President, CFO & Secretary	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Principio Management Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
77727111, Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Munitz Family Trust	10 percent owner	507 EUCLID STREET SANTA MONICA CA 90402
Andrew Peltz	director	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Legado Del Rey, Llc	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212
Edward Czuker	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212

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