Sculptor Capital Management (Sculptor Capital Management) Operating Income : $-31.3 Mil (TTM As of Sep. 2023)

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What is Sculptor Capital Management Operating Income?

Sculptor Capital Management's Operating Income for the three months ended in Sep. 2023 was $-18.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-31.3 Mil.

Warning Sign:

Sculptor Capital Management Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sculptor Capital Management's Operating Income for the three months ended in Sep. 2023 was $-18.7 Mil. Sculptor Capital Management's Revenue for the three months ended in Sep. 2023 was $85.7 Mil. Therefore, Sculptor Capital Management's Operating Margin % for the quarter that ended in Sep. 2023 was -21.88%.

Sculptor Capital Management's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sculptor Capital Management's annualized ROC % for the quarter that ended in Sep. 2023 was -6.63%. Sculptor Capital Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -145.99%.

Sculptor Capital Management Operating Income Historical Data

The historical data trend for Sculptor Capital Management'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.

Sculptor Capital Management Operating Income Chart

Sculptor Capital Management Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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46.63

47.49

374.92

101.81

-23.72

Sculptor Capital Management Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial															-17.62	-9.44	10.27	-13.41	-18.74

Sculptor Capital Management 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.3 Mil.

Sculptor Capital Management (OTCPK:SCMT) Operating Income Explanation

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

Sculptor Capital Management's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-74.972 * ( 1 - 0.72% )	/	( (1101.792	+	1143.897)	/ 2 )
=	-74.4322016	/	1122.8445
=	-6.63 %

where

	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	))
=	1309.982	-	64.497	-	( 160.147	-	max(0, 111.363	-	255.056	+	160.147	))
=	1101.792

	Invested Capital		(Q: Sep. 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	))
=	1346.058	-	95.48	-	( 159.859	-	max(0, 135.99	-	242.671	+	159.859	))
=	1143.897

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

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

Sculptor Capital Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-128.12	/	( ( (89.027 + max(-49.501, 0))	+	(86.492 + max(-79.884, 0)) )	/	2 )
=	-128.12	/	( ( 89.027	+	86.492 )	/	2 )
=	-128.12	/	87.7595
=	-145.99 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(29.973	+	0	+	31.889)	-	(64.497	+	46.866	+	0)
=	-49.501

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.569	+	0	+	29.537)	-	(95.48	+	40.51	+	0)
=	-79.884

When net working capital is negative, 0 is used.

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

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

Sculptor Capital Management's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-18.743	/	85.655
	=	-21.88 %

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.

Sculptor Capital Management Operating Income Related Terms

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

Sculptor Capital Management (Sculptor Capital Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sculptor Capital Management Inc (OTCPK:SCMT) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, New York, NY, USA, 10019

Website

https://www.sculptor.com

Sculptor Capital Management Inc is an alternative asset management firm. The company provides asset management services to its customers. It manages multi-strategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds and other alternative investment vehicles.

Executives

Rithm Capital Corp.	10 percent owner	799 BROADWAY, New York NY 10003
Wayne Cohen	officer: Executive Managing Director	OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC, 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Charmel Maynard	director	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Dubai Holding Llc	10 percent owner	EMIRATES TOWERS, OFFICES, LEVEL 49, PO BOX 73311, DUBAI C0 00000
Meghna R. Desai	director	C/O SCULPTOR CAPITAL, 9 W 57TH STREET, NEW YORK NY 10019
David Bonanno	director	390 PARK AVENUE, NEW YORK NY 10022
David Michael Levine	officer: Chief Legal Officer	OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC, 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Dava Ritchea	officer: Chief Financial Officer	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Bharath Srikrishnan	director	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Georganne Proctor	director	1 BELVEDERE PLACE, SUITE 300, MILL VALLEY CA 94941
Herbert Alvin Pollard	officer: Chief Accounting Officer	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
James Morgan Rutman	director	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Thomas Michael Sipp	officer: Chief Financial Officer	9 WEST 57TH STREET, NEW YORK NY 10019
Erez Elisha	officer: Chief Accounting Officer	OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC, 9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019