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Superior Group Of's Operating Income for the three months ended in Mar. 2024 was $6.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $22.4 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Superior Group Of's Operating Income for the three months ended in Mar. 2024 was $6.4 Mil. Superior Group Of's Revenue for the three months ended in Mar. 2024 was $138.8 Mil. Therefore, Superior Group Of's Operating Margin % for the quarter that ended in Mar. 2024 was 4.59%.
Warning Sign:
Superior Group Of Companies Inc operating margin has been in a 5-year decline. The average rate of decline per year is -15.6%.
Superior Group Of's 5-Year average Growth Rate for Operating Margin % was -15.60% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Superior Group Of's annualized ROC % for the quarter that ended in Mar. 2024 was 6.55%. Superior Group Of's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.33%.
The historical data trend for Superior Group Of'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.
Superior Group Of Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 19.69 | 51.30 | 34.35 | 14.92 | 19.49 |
Superior Group Of 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 | 3.52 | 4.00 | 5.74 | 6.23 | 6.38 |
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 $22.4 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.
Superior Group Of (NAS:SGC) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Superior Group Of'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 ) |
= | 25.516 * ( 1 - 14.81% ) | / | ( (319.387 | + | 344.788) | / 2 ) |
= | 21.7370804 | / | 332.0875 | |||
= | 6.55 % |
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 | )) |
= | 422.45 | - | 83.167 | - | ( 19.896 | - | max(0, 100.589 | - | 279.36 | + | 19.896 | )) |
= | 319.387 |
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 | )) |
= | 408.481 | - | 41.653 | - | ( 22.04 | - | max(0, 88.165 | - | 267.529 | + | 22.04 | )) |
= | 344.788 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Superior Group Of'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 ) |
= | 25.516 | / | ( ( (64.799 + max(118.772, 0)) | + | (62.803 + max(109.85, 0)) ) | / | 2 ) |
= | 25.516 | / | ( ( 183.571 | + | 172.653 ) | / | 2 ) |
= | 25.516 | / | 178.112 | ||||
= | 14.33 % |
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) |
= | (103.494 | + | 98.067 | + | 8.881) | - | (83.167 | + | 5.346 | + | 3.157) |
= | 118.772 |
Working Capital | (Q: Mar. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (93.737 | + | 92.573 | + | 6.549) | - | (41.653 | + | 0 | + | 41.356) |
= | 109.85 |
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 %:
Superior Group Of'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 ) |
= | 6.379 | / | 138.842 | |
= | 4.59 % |
* 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.
Thank you for viewing the detailed overview of Superior Group Of's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Koempel | officer: CFO | 10055 SEMINOLE BLVD, SEMINOLE FL 33777 |
Michael Benstock | director, officer: Chief Executive Officer | C/O SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772 |
Todd E Siegel | director | 2003 GANDY BLVD. NORTH, SUITE 800, ST. PETERSBURG FL 33702 |
Catherine Beldotti Donlan | officer: President, SUG Healthcare | 10055 SEMINOLE BLVD, SEMINOLE FL 33777 |
Paul V Mellini | director | SUPERIOR UNIFORM GROUP, INC., 10055 SEMINOLE BLVD., SEMINOLE FL 33772 |
Sidney Kirschner | director | C/O SUPERIOR UNIFORM GROUP INC, PO BOX 4002, SEMINOLE FL 33775 |
Jake Himelstein | officer: President, BAMKO, LLC | 10055 SEMINOLE BLVD, SEMINOLE FL 33777 |
Robin Hensley | director | C/O SUPERIOR UNIFORM GROUP INC, PO BOX 4002, SEMINOLE FL 33775 |
Philip Koosed | other: President of BAMKO, LLC | 10055 SEMINOLE BLVD., SEMINOLE X1 33772 |
Venita Elaine Fields | director | 10055 SEMINOLE BLVD., SEMINOLE FL 33772 |
Jordan M. Alpert | officer: Secretary & General Counsel | SUPERIOR UNIFORM GROUP, INC., 10055 SEMINOLE BLVD., SEMINOLE FL 33772 |
Michael Attinella | officer: CFO & Treasurer | C/O SUPERIOR GROUP OF COMPANIES, INC., 10055 SEMINOLE BLVE, SEMINOLE FL 33772 |
Demott Andrew D Jr | officer: Senior V.P., CFO | C/O SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772 |
Gerald M Benstock | director, 10 percent owner, officer: Chairman of the Board | SUPERIOR UNIFORM GROUP INC, 10055 SEMINOLE BLVD, SEMINOLE FL 33772 |
Dominic Leide | V.P. Admin & Customer Support, other: President of The Office Gurus | SUPERIOR UNIFORM GROUP, INC., 10055 SEMINOLE BLVD., SEMINOLE FL 33772 |
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