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View (VIEWQ) Operating Income : $-224.7 Mil (TTM As of Sep. 2023)


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What is View Operating Income?

View's Operating Income for the three months ended in Sep. 2023 was $-38.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-224.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. View's Operating Income for the three months ended in Sep. 2023 was $-38.8 Mil. View's Revenue for the three months ended in Sep. 2023 was $38.2 Mil. Therefore, View's Operating Margin % for the quarter that ended in Sep. 2023 was -101.49%.

View'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. View's annualized ROC % for the quarter that ended in Sep. 2023 was -56.45%. View's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -425.66%.


View Operating Income Historical Data

The historical data trend for View'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.

View Operating Income Chart

View Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Operating Income
-328.16 -230.49 -345.40 -331.84

View Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -82.09 -78.66 -60.21 -47.00 -38.79

View 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 $-224.7 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.


View  (OTCPK:VIEWQ) Operating Income Explanation

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

View'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 )
=-155.156 * ( 1 - -0.03% )/( (357.434 + 192.489)/ 2 )
=-155.2025468/274.9615
=-56.45 %

where

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

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

View'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 )
=-834.34/( ( (274.377 + max(12.93, 0)) + (100.419 + max(4.294, 0)) )/ 2 )
=-834.34/( ( 287.307 + 104.713 )/ 2 )
=-834.34/196.01
=-425.66 %

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)
=(36.54 + 17.832 + 37.892) - (48.524 + 6.474 + 24.336)
=12.93

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.571 + 16.699 + 28.56) - (48.331 + 11.284 + 23.921)
=4.294

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 %:

View'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 )
=-38.789/38.22
=-101.49 %

* 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.


View Operating Income Related Terms

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View (VIEWQ) Business Description

Traded in Other Exchanges
N/A
Address
195 South Milpitas Boulevard, Milpitas, CA, USA, 95035
View Inc is a technology company and the market leader in smart windows. View Smart Windows use artificial intelligence to automatically adjust in response to the sun and increase access to natural light, to improve people's health and experience in buildings, while simultaneously reducing energy consumption to mitigate the effects of climate change. Every View installation also includes a smart building platform that consists of power, network, and communication infrastructure.
Executives
Madrone Capital Partners, Llc 10 percent owner 1149 CHESTNUT STREET, SUITE 200, MENLO PARK CA 94025
Guardians Of New Zealand Superannuation 10 percent owner PO BOX 106 607, NEW ZEALAND, AUCKLAND Q2 1143
Rao Mulpuri director, officer: CHIEF EXECUTIVE OFFICER 195 S. MILPITAS BLVD., MILPITAS CA 95035
Scott H Rechler director 225 BROADHOLLOW RD, C/O RECKSON ASSOCIATES, MELVILLE NY 11747
Amy Reeves officer: CHIEF ACCOUNTING OFFICER 195 S. MILPITAS BLVD., MILPITAS CA 95035
Julie Larson-green director C/O HEALTH CATALYST, INC., 3165 MILLROCK DR., #400, SALT LAKE CITY UT 84121
Lisa Picard director 195 S. MILPITAS BLVD., MILPITAS CA 95035
Svf Endurance (cayman) Ltd 10 percent owner C/O WALKERS CORPORATE LIMITED, 27 HOSPITAL ROAD, GEORGE TOWN E9 KY1-9008
William T. Krause officer: See Remarks 195 S. MILPITAS BLVD., MILPITAS CA 95035
Svf Excaliber (cayman) Ltd 10 percent owner 27 HOSPITAL ROAD, WALKERS CORPORATE LTD., CAYMAN CORPORATE CENTRE, GEORGE TOWN, GRAND CAYMAN E9 KY-9008
Nigel Gormly director 195 S. MILPITAS BLVD., MILPITAS CA 95035
Toby Cosgrove director 195 S. MILPITAS BLVD., MILPITAS CA 95035
Martin Neumann officer: See Remarks 195 S. MILPITAS BLVD., MILPITAS CA 95035
Rahul Bammi officer: CHIEF BUSINESS OFFICER 195 S. MILPITAS BLVD., MILPITAS CA 95035
Nitesh Trikha officer: See Remarks 195 S. MILPITAS BLVD., MILPITAS CA 95035

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