Victory Oilfield Tech (Victory Oilfield Tech) Operating Income : $-0.81 Mil (TTM As of Dec. 2023)

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What is Victory Oilfield Tech Operating Income?

Victory Oilfield Tech's Operating Income for the three months ended in Dec. 2023 was $-0.35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.81 Mil.

Warning Sign:

Victory Oilfield Tech 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. Victory Oilfield Tech's Operating Income for the three months ended in Dec. 2023 was $-0.35 Mil. Victory Oilfield Tech's Revenue for the three months ended in Dec. 2023 was $-1.20 Mil. Therefore, Victory Oilfield Tech's Operating Margin % for the quarter that ended in Dec. 2023 was 28.90%.

Victory Oilfield Tech'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. Victory Oilfield Tech's annualized ROC % for the quarter that ended in Dec. 2023 was -27.58%. Victory Oilfield Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,240.00%.

Victory Oilfield Tech Operating Income Historical Data

The historical data trend for Victory Oilfield Tech'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.

Victory Oilfield Tech Operating Income Chart

Victory Oilfield Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-0.78

-0.86

-0.73

-0.44

-0.80

Victory Oilfield Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															-0.09	-0.12	-0.07	-0.27	-0.35

Victory Oilfield Tech 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.81 Mil.

Victory Oilfield Tech (OTCPK:VYEY) Operating Income Explanation

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

Victory Oilfield Tech's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.392 * ( 1 - 0% )	/	( (4.632	+	5.463)	/ 2 )
=	-1.392	/	5.0475
=	-27.58 %

where

	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	))
=	0.85	-	0.293	-	( 0.033	-	max(0, 4.626	-	0.551	+	0.033	))
=	4.632

	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	))
=	1.638	-	0.392	-	( 0.066	-	max(0, 5.566	-	1.349	+	0.066	))
=	5.463

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

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

Victory Oilfield Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.784	/	( ( (0.07 + max(-0.158, 0))	+	(0 + max(-0.31, 0)) )	/	2 )
=	-0.784	/	( ( 0.07	+	0 )	/	2 )
=	-0.784	/	0.035
=	-2,240.00 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.223	+	0.017	+	0.023)	-	(0.293	+	0.128	+	0)
=	-0.158

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.3)	-	(0.392	+	0.128	+	0.089999999999999)
=	-0.31

When net working capital is negative, 0 is used.

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

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

Victory Oilfield Tech's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.348	/	-1.204
	=	28.90 %

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.

Victory Oilfield Tech Operating Income Related Terms

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

Victory Oilfield Tech (Victory Oilfield Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victory Oilfield Tech Inc (OTCPK:VYEY) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746

Website

https://www.vyey.com

Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.

Executives

Armacor Victory Ventures Llc	10 percent owner	26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630
Eric Eilersten	director	C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746
Kevin Deleon	director
Ricardo A Salas	director
Visionary Private Equity Group I, Lp	10 percent owner	1325 W SUNSHINE #162, SPRINGFIELD MO 65807
Michael Cosby	10 percent owner	901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806
Visionary Pe Gp I, Llc	10 percent owner	1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807
Smith Fred James Jr	officer: Chief Financial Officer	3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746
Mark Wendell Biggers	officer: CHIEF FINANCIAL OFFICER	3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746
Kenneth E Hill	director, officer: CHIEF OPERATIONS OFFICER	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660
Lindsey Stanley L Jr	officer: VP EXPLORATION & DEVELOPMENT	20341 IRVINE AVENUE, #D-6, IRVINE CA 92660
Ronald Zamber	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert W Grenley	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert Miranda	officer: Chief Executive Officer	2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663
Edgar Trotter	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660