Critical Infrastructure Technologies (XCNQ:CTTT) Operating Income : C$-11.96 Mil (TTM As of Dec. 2023)

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What is Critical Infrastructure Technologies Operating Income?

Critical Infrastructure Technologies's Operating Income for the three months ended in Dec. 2023 was C$-0.09 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was C$-11.96 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Critical Infrastructure Technologies's Operating Income for the three months ended in Dec. 2023 was C$-0.09 Mil. Critical Infrastructure Technologies's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Therefore, Critical Infrastructure Technologies's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Critical Infrastructure Technologies'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. Critical Infrastructure Technologies's annualized ROC % for the quarter that ended in Dec. 2023 was -9.38%. Critical Infrastructure Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

Critical Infrastructure Technologies Operating Income Historical Data

The historical data trend for Critical Infrastructure Technologies'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.

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Critical Infrastructure Technologies Operating Income Chart

Critical Infrastructure Technologies Annual Data

Trend

Jun21

Jun22

Jun23

Operating Income

-0.13

-11.94

Critical Infrastructure Technologies Quarterly Data
	Jun22	Mar23	Jun23	Sep23	Dec23
Operating Income	-	-0.50	-11.24	-0.13	-0.09

Critical Infrastructure Technologies 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 C$-11.96 Mil.

Critical Infrastructure Technologies (XCNQ:CTTT) Operating Income Explanation

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

Critical Infrastructure Technologies'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 )
=	-0.356 * ( 1 - 0% )	/	( (3.268	+	4.322)	/ 2 )
=	-0.356	/	3.795
=	-9.38 %

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	))
=	3.448	-	0.905	-	( 0.179	-	max(0, 1.246	-	0.521	+	0.179	))
=	3.268

	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	))
=	4.031	-	1.139	-	( 0.022	-	max(0, 1.864	-	0.434	+	0.022	))
=	4.322

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

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

Critical Infrastructure Technologies'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 )
=	-0.356	/	( ( (0 + max(-1.137, 0))	+	(0 + max(-1.481, 0)) )	/	2 )
=	-0.356	/	( ( 0	+	0 )	/	2 )
=	-0.356	/	0
=	%

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	+	0	+	0)	-	(0.905	+	0.232	+	0)
=	-1.137

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(1.139	+	0.343	+	-0.00099999999999989)
=	-1.481

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 %:

Critical Infrastructure Technologies'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 )
	=	-0.089	/	0
	=	%

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.

Critical Infrastructure Technologies Operating Income Related Terms

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Critical Infrastructure Technologies (XCNQ:CTTT) Business Description

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Address

1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1

Website

https://www.citech.com.au

Critical Infrastructure Technologies Ltd designs and develops rapidly deployable infrastructure and power systems to support life and mission-critical applications. The company's product set is a range of rapidly deployable, high-capacity communications platforms called the NEXUS 16 and CiNet. The NEXUS 16 is a fully integrated, high-capacity communications platform that can be quickly and safely transported to remote and hostile locations and be fully operational and transmitted in under 60 minutes. CiNet was built to support the Nexus products and provide seamless integration into the operator's own Network Management Systems.

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