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Local Bounti (Local Bounti) Operating Margin % : -302.52% (As of Dec. 2023)


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What is Local Bounti Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Local Bounti's Operating Income for the three months ended in Dec. 2023 was $-20.77 Mil. Local Bounti's Revenue for the three months ended in Dec. 2023 was $6.87 Mil. Therefore, Local Bounti's Operating Margin % for the quarter that ended in Dec. 2023 was -302.52%.

The historical rank and industry rank for Local Bounti's Operating Margin % or its related term are showing as below:

LOCL' s Operating Margin % Range Over the Past 10 Years
Min: -9618.29   Med: -3747.17   Max: -284.61
Current: -284.61


LOCL's Operating Margin % is ranked worse than
97.25% of 1856 companies
in the Consumer Packaged Goods industry
Industry Median: 4.855 vs LOCL: -284.61

Local Bounti's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Local Bounti's Operating Income for the three months ended in Dec. 2023 was $-20.77 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-69.45 Mil.

Warning Sign:

Local Bounti Corp has never been profitable in the past 3 years. It lost money every year.


Local Bounti Operating Margin % Historical Data

The historical data trend for Local Bounti's Operating Margin % 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.

Local Bounti Operating Margin % Chart

Local Bounti Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Margin %
-9,618.29 -7,008.93 -485.40 -284.61

Local Bounti Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -287.82 -269.78 -279.03 -302.52 -122.86

Competitive Comparison of Local Bounti's Operating Margin %

For the Farm Products subindustry, Local Bounti's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Local Bounti's Operating Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Local Bounti's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Local Bounti's Operating Margin % falls into.



Local Bounti Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Local Bounti's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-78.429 / 27.557
=-284.61 %

Local Bounti'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 )
=-20.771 / 6.866
=-302.52 %

* 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.


Local Bounti  (NYSE:LOCL) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Local Bounti Operating Margin % Related Terms

Thank you for viewing the detailed overview of Local Bounti's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Local Bounti (Local Bounti) Business Description

Traded in Other Exchanges
N/A
Address
400 W. Main Street, Hamilton, MT, USA, 59840
Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.
Executives
Kathleen Valiasek officer: Chief Financial Officer AMYRIS, INC., 5850 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608
B. David Vosburg officer: Chief Innovation Officer C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Travis M. Joyner director, officer: Co-Chief Executive Officer C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Anna M. Fabrega officer: Chief Executive Officer C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Edward C Forst director 85 BROAD STREET, NEW YORK NY 10004
Matthew Nordby director C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Craig M. Hurlbert director, officer: Co-Chief Executive Officer C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Mark Joseph Nelson director LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
Jennifer Carr-smith director 28 LIBERTY STREET, NEW YORK NY 10005
Brian C. Cook officer: President C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Margaret Mccandless officer: General Counsel & Secretary C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Charles R. Schwab 10 percent owner PO BOX 2226, PALM BEACH FL 33480
Mark Alan Mckinney officer: Chief Operating Officer C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Gary Hilberg officer: Chief Sustainability Officer C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Pamela Brewster director C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840