A one-time or highly infrequent profit or loss. One-time gains or losses are reported separately in a coporation's income statement - net of income taxes - and are not shown to affect earnings per share (EPS). Also referred to as "extraordinary charges" for accounting purposes. Taobiz explains Nonrecurring Gain Or Loss Capital gains from the sale of land or casualty losses are items that are often seen as nonrecurring gains and losses. Write-offs or write-downs relating to normal business expenses (i.e. inventory) are not be considered nonrecurring losses unless they are due to one-time events, such as a natural disaster. Investors need to carefully examine a company’s financial statements to see what types of nonrecurring gains and/or losses a holding posts and how frequently they engage in these types of transactions. While by their very nature nonrecurring gains and losses are meant to occur very infrequently, the reality is that companies often report these types of expenses.
An investor’s directive to buy or sell securities when that directive is given to a broker, not to a trader working on the trading floor of an exchange. Exchange rules require off-floor orders, which are made on behalf of customers, to be executed before on-floor orders, which are made for exchange members’own accounts. In some cases, an off-floor order can be reclassified as an on-floor order where a conflict of interest might exist. Taobiz explains Off-Floor Order To be a floor trader, one must be associated with a member firm. Member firms pay hefty fees for the privilege of trading on the floor.
A stock transaction that fits one of the following two criteria: 1. A stock trade involving a security that does not trade on a major exchange, i.e., an over-the-counter (OTC) stock. 2. A stock trade involving a stock that is listed on a major exchange but is still executed over the counter, typically between two institutions or an institution and a customer. This type of off-board trade can be done only with 19c3 securities, or stocks that listed on the exchange after 1979. Taobiz explains Off Board Off-board trades of the latter type will usually involve two brokerage firms or other institutions and involve a large number of shares. The two parties will decide to do a trade off board to prevent order distortions within the underling stock, as well as keep relative anonymity in the broad markets. The term “off board” refers to the fact that the venerable New York Stock Exchange is commonly known as the Big Board.
The ticker symbol for the Nasdaq 100 Trust, an ETF that trades on the Nasdaq. This security offers broad exposure to the tech sector by tracking the Nasdaq 100 Index, which consists of the 100 largest and most actively traded non-financial stocks on the Nasdaq. It is also known as "cubes" or the "quadruple-Qs". This was formerly known as the QQQ. Taobiz explains QQQQ The QQQQ is a great way to invest in the long-term prospects of the technology industry. It offers diversification across various companies and business types with a range of market caps.
The Standard and Poor's revised version of the measurement of core earnings, which excludes any gains related to pension activities, net revenues from the sale of assets, impairment of goodwill charges, prior-year charge and provision reversals, and settlements related to litigation or insurance claims. Expenses related to employee stock option grants, pensions, restructuring of present operations or any merger and acquisition costs, R&D purchases, write-downs of depreciable or amortizable operating assets, and unrealized gains/losses from hedging activities are all included in the core earnings. Taobiz explains S&P Core Earnings This is a new standard created by S&P with the assistance from the financial and investment community. These core earnings provide for transparency and consistency, as well as a more stringent definition of a company's core earnings, clearly setting out exactly what can and cannot be considered earnings and expenses.
Income derived from sources related to a company's everyday business operations. For example, in the case of a retail business, inventory sales generate operating revenue, whereas the sale of a warehouse does not. Instead, the latter sale is considered to be an unexpected, or "one-time", event. Also referred to as "regular revenue". Taobiz explains Operating Revenue By examining a company’s operating, or "regular," revenue an investor can often gain meaningful insights into the health of a business, especially since fading companies often sell underperforming stores and/or assets, making the income statement look more attractive than it might otherwise be. Operating revenue is not the same as operating profit, which is the more commonly used metric in financial statement analysis.
A measure of oil and gas sales net of royalties, production and transportation expenses. This is a non-GAAP measure used specifically in the oil and gas industry as a benchmark to compare performance between time periods, operations and competitors. Taobiz explains Operating Netback The measure is generally calculated based on the oil or gas selling metric, such as per barrel in the case of oil. For example, suppose an oil company's Canadian operations sell oil at an average $50 per barrel if royalties, production and transport equal $5, $15 and $8 respectively. The operating netback for the Canadian operations equals $22 a barrel. The calculated operating netback can be compared to the specific operations' past performance or a rival company's performance in the same region.
A measure of the money a company generates from its core operations per dollar of sales. The operating cash flow can be found on the company's cash flow statement, and the revenue can be found on the income statement. A high operating cash flow margin can indicate that a company is efficient at converting sales to cash, and may also be an indication of high earnings quality. Taobiz explains Operating Cash Flow Margin Analyzing historical margins gives an investor an idea of a company's long-term trends. Some companies, for example, may require a large influx of outside capital if the cash flow margin begins to trend into negative territory. By focusing on bolstering the operating cash flow margin, the company can rely more on internally generated cash flow rather than debt-to-fund operations.
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