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Surge Components Inc   (SPRS)
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SPRS's Operating Income Growth by Quarter and Year

Surge Components Inc 's Operating Income results by quarter and year




SPRS Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter November - 1.09 0.93 0.79
III Quarter August 0.21 1.39 1.25 0.53
II Quarter May 0.68 1.31 0.62 0.13
I Quarter February 0.56 0.94 0.36 0.03
FY   1.45 4.73 3.16 1.48



SPRS Operating Income third quarter 2023 Y/Y Growth Comment
Surge Components Inc reported drop in Operating Income in the third quarter 2023 by -84.68% to $ 0.21 millions, from the same quarter in 2022.
The fall in the third quarter 2023 Surge Components Inc 's Operating Income compares unfavorably to the Company's average Operating Income growth of 5.88%.

According to the results reported in the third quarter 2023, Surge Components Inc achieved the best Operating Income growth in Electronic Parts & Equipment industry. While Surge Components Inc ' s Operating Income meltdown of -84.68% ranks overall at the positon no. 215 in the third quarter 2023.

Explain Operating Income growth


SPRS Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter November - 17.2 % 17.72 % 243.48 %
III Quarter August -84.68 % 11.2 % 135.85 % -11.67 %
II Quarter May -48.09 % 111.29 % 376.92 % -75 %
I Quarter February -40.43 % 161.11 % 1100 % -94.83 %
FY   - 49.68 % 113.51 % -23.32 %

Financial Statements
Surge Components Inc 's third quarter 2023 Operating Income $ 0.21 millions SPRS's Income Statement
Surge Components Inc 's third quarter 2022 Operating Income $ 1.39 millions Quarterly SPRS's Income Statement
New: More SPRS's historic Operating Income Growth >>


SPRS Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter November - -21.58 % -25.6 % 49.06 %
III Quarter August -68.68 % 6.11 % 101.61 % 307.69 %
II Quarter May 21.43 % 39.36 % 72.22 % 333.33 %
I Quarter February -48.62 % 1.08 % -54.43 % -86.96 %
FY (Year on Year)   - 49.68 % 113.51 % -23.32 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electronic Parts & Equipment Industry #0
Consumer Discretionary Sector #12
Overall #215

Operating Income Y/Y Growth Statistics
High Average Low
350.9 % 5.88 % -296.35 %
(Nov 30 2018)   (May 31 2017)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electronic Parts & Equipment Industry #0
Consumer Discretionary Sector #12
Overall #215
Operating Income Y/Y Growth Statistics
High Average Low
350.9 % 5.88 % -296.35 %
(Nov 30 2018)   (May 31 2017)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Surge Components Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
339.4 % 28.45 % -86.86 %
(May 31 2020)  


SPRS's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Surge Components Inc disclosed fall in Operating Income sequentially by -68.68% to $ 0.21 millions, from $ 0.68 millions achived in the previous quarter.

Even seasonal factors which commonly fuel III. Quarter 2023 results, it simply could not be enough to salvage Electronic Parts & Equipment's company III. Quarter 2023 performance, Carter Wright, a business observer said and continued that average sequential Operating Income growth is at 28.45% for the Electronic Parts & Equipment's company.

Within Electronic Parts & Equipment industry only one company achieved higher sequential Operating Income growth. While Surge Components Inc 's Operating Income growth quarter on quarter, overall rank is 379.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electronic Parts & Equipment Industry #2
Consumer Discretionary Sector #24
Overall #379
Operating Income Q/Q Growth Company Ranking
Within: No.
Electronic Parts & Equipment Industry #2
Consumer Discretionary Sector #24
Overall #379
Operating Income Q/Q Growth Statistics
High Average Low
339.4 % 28.45 % -86.86 %
(May 31 2020)  


SPRS's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Surge Components Inc realized fall in Operating Income sequentially by -68.68% to $ 0.21 millions, from $ 0.68 millions achived in the previous quarter.

Even seasonal circumstance which commonly fuel III. Quarter 2023 performance, were not able to salvage the III. Quarter for the Surge Components Inc , Carter Wright, a business observer pointed out, he mentioned certan skepticism towards SPRS's perspective, he identified additional headwinds onward for SPRS and continued that average sequential Operating Income growth is at 28.45% for SPRS.

Within Electronic Parts & Equipment industry only one company achieved higher sequential Operating Income growth. While Surge Components Inc 's Operating Income growth quarter on quarter, overall rank is 379.


Surge Components Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Aug 31 2023)
12 Months Ending
(May 31 2023)
12 Months Ending
(Feb 28 2023)
12 Months Ending
(Nov 30 2022)
12 Months Ending
(Aug 31 2022)
Cumulative Operating Income 12 Months Ending $ 2.54 $ 3.71 $ 4.34 $ 4.72 $ 4.56
Y / Y Operating Income Growth (TTM) -44.42 % -16.14 % 16.18 % 49.76 % 51.23 %
Year on Year Operating Income Growth Overall Ranking # 67 # 267 # 135 # 157 # 23
Seqeuential Operating Income Change (TTM) -31.7 % -14.51 % -8.05 % 3.52 % 3.06 %
Seq. Operating Income Growth (TTM) Overall Ranking # 215 # 798 # 497 # 939 # 43




Cumulative Operating Income growth Comment
Surge Components Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -44.42% year on year, at Aug 31 2023 compare to the -16.14% decrease at May 31 2023. If the Surge Components Inc 's fiscal year would end at Aug 31 2023, annual Operating Income would be $3 millions.

Among companies within the Consumer Discretionary sector 3 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 67, from total ranking in previous quarter at 267.

Operating Income TTM Q/Q Growth Statistics
High Average Low
350.9 %
5.88 %
-296.35 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electronic Parts & Equipment Industry # 0
Consumer Discretionary Sector # 4
Overall # 67

Operating Income TTM Y/Y Growth Statistics
High Average Low
350.9 %
5.88 %
-296.35 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 12
S&P 500 # 215
Cumulative Operating Income growth Comment
Surge Components Inc 's cumulative 12 months Operating Income continue to drop, but on the faster rate at -44.42% year on year, at Aug 31 2023 compare to the -16.14% decrease at May 31 2023. If the Surge Components Inc 's fiscal year would end at Aug 31 2023, annual Operating Income would be $3 millions.

Among companies within the Consumer Discretionary sector 3 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 67, from total ranking in previous quarter at 267.

Operating Income TTM Q/Q Growth Statistics
High Average Low
350.9 %
5.88 %
-296.35 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electronic Parts & Equipment Industry # 0
Consumer Discretionary Sector # 4
Overall # 67

Operating Income TTM Y/Y Growth Statistics
High Average Low
350.9 %
5.88 %
-296.35 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 12
S&P 500 # 215




Other Operating Income Growth
Electronic Parts & Equipment Industry Operating Income Growth Trends and Statistics
Consumer Discretionary Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
SPRS's Operating Income Growth Ratio versus Electronic Parts & Equipment Industry, Consumer Discretionary Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for SPRS's Competitors
Operating Income Growth for Surge Components Inc 's Suppliers
Operating Income Growth for SPRS's Customers

You may also want to know
SPRS's Annual Growth Rates SPRS's Profitability Ratios SPRS's Asset Turnover Ratio SPRS's Dividend Growth
SPRS's Roe SPRS's Valuation Ratios SPRS's Financial Strength Ratios SPRS's Dividend Payout Ratio
SPRS's Roa SPRS's Inventory Turnover Ratio SPRS's Growth Rates SPRS's Dividend Comparisons



Companies with similar Operating Income drop for the quarter ending Aug 31 2023 within Consumer Discretionary SectorY/Y Change %Operating Income for the quarter ending Aug 31 2023
Nike Inc -5.37%$ -5.369 millions
Eaco Corp-7.51%$ -7.512 millions
Acuity Brands Inc -26.67%$ -26.671 millions
Chase Corporation-29.44%$ -29.444 millions
Surge Components Inc -84.67%$ -84.673 millions




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