ADEX.U (Adit Edtech Acquisition) Operating Income : $-3.73 Mil (TTM As of Sep. 2023)

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What is Adit Edtech Acquisition Operating Income?

Adit Edtech Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.51 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.73 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Adit Edtech Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.51 Mil. Adit Edtech Acquisition's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, Adit Edtech Acquisition's Operating Margin % for the quarter that ended in Sep. 2023 was %.

Adit Edtech Acquisition'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. Adit Edtech Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -9.48%. Adit Edtech Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

Adit Edtech Acquisition Operating Income Historical Data

The historical data trend for Adit Edtech Acquisition'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.

Adit Edtech Acquisition Operating Income Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Operating Income

-3.70

-2.94

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial							-0.36	-1.43	-0.93	-0.85	-0.51

Adit Edtech Acquisition 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.73 Mil.

Adit Edtech Acquisition (AMEX:ADEX.U) Operating Income Explanation

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

Adit Edtech Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-2.052 * ( 1 - -18.27% )	/	( (27.728	+	23.463)	/ 2 )
=	-2.4269004	/	25.5955
=	-9.48 %

where

	Invested Capital		(Q: Jun. 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	))
=	26.442	-	6.407	-	( 0.063	-	max(0, 7.807	-	0.114	+	0.063	))
=	27.728

	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	))
=	21.88	-	6.653	-	( 0.226	-	max(0, 8.594	-	0.358	+	0.226	))
=	23.463

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

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

Adit Edtech Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.78	/	( ( (0 + max(-6.357, 0))	+	(0 + max(-6.52, 0)) )	/	2 )
=	-0.78	/	( ( 0	+	0 )	/	2 )
=	-0.78	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.051)	-	(6.407	+	0	+	0.0010000000000003)
=	-6.357

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.132)	-	(6.653	+	0	+	-0.00099999999999945)
=	-6.52

When net working capital is negative, 0 is used.

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

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

Adit Edtech Acquisition's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-0.513	/	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.

Adit Edtech Acquisition Operating Income Related Terms

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

Adit Edtech Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX.U) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462