BGSX.U (Build Acquisition) Operating Income : $-1.47 Mil (TTM As of Sep. 2022)

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What is Build Acquisition Operating Income?

Build Acquisition's Operating Income for the three months ended in Sep. 2022 was $-0.25 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.47 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Build Acquisition's Operating Income for the three months ended in Sep. 2022 was $-0.25 Mil. Build Acquisition's Revenue for the three months ended in Sep. 2022 was $0.00 Mil. Therefore, Build Acquisition's Operating Margin % for the quarter that ended in Sep. 2022 was %.

Build 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. Build Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 was -0.43%. Build Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

Build Acquisition Operating Income Historical Data

The historical data trend for Build 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.

Build Acquisition Operating Income Chart

Build Acquisition Annual Data

Trend

Dec21

Operating Income

-1.21

Build Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Operating Income	Get a 7-Day Free Trial			-0.30	-0.61	-0.35	-0.26	-0.25

Build 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.47 Mil.

Build Acquisition (NYSE:BGSX.U) Operating Income Explanation

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

Build Acquisition's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-0.996 * ( 1 - 14.08% )	/	( (200.602	+	201.256)	/ 2 )
=	-0.8557632	/	200.929
=	-0.43 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	201.065	-	0.523	-	( 0.498	-	max(0, 0.82	-	0.76	+	0.498	))
=	200.602

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	201.699	-	0.676	-	( 0.295	-	max(0, 0.724	-	0.491	+	0.295	))
=	201.256

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Build Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.996	/	( ( (0 + max(-0.261, 0))	+	(0 + max(-0.479, 0)) )	/	2 )
=	-0.996	/	( ( 0	+	0 )	/	2 )
=	-0.996	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.262)	-	(0.523	+	0	+	-1.1102230246252E-16)
=	-0.261

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.196)	-	(0.676	+	0	+	-0.0010000000000001)
=	-0.479

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Build Acquisition's Operating Margin % for the quarter that ended in Sep. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	-0.249	/	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.

Build Acquisition Operating Income Related Terms

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Build Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Build Acquisition Corp (NYSE:BGSX.U) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

3500 Jefferson, Suite 303, Austin, TX, USA, 78731

Website

https://www.buildspac.com

Build Acquisition Corp is a blank check company.

Executives

A Lanham Napier	director, 10 percent owner, officer: Co-Chief Executive Officer	701 W. CASTANO, SAN ANTONIO TX 78209
Natta Owen Van	director	394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
James C. Weaver	director	C/O KB HOME, 10990 WILSHIRE BLVD., 7TH FLOOR, LOS ANGELES CA 90024
Zeynep Young	director, officer: Co-Chief Executive Officer	825 MAIN ST., SUITE 100, BUDA TX 78610
Tanner Cerand	officer: See Remarks	3500 JEFFERSON STREET, STE 303, AUSTIN TX 78731
Build Acquisition Sponsor Llc	10 percent owner	3500 JEFFERSON STREET, STE 303, AUSTIN TX 78731
Noam Ohana	director	16A AHAVAT TZION, TEL-AVIV L3 6215315

Build Acquisition Headlines

From GuruFocus

Build Acquisition Corp. Announces Redemption of Public Shares and Subsequent Dissolution

By Business Wire Business Wire • 03-02-2023