CFACW (CF Finance Acquisition III) Operating Income: $-1.19 Mil (TTM As of Jun. 2021)


What is CF Finance Acquisition III Operating Income?

CF Finance Acquisition III CFACW Operating Income is $-1.19 Mil as of Jun. 2021.

CF Finance Acquisition III's Operating Income for the six months ended in Jun. 2021 was $-0.35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 was $-1.19 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CF Finance Acquisition III's Operating Income for the six months ended in Jun. 2021 was $-0.35 Mil. CF Finance Acquisition III's Revenue for the six months ended in Jun. 2021 was $0.00 Mil. Therefore, CF Finance Acquisition III's Operating Margin % for the quarter that ended in Jun. 2021 was %.

CF Finance Acquisition III'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. CF Finance Acquisition III's annualized ROC % for the quarter that ended in Jun. 2021 was -0.15%. CF Finance Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was -266.92%.

CF Finance Acquisition III  (NAS:CFACW) Operating Income Explanation

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

CF Finance Acquisition III's annualized ROC % for the quarter that ended in Jun. 2021 is calculated as:

ROC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2021 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=-0.351 * ( 1 - 0% )/( (230.989 + 235.913)/ 2 )
=-0.351/233.451
=-0.15 %

where

Invested Capital(Q: Mar. 2021 )
=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))
=230.768 - 0.394 - ( 0.031 - max(0, 1.127 - 0.512+0.031))
=230.989

Invested Capital(Q: Jun. 2021 )
=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))
=233.047 - 0.29 - ( 0.129 - max(0, 3.751 - 0.595+0.129))
=235.913

Note: The Operating Income data used here is one times the annual (Jun. 2021) data.

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

CF Finance Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.351/( ( (0 + max(0.087, 0)) + (0 + max(0.176, 0)) )/ 2 )
=-0.351/( ( 0.087 + 0.176 )/ 2 )
=-0.351/0.1315
=-266.92 %

where Working Capital is:

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.481) - (0.394 + 0 + 0)
=0.087

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.466) - (0.29 + 0 + 0)
=0.176

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

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

CF Finance Acquisition III's Operating Margin % for the quarter that ended in Jun. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2021 )/Revenue (Q: Jun. 2021 )
=-0.351/0
= %

* 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.

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.

CF Finance Acquisition III Operating Income Related Terms

CF Finance Acquisition III Operating Income Historical Data

* Premium members only.

The historical data trend for CF Finance Acquisition III'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.

CF Finance Acquisition III Operating Income Chart

CF Finance Acquisition III Annual Data
Trend Dec18 Dec19 Dec20
Operating Income
0.00 -0.00 -0.15

CF Finance Acquisition III Semi-Annual Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Operating Income Get a 7-Day Free Trial Premium Member Only 0.00 0.00 -0.15 -0.68 -0.35

CF Finance Acquisition III 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Jun. 2021 was $-1.19 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-1.19 Mil mean?
CF Finance Acquisition III (CFACW) has a Operating Income of $-1.19 Mil as of Jun. 2021. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CF Finance Acquisition III and its competitors.
Is CF Finance Acquisition III's Operating Income too high?
CF Finance Acquisition III's current Operating Income is $-1.19 Mil.
How does CF Finance Acquisition III's Operating Income compare to ?
CF Finance Acquisition III's Operating Income of $-1.19 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Diversified Financial Services company?
A good Operating Income depends on the Diversified Financial Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CF Finance Acquisition III and its competitors. CF Finance Acquisition III's current Operating Income is $-1.19 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CF Finance Acquisition III stock overvalued right now?
CF Finance Acquisition III (CFACW) has a current Operating Income of $-1.19 Mil. The current Operating Income is $-1.19 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For CF Finance Acquisition III (CFACW), the current Operating Income is $-1.19 Mil as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CF Finance Acquisition III Business Description

Comparable Companies
Address 110 East 59th Street, New York, NY, USA, 10022
CF Finance Acquisition Corp III is a blank check company.