FVTAW (Fortress Value Acquisition III) Operating Income: $-1.33 Mil (TTM As of Sep. 2022)

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FVTAW Fortress Value Acquisition Corp III FVTAW
22 GF Score
Price $0.04
! 1 Warning Sign
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What is Fortress Value Acquisition III Operating Income?

Fortress Value Acquisition III FVTAW 22 Operating Income is $-1.33 Mil as of Sep. 2022. GuruFocus rates FVTAW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

Fortress Value Acquisition III's Operating Income for the three months ended in Sep. 2022 was $-0.33 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-1.33 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fortress Value Acquisition III's Operating Income for the three months ended in Sep. 2022 was $-0.33 Mil. Fortress Value Acquisition III's Revenue for the three months ended in Sep. 2022 was $0.00 Mil. Therefore, Fortress Value Acquisition III's Operating Margin % for the quarter that ended in Sep. 2022 was %.

Fortress Value 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. Fortress Value Acquisition III's annualized ROC % for the quarter that ended in Sep. 2022 was -0.55%. Fortress Value Acquisition III's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was %.

Fortress Value Acquisition III  (OTCPK:FVTAW) Operating Income Explanation

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

Fortress Value Acquisition III'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 )
=-1.308 * ( 1 - 3.1% )/( (231.352 + 232.232)/ 2 )
=-1.267452/231.792
=-0.55 %

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))
=230.636 - 2.672 - ( 0.133 - max(0, 3.767 - 0.379+0.133))
=231.352

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))
=231.43 - 2.742 - ( 0.203 - max(0, 3.897 - 0.353+0.203))
=232.232

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

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

Fortress Value Acquisition III'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 )
=-1.308/( ( (0 + max(-2.426, 0)) + (0 + max(-2.592, 0)) )/ 2 )
=-1.308/( ( 0 + 0 )/ 2 )
=-1.308/0
= %

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 + 0.246) - (2.672 + 0 + -4.4408920985006E-16)
=-2.426

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.15) - (2.742 + 0 + -4.4408920985006E-16)
=-2.592

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 %:

Fortress Value Acquisition III'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 )
=-0.327/0
= %

* 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.

Fortress Value Acquisition III Operating Income Related Terms

Fortress Value Acquisition III Operating Income Historical Data

* Premium members only.

The historical data trend for Fortress Value 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.

Fortress Value Acquisition III Operating Income Chart

Fortress Value Acquisition III Annual Data
Trend Dec20 Dec21
Operating Income
0.00 -5.39

Fortress Value Acquisition III Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Operating Income Get a 7-Day Free Trial Premium Member Only -0.36 -0.45 -0.30 -0.26 -0.33
FVTAW
22GF Score
Fortress Value Acquisition Corp III FVTAW
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortress Value 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.

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 $-1.33 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 $-1.33 Mil mean?
Fortress Value Acquisition III (FVTAW) has a Operating Income of $-1.33 Mil as of Sep. 2022. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fortress Value Acquisition III and its competitors.
Is Fortress Value Acquisition III's Operating Income too high?
Fortress Value Acquisition III's current Operating Income is $-1.33 Mil. Overall, Fortress Value Acquisition III has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Fortress Value Acquisition III's Operating Income compare to TMAC and SHAC?
Fortress Value Acquisition III's Operating Income of $-1.33 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 Fortress Value Acquisition III and its competitors. Fortress Value Acquisition III's current Operating Income is $-1.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortress Value Acquisition III stock overvalued right now?
Fortress Value Acquisition III (FVTAW) has a current Operating Income of $-1.33 Mil. The current Operating Income is $-1.33 Mil. Fortress Value Acquisition III's overall GF Score™ is 22/100 with 1 warning sign to review. 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 Fortress Value Acquisition III (FVTAW), the current Operating Income is $-1.33 Mil as of Sep. 2022. 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.

Fortress Value Acquisition III Business Description

Address 1345 Avenue of the Americas, 46th Floor, New York, NY, USA, 10105
Fortress Value Acquisition Corp III is a blank check company.
22GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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