Kingswood Acquisition (Kingswood Acquisition) Operating Income : $-3.48 Mil (TTM As of Sep. 2023)

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What is Kingswood Acquisition Operating Income?

Kingswood Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.72 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-3.48 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kingswood Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.72 Mil. Kingswood Acquisition's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, Kingswood Acquisition's Operating Margin % for the quarter that ended in Sep. 2023 was %.

Kingswood 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. Kingswood Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -39.66%. Kingswood Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

Kingswood Acquisition Operating Income Historical Data

The historical data trend for Kingswood 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.

Kingswood Acquisition Operating Income Chart

Kingswood Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Operating Income

-1.21

-4.78

Kingswood Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial								-0.74	-1.52	-0.59	-0.64	-0.72

Kingswood 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 $-3.48 Mil.

Kingswood Acquisition (OTCPK:KWAC) Operating Income Explanation

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

Kingswood 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 )
=	-2.888 * ( 1 - -1.42% )	/	( (7.226	+	7.544)	/ 2 )
=	-2.9290096	/	7.385
=	-39.66 %

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	))
=	5.964	-	4.934	-	( 0.01	-	max(0, 6.291	-	0.095	+	0.01	))
=	7.226

	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	))
=	6.201	-	5.635	-	( 0.002	-	max(0, 7.045	-	0.067	+	0.002	))
=	7.544

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

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

Kingswood 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 )
=	-2.888	/	( ( (0 + max(-4.848, 0))	+	(0 + max(-5.57, 0)) )	/	2 )
=	-2.888	/	( ( 0	+	0 )	/	2 )
=	-2.888	/	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	+	0.085)	-	(4.934	+	0	+	-0.00099999999999945)
=	-4.848

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.065)	-	(5.635	+	0	+	0)
=	-5.57

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 %:

Kingswood 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 )
	=	-0.722	/	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.

Kingswood Acquisition Operating Income Related Terms

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

Kingswood Acquisition (Kingswood Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Kingswood Acquisition Corp (OTCPK:KWAC) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

KWACU:USA

Address

17 Battery Place, Room 625, New York, NY, USA, 10004

Website

https://www.kingswoodacquisition.com

Kingswood Acquisition Corp is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeremy Wilder	director	21 ELMRIDGE, SCARSDALE NY 10583
Gary Wilder	director, 10 percent owner, other: Executive Chairman	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Caroline O'connell	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
David Hudd	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Jonathan Massing	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Michael Nessim	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Ralph Lawrence Roth	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Lisa Roth	director	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Kingswood Global Sponsor Llc	10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004
Howard Garland	director, 10 percent owner	17 BATTERY PLACE, ROOM 625, NEW YORK NY 10004