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Priveterra Acquisition II (Priveterra Acquisition II) Operating Income : $-4.70 Mil (TTM As of Sep. 2023)


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What is Priveterra Acquisition II Operating Income?

Priveterra Acquisition II's Operating Income for the three months ended in Sep. 2023 was $-1.31 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.70 Mil.

Warning Sign:

Priveterra Acquisition Corp II had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Priveterra Acquisition II's Operating Income for the three months ended in Sep. 2023 was $-1.31 Mil. Priveterra Acquisition II's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, Priveterra Acquisition II's Operating Margin % for the quarter that ended in Sep. 2023 was %.

Priveterra Acquisition II'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. Priveterra Acquisition II's annualized ROC % for the quarter that ended in Sep. 2023 was -19.81%. Priveterra Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

Priveterra Acquisition II Operating Income Historical Data

The historical data trend for Priveterra Acquisition II'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.

Priveterra Acquisition II Operating Income Chart

Priveterra Acquisition II Annual Data
Trend Dec20 Dec21 Dec22
Operating Income
- -1.78 -3.91

Priveterra Acquisition II Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.47 -1.84 -0.96 -0.60 -1.31

Priveterra Acquisition II 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 $-4.70 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.

Priveterra Acquisition II  (NAS:PMGMU) Operating Income Explanation

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

Priveterra Acquisition II'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 )
=-5.22 * ( 1 - -3.2% )/( (32.771 + 21.616)/ 2 )
=-5.38704/27.1935
=-19.81 %

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))
=31.405 - 1.691 - ( 0 - max(0, 3.124 - 0.067+0))
=32.771

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))
=21.046 - 2.675 - ( 0.037 - max(0, 3.3 - 0.055+0.037))
=21.616

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

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

Priveterra Acquisition II'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 )
=-6.964/( ( (0 + max(-1.624, 0)) + (0 + max(-2.657, 0)) )/ 2 )
=-6.964/( ( 0 + 0 )/ 2 )
=-6.964/0
= %

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 + 0.067) - (1.691 + 0 + 0)
=-1.624

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.018) - (2.675 + 0 + 0)
=-2.657

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 %:

Priveterra Acquisition II'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 )
=-1.305/0
= %

* 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.

Priveterra Acquisition II Operating Income Related Terms

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Priveterra Acquisition II (Priveterra Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Priveterra Acquisition Corp II (NAS:PMGMU) » Definitions » Operating Income
Comparable Companies
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Traded in Other Exchanges
PMGM:USA
Address
501 Madison Avenue, 5th Floor, New York, NY, USA, 10019
Website
https://www.tastemakeracq.com
Priveterra Acquisition Corp II is a blank check company.
Executives
Cameron Piron director C/O TASTEMAKER ACQUISITION CORP., 1 PARK PLAZA, IRVINE CA 92614
Bill Carpou director C/O TASTEMAKER ACQUISITION CORP., 1 PARK PLAZA, IRVINE CA 92614
Dimitri Azar director C/O TASTEMAKER ACQUISITION CORP., 1 PARK PLAZA, IRVINE CA 92614
Oleg Grodnensky director, 10 percent owner, officer: Chief Executive Officer 300 SE 2ND STREET, SUITE 600, FORT LAUDERDALE FL 33301
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
David Pace director, 10 percent owner, officer: Co-Chief Executive Officer
Richard L Federico director
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Starlette B Johnson director
Carl Andrew Pforzheimer director, 10 percent owner, officer: Co-Chief Executive Officer C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018
Christopher Bradley officer: CFO and Secretary 650 5TH AVENUE, FLOOR 10, NEW YORK NY 10019
Tastemaker Sponsor Llc 10 percent owner 650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Hal Rosser director 650 FIFTH AVENUE, 10TH FLOOR, NEW YORK NY 10019