PHP Ventures Acquisition (PHP Ventures Acquisition) Operating Income : $-2.43 Mil (TTM As of Sep. 2023)

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What is PHP Ventures Acquisition Operating Income?

PHP Ventures Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.96 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-2.43 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PHP Ventures Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.96 Mil. PHP Ventures Acquisition's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, PHP Ventures Acquisition's Operating Margin % for the quarter that ended in Sep. 2023 was %.

PHP Ventures 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. PHP Ventures Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -39.85%. PHP Ventures Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -37.24%.

PHP Ventures Acquisition Operating Income Historical Data

The historical data trend for PHP Ventures 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.

PHP Ventures Acquisition Operating Income Chart

PHP Ventures Acquisition Annual Data

Trend

Dec21

Dec22

Operating Income

-2.57

PHP Ventures Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Operating Income	Get a 7-Day Free Trial					-0.62	-0.85	-0.51	-0.11	-0.96

PHP Ventures 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 $-2.43 Mil.

PHP Ventures Acquisition (NAS:PPHP) Operating Income Explanation

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

PHP Ventures 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 )
=	-3.856 * ( 1 - -7% )	/	( (15.354	+	5.355)	/ 2 )
=	-4.12592	/	10.3545
=	-39.85 %

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	))
=	19.101	-	3.747	-	( 0	-	max(0, 6.203	-	19.101	+	0	))
=	15.354

	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	))
=	9.729	-	4.303	-	( 0.071	-	max(0, 7.423	-	9.729	+	0.071	))
=	5.355

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

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

PHP Ventures 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 )
=	-3.856	/	( ( (0 + max(15.354, 0))	+	(0 + max(5.355, 0)) )	/	2 )
=	-3.856	/	( ( 15.354	+	5.355 )	/	2 )
=	-3.856	/	10.3545
=	-37.24 %

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	+	19.101)	-	(3.747	+	0	+	8.8817841970013E-16)
=	15.354

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	9.658)	-	(4.303	+	0	+	0)
=	5.355

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 %:

PHP Ventures 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 )
	=	-0.964	/	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.

PHP Ventures Acquisition Operating Income Related Terms

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PHP Ventures Acquisition (PHP Ventures Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PHP Ventures Acquisition Corp (NAS:PPHP) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS15/4G, CT 10-06, Level 10, Corporate Tower Subang Square, Subang Jaya, SGR, MYS, 47500

Website

https://www.phpventures.com

PHP Ventures Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Atlas Merchant Capital Llc	10 percent owner	477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Yakira Capital Management, Inc.	10 percent owner	1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Garry Richard Stein	officer: Chief Financial Officer	FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Antony Gordon	director	C/O FISCHER ZIZBLATT & KISS, 1800 AVE OF THE STARS #320, LOS ANGELES CA 90067
Global Link Investment Llc	10 percent owner	25, JALAN SS19/4E, SUBANG JAYA, SELANGOR N8 47500
Ngoh Marcus Choo Yeow	director, officer: Chief Executive Officer	CT10-06 LEVEL 10 CORPORATE TOWER SUBANG, JALAN SS 15/4G SUBANG JAYA, SELANGOR N8 47500
Anih Donald Nnamdi Esq.	director	16/18 OREMEJI STREET, LIVERPOOL ESTATE, SATELLITE TOWN, LAGOS Q5 102262
Phoon Khye Wang	director	29-2, JALAN RADIN ANUM 2, SRI PETALING, KUALA LUMPUR N8 57000