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PWP (Perella Weinberg Partners) Operating Income : $-143.9 Mil (TTM As of Sep. 2024)


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What is Perella Weinberg Partners Operating Income?

Perella Weinberg Partners's Operating Income for the three months ended in Sep. 2024 was $35.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-143.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Perella Weinberg Partners's Operating Income for the three months ended in Sep. 2024 was $35.9 Mil. Perella Weinberg Partners's Revenue for the three months ended in Sep. 2024 was $278.2 Mil. Therefore, Perella Weinberg Partners's Operating Margin % for the quarter that ended in Sep. 2024 was 12.90%.

Perella Weinberg Partners'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. Perella Weinberg Partners's annualized ROC % for the quarter that ended in Sep. 2024 was 29.31%. Perella Weinberg Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 59.27%.


Perella Weinberg Partners Operating Income Historical Data

The historical data trend for Perella Weinberg Partners'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.

Perella Weinberg Partners Operating Income Chart

Perella Weinberg Partners Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
-155.12 -14.60 66.58 -47.73 -115.10

Perella Weinberg Partners Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -26.69 -43.97 -53.56 -82.23 35.89

Perella Weinberg Partners 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-143.9 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.


Perella Weinberg Partners  (NAS:PWP) Operating Income Explanation

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

Perella Weinberg Partners's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=143.576 * ( 1 - 20.65% )/( (386.211 + 391.116)/ 2 )
=113.927556/388.6635
=29.31 %

where

Invested Capital(Q: Sep. 2024 )
=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))
=810.917 - 84.653 - ( 335.148 - max(0, 84.653 - 427.53+335.148))
=391.116

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Perella Weinberg Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=143.576/( ( (230.289 + max(17.731, 0)) + (232.332 + max(4.0959999999999, 0)) )/ 2 )
=143.576/( ( 248.02 + 236.428 )/ 2 )
=143.576/242.224
=59.27 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(90.519 + 0 + 1.231) - (74.019 + 0 + 0)
=17.731

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(87.453 + 0 + 1.2959999999999) - (84.653 + 0 + 0)
=4.0959999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Perella Weinberg Partners's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=35.894/278.242
=12.90 %

* 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.


Perella Weinberg Partners Operating Income Related Terms

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Perella Weinberg Partners Business Description

Traded in Other Exchanges
N/A
Address
767 Fifth Avenue, New York, NY, USA, 10153
Perella Weinberg Partners is an independent advisory firm that provides strategic and financial advice to a wide range of clients. The Company's activities as an investment banking advisory firm constitute a single business segment that provides a range of advisory services, including advice related to strategic and financial decisions, mergers and acquisitions execution, shareholder and defense advisory, financing and capital solutions advice with resources focused on restructuring and liability management, capital markets advisory, private capital placement, as well as specialized underwriting and research services for the energy and related industries.
Executives
Peter A Weinberg director, officer: See Remarks C/O GLG PARTNERS LP, 1 CURZON STREET, LONDON X0 W1J5HB
Andrew Bednar director, officer: Co-President 767 FIFTH AVENUE, NEW YORK NY 10153
Dietrich Becker director, officer: Co-President 767 FIFTH AVENUE, NEW YORK NY 10153
Vladimir Shendelman officer: General Counsel 767 FIFTH AVENUE, NEW YORK NY 10153
Daniel G Cohen director 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Kristin W Mugford director BAIN CAPITAL PARTNERS LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Elizabeth C Fascitelli director C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fintech Masala, Llc 10 percent owner 3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Pwp Professional Partners Lp director 767 FIFTH AVENUE, NEW YORK NY 10153
Alexandra Gottschalk officer: See Remarks 767 FIFTH AVENUE, NEW YORK NY 10153
Fintech Masala Advisors Iv, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Laura Kohn director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jan Rock Zubrow director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Fintech Investor Holdings Iv, Llc 10 percent owner 3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Cohen Sponsor Interests Iv, Llc 10 percent owner 3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019