RCLFU (Rosecliff Acquisition I) Operating Income : $-2.54 Mil (TTM As of Jun. 2023)

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What is Rosecliff Acquisition I Operating Income?

Rosecliff Acquisition I's Operating Income for the three months ended in Jun. 2023 was $-1.48 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was $-2.54 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rosecliff Acquisition I's Operating Income for the three months ended in Jun. 2023 was $-1.48 Mil. Rosecliff Acquisition I's Revenue for the three months ended in Jun. 2023 was $0.00 Mil. Therefore, Rosecliff Acquisition I's Operating Margin % for the quarter that ended in Jun. 2023 was %.

Rosecliff Acquisition I'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. Rosecliff Acquisition I's annualized ROC % for the quarter that ended in Jun. 2023 was -126.96%. Rosecliff Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was %.

Rosecliff Acquisition I Operating Income Historical Data

The historical data trend for Rosecliff Acquisition I'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.

Rosecliff Acquisition I Operating Income Chart

Rosecliff Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Operating Income

-3.42

-1.25

Rosecliff Acquisition I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Operating Income	Get a 7-Day Free Trial					-0.25	-0.24	-0.30	-0.53	-1.48

Rosecliff Acquisition I 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.54 Mil.

Rosecliff Acquisition I (NAS:RCLFU) Operating Income Explanation

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

Rosecliff Acquisition I's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-5.904 * ( 1 - -0.98% )	/	( (4.667	+	4.725)	/ 2 )
=	-5.9618592	/	4.696
=	-126.96 %

where

	Invested Capital		(Q: Mar. 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	))
=	5.413	-	3.965	-	( 0.542	-	max(0, 3.965	-	0.746	+	0.542	))
=	4.667

	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	))
=	5.304	-	5.284	-	( 0.409	-	max(0, 5.284	-	0.579	+	0.409	))
=	4.725

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

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

Rosecliff Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5.904	/	( ( (0 + max(-3.761, 0))	+	(0 + max(-5.114, 0)) )	/	2 )
=	-5.904	/	( ( 0	+	0 )	/	2 )
=	-5.904	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.204)	-	(3.965	+	0	+	0)
=	-3.761

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.17)	-	(5.284	+	0	+	0)
=	-5.114

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

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

Rosecliff Acquisition I's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	-1.476	/	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.

Rosecliff Acquisition I Operating Income Related Terms

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Rosecliff Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rosecliff Acquisition Corp I (NAS:RCLFU) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 5th Avenue, 34th Floor, New York, NY, USA, 10153

Website

https://www.rosecliffspac.com

Rosecliff Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
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
Brian J Radecki	director	C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Jordan Zimmerman	director, officer: President	2200 W. COMMERCIAL BLVD., 3RD FLOOR, FORT LAUDERDALE FL 33309
Kieran Goodwin	director, officer: Chief Financial Officer	925 PARK AVENUE 11B, NEW YORK NY 10028
Rosecliff Acquisition Sponsor I Llc	director, 10 percent owner, officer: Chief Executive Officer	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Edmonds Franklin S. Jr.	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Heather Bellini	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Michael Patrick Murphy	10 percent owner	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153