Spartan Energy Acquisition (Spartan Energy Acquisition) Operating Income : $-4.48 Mil (TTM As of Sep. 2020)

View and export this data going back to 2018. Start your Free Trial

What is Spartan Energy Acquisition Operating Income?

Spartan Energy Acquisition's Operating Income for the three months ended in Sep. 2020 was $-3.32 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2020 was $-4.48 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Spartan Energy Acquisition's Operating Income for the three months ended in Sep. 2020 was $-3.32 Mil. Spartan Energy Acquisition's Revenue for the three months ended in Sep. 2020 was $0.00 Mil. Therefore, Spartan Energy Acquisition's Operating Margin % for the quarter that ended in Sep. 2020 was %.

Spartan Energy 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. Spartan Energy Acquisition's annualized ROC % for the quarter that ended in Sep. 2020 was -2.34%. Spartan Energy Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was %.

Spartan Energy Acquisition Operating Income Historical Data

The historical data trend for Spartan Energy 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.

Spartan Energy Acquisition Operating Income Chart

Spartan Energy Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Operating Income

-0.85

-1.25

Spartan Energy Acquisition Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Operating Income	Get a 7-Day Free Trial							-0.46	-0.14	-0.02	-1.00	-3.32

Spartan Energy 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.48 Mil.

Spartan Energy Acquisition (NYSE:SPAQ.U) Operating Income Explanation

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

Spartan Energy Acquisition's annualized ROC % for the quarter that ended in Sep. 2020 is calculated as:

	ROC % (Q: Sep. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Sep. 2020 ))	/ count )
=	-13.28 * ( 1 - -0.15% )	/	( (569.592	+	569.041)	/ 2 )
=	-13.29992	/	569.3165
=	-2.34 %

where

	Invested Capital		(Q: Jun. 2020 )
=	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	))
=	569.988	-	1.785	-	( 0.324	-	max(0, 1.785	-	0.396	+	0.324	))
=	569.592

	Invested Capital		(Q: Sep. 2020 )
=	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	))
=	569.245	-	4.37	-	( 0.165	-	max(0, 4.37	-	0.204	+	0.165	))
=	569.041

Note: The Operating Income data used here is four times the quarterly (Sep. 2020) data.

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

Spartan Energy Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2020		Q: Sep. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-13.28	/	( ( (0 + max(-1.713, 0))	+	(0 + max(-4.331, 0)) )	/	2 )
=	-13.28	/	( ( 0	+	0 )	/	2 )
=	-13.28	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.072)	-	(1.785	+	0	+	0)
=	-1.713

	Working Capital		(Q: Sep. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.039)	-	(4.37	+	0	+	0)
=	-4.331

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

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

Spartan Energy Acquisition's Operating Margin % for the quarter that ended in Sep. 2020 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	-3.32	/	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.

Spartan Energy Acquisition Operating Income Related Terms

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

Spartan Energy Acquisition (Spartan Energy Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Spartan Energy Acquisition Corp (NYSE:SPAQ.U) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 43rd Floor, New York, NY, USA, 10019

Website

http://www.spartanenergyspac.com

Spartan Energy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Executives

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
John J Macwilliams	director	P O BOX 22027, TULSA OK 74121
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Holdings, L.p.	10 percent owner	9 W. 57TH STREET, NEW YORK NY 10019
Apollo Commodities Management, L.p.	10 percent owner	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Gregory A Beard	10 percent owner	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Geoffrey Strong	10 percent owner	C/O APOLLO MANAGEMENT, 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Natural Resources Partners Ii, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Spartan Energy Acquisition Sponsor Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jan C. Wilson	director	18 A HAZELTON AVE., SUITE 606, TORONTO A6 M5R 2E2
J Michael Stice	director	525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Robert C Reeves	director	1001 LOUISIANA STREET, HOUSTON TX 77002
James Crossen	officer: CFO and CAO	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019