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TG Venture Acquisition (TG Venture Acquisition) Operating Income : $-4.95 Mil (TTM As of Sep. 2023)


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What is TG Venture Acquisition Operating Income?

TG Venture Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-4.95 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TG Venture Acquisition's Operating Income for the three months ended in Sep. 2023 was $-0.91 Mil. TG Venture Acquisition's Revenue for the three months ended in Sep. 2023 was $0.00 Mil. Therefore, TG Venture Acquisition's Operating Margin % for the quarter that ended in Sep. 2023 was %.

TG Venture 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. TG Venture Acquisition's annualized ROC % for the quarter that ended in Sep. 2023 was -25.37%. TG Venture Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was %.

TG Venture Acquisition Operating Income Historical Data

The historical data trend for TG Venture 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.

TG Venture Acquisition Operating Income Chart

TG Venture Acquisition Annual Data
Trend Dec21 Dec22
Operating Income
- -2.24

TG Venture Acquisition Quarterly Data
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 -0.23 -1.51 -1.29 -1.24 -0.91

TG Venture 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 $-4.95 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.

TG Venture Acquisition  (NAS:TGVC) Operating Income Explanation

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

TG Venture 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 )
=-3.648 * ( 1 - -4% )/( (14.803 + 15.101)/ 2 )
=-3.79392/14.952
=-25.37 %

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))
=15.26 - 4.911 - ( 0.809 - max(0, 5.43 - 0.976+0.809))
=14.803

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))
=14.951 - 5.405 - ( 0.009 - max(0, 5.874 - 0.319+0.009))
=15.101

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

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

TG Venture 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 )
=-3.648/( ( (0 + max(-4.851, 0)) + (0 + max(-5.362, 0)) )/ 2 )
=-3.648/( ( 0 + 0 )/ 2 )
=-3.648/0
= %

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 + 0.06) - (4.911 + 0 + 0)
=-4.851

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.043) - (5.405 + 0 + -8.8817841970013E-16)
=-5.362

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 %:

TG Venture 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 )
=-0.912/0
= %

* 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.

TG Venture Acquisition Operating Income Related Terms

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TG Venture Acquisition (TG Venture Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TG Venture Acquisition Corp (NAS:TGVC) » Definitions » Operating Income
Comparable Companies
AOGO NOVV BREZ HUDA WINV AQU ACAX MTRY PCCT DHAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1390 Market Street, Suite 200, San Francisco, CA, USA, 94102
Website
https://www.tgventureacquisition.com
TG Venture Acquisition Corp is a newly organized, blank check company.
Executives
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
High Income Securities Fund 10 percent owner US BANCORP FUND SERVICES LLC, 615 EAST MICHIGAN STREET, MILWAUKEE WI 53202
Special Opportunities Fund, Inc. 10 percent owner C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE WI 53202
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Patrick Tsang director, 10 percent owner, officer: Chairman and CEO WICKHAMS CARY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000
Philip Benedict Rettger director, officer: CFO PO BOX 605, KETTLE FALLS, WASHINGTON WA 99141
Ma Jason Cheng Yuen director 2121 AVENUE OF THE STARS,, SUITE 2320, LOS ANGELES CA 90067
Komal Ahmad director 300 BERRY STREET, #1313, SAN FRANCISCO CA 94158
Michael Lewis Alexander director SUITE 1975, LEVEL 19, TWO IFC,, 8 FINANCE STREET, HONG KONG F4 00000
Tsangs Group Holdings Ltd 10 percent owner ROOM 6801, 68TH FLOOR,, 99 QUEENS ROAD CENTRAL, CENTRAL,, HONG KONG F4 999077