Andretti Acquisition (Andretti Acquisition) Operating Income : $-8.35 Mil (TTM As of Dec. 2023)

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What is Andretti Acquisition Operating Income?

Andretti Acquisition's Operating Income for the three months ended in Dec. 2023 was $-2.11 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-8.35 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Andretti Acquisition's Operating Income for the three months ended in Dec. 2023 was $-2.11 Mil. Andretti Acquisition's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Therefore, Andretti Acquisition's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Andretti 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. Andretti Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 was -9.85%. Andretti Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

Andretti Acquisition Operating Income Historical Data

The historical data trend for Andretti 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.

Andretti Acquisition Operating Income Chart

Andretti Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Operating Income

-0.01

-1.51

-8.35

Andretti Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial							-0.46	-2.27	-1.32	-2.65	-2.11

Andretti 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.35 Mil.

Andretti Acquisition (NYSE:WNNR) Operating Income Explanation

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

Andretti Acquisition's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-8.444 * ( 1 - 0% )	/	( (85.133	+	86.265)	/ 2 )
=	-8.444	/	85.699
=	-9.85 %

where

	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	))
=	85.489	-	0.867	-	( 0.157	-	max(0, 0.867	-	0.356	+	0.157	))
=	85.133

	Invested Capital		(Q: Dec. 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	))
=	86.471	-	0.956	-	( 0.161	-	max(0, 0.956	-	0.206	+	0.161	))
=	86.265

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

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

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

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.156	/	( ( (0 + max(-0.668, 0))	+	(0 + max(-0.911, 0)) )	/	2 )
=	-6.156	/	( ( 0	+	0 )	/	2 )
=	-6.156	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.199)	-	(0.867	+	0	+	0)
=	-0.668

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.045)	-	(0.956	+	0	+	0)
=	-0.911

When net working capital is negative, 0 is used.

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

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

Andretti Acquisition's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-2.111	/	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.

Andretti Acquisition Operating Income Related Terms

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

Andretti Acquisition (Andretti Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Andretti Acquisition Corp (NYSE:WNNR) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

7615 Zionsville Road, Indianapolis, IN, USA, 46268

Website

https://andrettiacquisition.com

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

Executives

William Matthew Brown	officer: See Remarks	331 N. MAIN ST., EULESS TX 76039
William J Sandbrook	director, officer: See Remarks	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
James W Keyes	director	4500 WESTGROVE DR. SUITE 222, ADDISON TX 75001
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Gerald D Putnam	director	100 SOUTH WACKER DRIVE, SUITE 1800, CHICAGO IL 60606
Michael Andretti	director, officer: See Remarks	4151 E. 96TH STREET, INDIANAPOLIS IN 46240
Andretti Sponsor Llc	director, 10 percent owner, officer: See Remarks	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
John J. Romanelli	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Zakary C. Brown	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268