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Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Operating Income : $-1.67 Mil (TTM As of Dec. 2023)


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What is Atlantic Coastal Acquisition II Operating Income?

Atlantic Coastal Acquisition II's Operating Income for the three months ended in Dec. 2023 was $-0.39 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.67 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Atlantic Coastal Acquisition II's Operating Income for the three months ended in Dec. 2023 was $-0.39 Mil. Atlantic Coastal Acquisition II's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Therefore, Atlantic Coastal Acquisition II's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Atlantic Coastal Acquisition II'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. Atlantic Coastal Acquisition II's annualized ROC % for the quarter that ended in Dec. 2023 was 0.39%. Atlantic Coastal Acquisition II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.

Atlantic Coastal Acquisition II Operating Income Historical Data

The historical data trend for Atlantic Coastal Acquisition II'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.

Atlantic Coastal Acquisition II Operating Income Chart

Atlantic Coastal Acquisition II Annual Data
Trend Dec21 Dec22 Dec23
Operating Income
- -2.05 -1.67

Atlantic Coastal Acquisition II Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.23 -0.54 -0.42 -0.32 -0.39

Atlantic Coastal Acquisition II 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 $-1.67 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.

Atlantic Coastal Acquisition II  (NAS:ACAB) Operating Income Explanation

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

Atlantic Coastal Acquisition II'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 )
=-1.572 * ( 1 - 109.09% )/( (36.466 + 37.261)/ 2 )
=0.1428948/36.8635
=0.39 %

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))
=37.52 - 5.509 - ( 0.948 - max(0, 5.509 - 1.054+0.948))
=36.466

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))
=37.366 - 5.499 - ( 0.265 - max(0, 35.388 - 29.994+0.265))
=37.261

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

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

Atlantic Coastal Acquisition II'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 )
=0.364/( ( (0 + max(-5.403, 0)) + (0 + max(-5.499, 0)) )/ 2 )
=0.364/( ( 0 + 0 )/ 2 )
=0.364/0
= %

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 + 0.106) - (5.509 + 0 + 0)
=-5.403

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 29.729) - (5.499 + 0 + 29.729)
=-5.499

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 %:

Atlantic Coastal Acquisition II'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 )
=-0.393/0
= %

* 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.

Atlantic Coastal Acquisition II Operating Income Related Terms

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Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp II (NAS:ACAB) » Definitions » Operating Income
Comparable Companies
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Traded in Other Exchanges
N/A
Address
6 St Johns Lane, Floor 5, New York, NY, USA, 10013
Website
https://www.atlanticcoastalacquisition.com
Atlantic Coastal Acquisition Corp II is a blank check company.
Executives
Curtis Collar director 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Dominick Schiano director 30275 OAKLEAF LANE, FRANKLIN MI 48025
Burt Jordan director, officer: President 4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Jason Chryssicas director, officer: Chief Financial Officer 9 UPLAND LANE, ARMONK NY 10504
Shahraab Ahmad director, officer: Chaiman and CEO 49 CATHCART ROAD, LONDON X0 SW10 9JE
Joanna Lord director 215 6TH STREET SOUTH, KIRKLAND WA 98033
Anthony D. Eisenberg director, officer: Chief Strategy Officer 700 LONE PINE, BLOOMFIELD HILLS MI 48304
Bryan Dove director 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Iqbaljit Kahlon director 2144 GREEN STREET #12, SAN FRANCISCO CA 94123
Atlantic Coastal Acquisition Management Ii Llc 10 percent owner 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Darren Stanwood director P.O. BOX 861, GLOUCESTER MA 01931