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Papaya Growth Opportunity I (Papaya Growth Opportunity I) Operating Income : $-2.11 Mil (TTM As of Dec. 2023)


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What is Papaya Growth Opportunity I Operating Income?

Papaya Growth Opportunity I's Operating Income for the three months ended in Dec. 2023 was $-0.48 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.11 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Papaya Growth Opportunity I's Operating Income for the three months ended in Dec. 2023 was $-0.48 Mil. Papaya Growth Opportunity I's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Therefore, Papaya Growth Opportunity I's Operating Margin % for the quarter that ended in Dec. 2023 was %.

Papaya Growth Opportunity 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. Papaya Growth Opportunity I's annualized ROC % for the quarter that ended in Dec. 2023 was -6.80%. Papaya Growth Opportunity I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was %.


Papaya Growth Opportunity I Operating Income Historical Data

The historical data trend for Papaya Growth Opportunity 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.

Papaya Growth Opportunity I Operating Income Chart

Papaya Growth Opportunity I Annual Data
Trend Dec21 Dec22 Dec23
Operating Income
- -2.13 -2.11

Papaya Growth Opportunity I Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only -0.67 -0.67 -0.40 -0.56 -0.48

Papaya Growth Opportunity 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.11 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.


Papaya Growth Opportunity I  (NAS:PPYA) Operating Income Explanation

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

Papaya Growth Opportunity I'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 )
=-1.924 * ( 1 - 1.73% )/( (27.441 + 28.143)/ 2 )
=-1.8907148/27.792
=-6.80 %

where

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

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

Papaya Growth Opportunity I'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 )
=-1.924/( ( (0 + max(-18.265, 0)) + (0 + max(-18.547, 0)) )/ 2 )
=-1.924/( ( 0 + 0 )/ 2 )
=-1.924/0
= %

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 + 0.181) - (18.446 + 0 + -3.5527136788005E-15)
=-18.265

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.044) - (18.591 + 0 + 0)
=-18.547

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 %:

Papaya Growth Opportunity I'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 )
=-0.481/0
= %

* 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.


Papaya Growth Opportunity I Operating Income Related Terms

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Papaya Growth Opportunity I (Papaya Growth Opportunity I) Business Description

Traded in Other Exchanges
N/A
Address
2201 Broadway, Suite 750, Oakland, CA, USA, 94612
Papaya Growth Opportunity Corp I is a blank check company.
Executives
Alberta Investment Management Corp 10 percent owner 1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Neil B Herceg director 2201 BROADWAY, #705, OAKLAND CA 94612
Daniel A Murillo director 2201 BROADWAY, #705, OAKLAND CA 94612
Timothy J Schenk director 2201 BROADWAY, #705, OAKLAND CA 94612
Alex Spiro officer: President 25 TUDOR CITY PLACE APT 1011, NEW YORK NY 10017
Dave Yarnold director C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Patricia Nakache director 325 SHARON PARK DR., #458, MENLO PARK CA 94025
Diana A Sklar director 2 ROUSSEAU STREET, SAN FRANCISCO CA 94112
Clay Whitehead director, 10 percent owner, officer: Chief Executive Officer C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Daniel C Rogers officer: CFO and Secretary 2201 BROADWAY; SUITE 705, OAKLAND CA 94612
Papaya Growth Opportunity I Sponsor, Llc 10 percent owner 2201 BROADWAY, SUITE 750, OAKLAND CA 94612
Patrick Pohlen director C/O MNTN DIGITAL, INC., 201 W. 5TH STREET, 11TH FLOOR, AUSTIN TX 78701

Papaya Growth Opportunity I (Papaya Growth Opportunity I) Headlines