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CBAK Energy Technology (CBAK Energy Technology) Operating Income : $13.0 Mil (TTM As of Mar. 2024)


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What is CBAK Energy Technology Operating Income?

CBAK Energy Technology's Operating Income for the three months ended in Mar. 2024 was $10.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $13.0 Mil.

Warning Sign:

CBAK Energy Technology Inc had lost money in 67% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. CBAK Energy Technology's Operating Income for the three months ended in Mar. 2024 was $10.3 Mil. CBAK Energy Technology's Revenue for the three months ended in Mar. 2024 was $58.8 Mil. Therefore, CBAK Energy Technology's Operating Margin % for the quarter that ended in Mar. 2024 was 17.45%.

Good Sign:

CBAK Energy Technology Inc operating margin is expanding. Margin expansion is usually a good sign.

CBAK Energy Technology's 5-Year average Growth Rate for Operating Margin % was 67.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CBAK Energy Technology's annualized ROC % for the quarter that ended in Mar. 2024 was 18.85%. CBAK Energy Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 31.55%.


CBAK Energy Technology Operating Income Historical Data

The historical data trend for CBAK Energy Technology'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.

CBAK Energy Technology Operating Income Chart

CBAK Energy Technology Annual Data
Trend Sep14 Sep15 Sep16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.76 -4.13 -11.71 -5.12 -0.18

CBAK Energy Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.88 -3.77 5.29 1.18 10.26

CBAK Energy Technology 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.0 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.


CBAK Energy Technology  (NAS:CBAT) Operating Income Explanation

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

CBAK Energy Technology's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=41.052 * ( 1 - 9.88% )/( (192.054 + 200.523)/ 2 )
=36.9960624/196.2885
=18.85 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

CBAK Energy Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=41.052/( ( (130.511 + max(-9.261, 0)) + (129.756 + max(-30.111, 0)) )/ 2 )
=41.052/( ( 130.511 + 129.756 )/ 2 )
=41.052/130.1335
=31.55 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.17 + 33.413 + 56.389) - (121.174 + 4.035 + 0.024000000000001)
=-9.261

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.292 + 28.26 + 33.223) - (111.835 + 5.03 + 0.021000000000015)
=-30.111

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

CBAK Energy Technology's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=10.263/58.822
=17.45 %

* 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.


CBAK Energy Technology Operating Income Related Terms

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


CBAK Energy Technology (CBAK Energy Technology) Business Description

Traded in Other Exchanges
Address
CBAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Liaoning Province, Dalian, CHN, 116450
CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cells, battery packs, cylindrical cells, lithium polymer cells, and high-power lithium battery cells. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.
Executives
Jiewei Li officer: CFO CBAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN CITY, LIAONING PROVINCE F4 116450
Yunfei Li director, 10 percent owner, officer: CEO BAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN F4 116422
Xiangyu Pei director BAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN F4 116450
Asia Evk New Energy Auto Ltd 10 percent owner FLAT/RM B, 8/F, WING ON CHEONG BLDG, 5 WING LOK STREET, CENTRAL, HONG KONG K3 0000000
Ping Shen 10 percent owner GROUP 1 LIVESTOCK RANCH, HUAIJIA TOWN, YUSHU CITY, JILIN PROVINCE F4 130416
Dawei Li 10 percent owner NO. 11 MEIGUI STREET (EAST), HUAYUANKOU ECONOMIC DISTRICT, DALIAN F4 116450
Mu Li 10 percent owner A-3003, PENGDUDASHA, NANGUANG ROAD, NANSHAN DISTRICT, SHENZHEN F4 518054
Wei Qi 10 percent owner 3-B1005, HUAYUAN, TIANJIAN XIANDAICHENG, LONGGANG DISTRICT, SHENZHEN F4 518000
Xiangqian Li director, 10 percent owner, officer: Chairman, President & CEO BAK INDUSTRIAL PAR, NO. 1 BAK STREET, KUICHONG TOWN, LONGGANG DISTRICT, SHENZHEN F4 518119
J. Simon Xue director 3353 ROBERT BURNS DRIVE, RICHFIELD OH 44286
Chunzhi Zhang director ROOM 1505, BLOCK B TAIRAN 9TH ROAD, CHENGONGMIAO, FUTIAN DISTRICT, SHENZHEN F4 518000
Wenwu Wang officer: Interim CFO and Treasurer BAK INDUSTRIAL PARK, MEIGUI STREET, HUAYUANKOU ECONOMIC ZONE, DALIAN F4 116422
Guosheng Wang director BAK INDUSTRIAL PARK, NO, 1 BAK STREET, KUICHONG TOWN, LONGGANG DISTRICT, SHENZHEN F4 518119
Jian Lin officer: Int. Chief Technical Officer BAK INDUSTRIAL PARK, NO, 1 BAK STREET, KUICHONG TOWN, LONGGANG DISTRICT, SHENZHEN F4 518119
Jianjun He director THT INDUSTRIAL PARK, NO. 5 NANHUAN ROAD, TIEXI DISTRICT, SIPING F4 136000