China Oriental Group Co (STU:ORG) Operating Income : €-58 Mil (TTM As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is China Oriental Group Co Operating Income?

China Oriental Group Co's Operating Income for the six months ended in Dec. 2023 was €-77 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was €-58 Mil.

Warning Sign:

China Oriental Group Co Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Oriental Group Co's Operating Income for the six months ended in Dec. 2023 was €-77 Mil. China Oriental Group Co's Revenue for the six months ended in Dec. 2023 was €3,108 Mil. Therefore, China Oriental Group Co's Operating Margin % for the quarter that ended in Dec. 2023 was -2.47%.

China Oriental Group Co'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. China Oriental Group Co's annualized ROC % for the quarter that ended in Dec. 2023 was -2.59%. China Oriental Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -3.43%.

China Oriental Group Co Operating Income Historical Data

The historical data trend for China Oriental Group Co'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.

China Oriental Group Co Operating Income Chart

China Oriental Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

Get a 7-Day Free Trial

448.18

195.84

427.23

63.71

-57.76

China Oriental Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial															192.35	160.86	-90.44	19.18	-76.86

China Oriental Group Co 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 semi-annually data reported by the company within the most recent 12 months, which was €-58 Mil.

China Oriental Group Co (STU:ORG) Operating Income Explanation

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

China Oriental Group Co'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: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-153.726 * ( 1 - 18.64% )	/	( (4798.057	+	4859.776)	/ 2 )
=	-125.0714736	/	4828.9165
=	-2.59 %

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	))
=	6374.58	-	853.403	-	( 1201.632	-	max(0, 2725.152	-	3448.272	+	1201.632	))
=	4798.057

	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	))
=	6425.264	-	871.727	-	( 1011.963	-	max(0, 2895.631	-	3589.392	+	1011.963	))
=	4859.776

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

China Oriental Group Co'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: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-97.144	/	( ( (2077.994 + max(619.651, 0))	+	(2052.099 + max(910.413, 0)) )	/	2 )
=	-97.144	/	( ( 2697.645	+	2962.512 )	/	2 )
=	-97.144	/	2830.0785
=	-3.43 %

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)
=	(410.963	+	678.458	+	718.843)	-	(853.403	+	0	+	335.21)
=	619.651

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(368.752	+	793.902	+	961.053)	-	(871.727	+	0	+	341.567)
=	910.413

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

China Oriental Group Co'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 )
	=	-76.863	/	3108.081
	=	-2.47 %

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.

China Oriental Group Co Operating Income Related Terms

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

China Oriental Group Co (STU:ORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Oriental Group Co Ltd (STU:ORG) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

00581:Hong Kong

Address

23 Harbour Road, Suites 901-2 and 10, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.chinaorientalgroup.com

China Oriental Group Co Ltd is an iron and steel producer. The company is organized into two main operating segments: Iron and Steel and Real Estate. The Iron and Steel segment is comprised of the manufacturing and sale of iron and steel products and trading of steel products and iron ore and under its Real Estate segment it develops and sells properties. China Oriental produces downstream products including H-section steel, Cold rolled sheets, Galvanized sheets, Strips and strip products, Billets, Rebar, and Steel pile sheets. The company generates the majority of its revenue from the Iron and Steel segment. The firm's major customers are based in Northern China.