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Dymatic Chemicals (SZSE:002054) Operating Income : ¥64 Mil (TTM As of Mar. 2024)


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What is Dymatic Chemicals Operating Income?

Dymatic Chemicals's Operating Income for the three months ended in Mar. 2024 was ¥19 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ¥64 Mil.

Warning Sign:

Dymatic Chemicals Inc 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. Dymatic Chemicals's Operating Income for the three months ended in Mar. 2024 was ¥19 Mil. Dymatic Chemicals's Revenue for the three months ended in Mar. 2024 was ¥680 Mil. Therefore, Dymatic Chemicals's Operating Margin % for the quarter that ended in Mar. 2024 was 2.81%.

Warning Sign:

Dymatic Chemicals Inc operating margin has been in a 5-year decline. The average rate of decline per year is -39.1%.

Dymatic Chemicals's 5-Year average Growth Rate for Operating Margin % was -39.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dymatic Chemicals's annualized ROC % for the quarter that ended in Mar. 2024 was -1.98%. Dymatic Chemicals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.97%.


Dymatic Chemicals Operating Income Historical Data

The historical data trend for Dymatic Chemicals'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.

Dymatic Chemicals Operating Income Chart

Dymatic Chemicals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 171.17 176.61 207.24 61.32 19.87

Dymatic Chemicals 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 -24.77 9.25 26.50 8.88 19.07

Dymatic Chemicals 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 ¥64 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.


Dymatic Chemicals  (SZSE:002054) Operating Income Explanation

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

Dymatic Chemicals'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 )
=76.292 * ( 1 - 239.29% )/( (5421.987 + 5335.15)/ 2 )
=-106.2671268/5378.5685
=-1.98 %

where

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))
=7231.827 - 1133.124 - ( 676.716 - max(0, 1736.573 - 2577.752+676.716))
=5421.987

Invested Capital(Q: Mar. 2024 )
=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))
=7035.587 - 927.14 - ( 773.297 - max(0, 1460.26 - 2453.051+773.297))
=5335.15

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

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

Dymatic Chemicals'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 )
=97.188/( ( (3218.903 + max(14.415, 0)) + (3154.875 + max(163.874, 0)) )/ 2 )
=97.188/( ( 3233.318 + 3318.749 )/ 2 )
=97.188/3276.0335
=2.97 %

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)
=(578.581 + 396.772 + 337.974) - (1133.124 + 0 + 165.788)
=14.415

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(681.77 + 375.968 + 146.171) - (927.14 + 0 + 112.895)
=163.874

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 %:

Dymatic Chemicals'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 )
=19.073/679.885
=2.81 %

* 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.


Dymatic Chemicals Operating Income Related Terms

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Dymatic Chemicals (SZSE:002054) Business Description

Traded in Other Exchanges
N/A
Address
Chaogui South Road, Science and Technology Industrial Park, Shunde High-tech Zone, Guangdong, Foshan, CHN, 528305
Dymatic Chemicals Inc is a China-based chemical manufacturer. The company is engaged in the product development, manufacturing, marketing, and sales of textile chemicals, leather chemicals, polyurethane chemicals, and stabilizers.
Executives
He Guo Ying Directors, executives
Cai Jing Xia Executives
Chen Qiu You Executives
Kong Qing Cheng Supervisors
Fan Xiao Ping Director
Huang Guan Xiong Director
Ye Yuan Zhang Supervisors
Pan Da Ke Securities Affairs Representative
Song Qi Director
Xu Xin Gong Executives
Liu Hong Shan Director
Lu Jun Yan Supervisors
Zhou Hong Yan Executives
Gao De Supervisors
Hu Jia Zhi Director

Dymatic Chemicals (SZSE:002054) Headlines

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