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Forward Fashion (International) Holdings Co (HKSE:02528) Operating Margin % : -0.40% (As of Dec. 2023)


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What is Forward Fashion (International) Holdings Co Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Forward Fashion (International) Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$-2 Mil. Forward Fashion (International) Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$502 Mil. Therefore, Forward Fashion (International) Holdings Co's Operating Margin % for the quarter that ended in Dec. 2023 was -0.40%.

The historical rank and industry rank for Forward Fashion (International) Holdings Co's Operating Margin % or its related term are showing as below:

HKSE:02528' s Operating Margin % Range Over the Past 10 Years
Min: -12.2   Med: 4.08   Max: 11.49
Current: -0.32


HKSE:02528's Operating Margin % is ranked worse than
71.35% of 1110 companies
in the Retail - Cyclical industry
Industry Median: 3.49 vs HKSE:02528: -0.32

Forward Fashion (International) Holdings Co's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Forward Fashion (International) Holdings Co's Operating Income for the six months ended in Dec. 2023 was HK$-2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-3 Mil.


Forward Fashion (International) Holdings Co Operating Margin % Historical Data

The historical data trend for Forward Fashion (International) Holdings Co's Operating Margin % 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.

Forward Fashion (International) Holdings Co Operating Margin % Chart

Forward Fashion (International) Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial 4.73 -12.20 4.05 -1.22 -0.32

Forward Fashion (International) Holdings Co Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.65 -0.83 -1.64 -0.24 -0.40

Competitive Comparison of Forward Fashion (International) Holdings Co's Operating Margin %

For the Apparel Retail subindustry, Forward Fashion (International) Holdings Co's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forward Fashion (International) Holdings Co's Operating Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's Operating Margin % falls into.



Forward Fashion (International) Holdings Co Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Forward Fashion (International) Holdings Co's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-3.225 / 1007.801
=-0.32 %

Forward Fashion (International) Holdings 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 )
=-1.994 / 502.376
=-0.40 %

* 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.


Forward Fashion (International) Holdings Co  (HKSE:02528) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Forward Fashion (International) Holdings Co Operating Margin % Related Terms

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Forward Fashion (International) Holdings Co (HKSE:02528) Business Description

Traded in Other Exchanges
N/A
Address
The Gateway, Harbour City, Suite 1204, 12th Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Forward Fashion (International) Holdings Co Ltd is engaged in the retail of fashion apparel of international brands ranging from designer label brands, and popular brands to up-and-coming brands in Greater China. Its brands include UM, UM IXOX, and IXOX. It has opened mono-brand stores in Greater China for the brands BLACK BARRETT, CK CALVIN KLEIN, Calvin Klein Jeans, Calvin Klein Performance, Calvin Klein Underwear, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger and Under Armour. It has a business presence in Mainland China, Macau, Hong Kong, and Other regions.

Forward Fashion (International) Holdings Co (HKSE:02528) Headlines

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