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China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Operating Margin % : 7.30% (As of Sep. 2015)


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What is China Ming Yang Wind Power Group Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. China Ming Yang Wind Power Group's Operating Income for the three months ended in Sep. 2015 was $20 Mil. China Ming Yang Wind Power Group's Revenue for the three months ended in Sep. 2015 was $273 Mil. Therefore, China Ming Yang Wind Power Group's Operating Margin % for the quarter that ended in Sep. 2015 was 7.30%.

The historical rank and industry rank for China Ming Yang Wind Power Group's Operating Margin % or its related term are showing as below:


MY's Operating Margin % is not ranked *
in the Industrial Products industry.
Industry Median: 6.92
* Ranked among companies with meaningful Operating Margin % only.

China Ming Yang Wind Power Group's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

China Ming Yang Wind Power Group's Operating Income for the three months ended in Sep. 2015 was $20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2015 was $51 Mil.


China Ming Yang Wind Power Group Operating Margin % Historical Data

The historical data trend for China Ming Yang Wind Power Group'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.

China Ming Yang Wind Power Group Operating Margin % Chart

China Ming Yang Wind Power Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Operating Margin %
Get a 7-Day Free Trial 8.24 -6.54 -22.52 4.71 4.62

China Ming Yang Wind Power Group Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Operating Margin % 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 4.02 2.47 4.30 7.30 4.49

Competitive Comparison of China Ming Yang Wind Power Group's Operating Margin %

For the Specialty Industrial Machinery subindustry, China Ming Yang Wind Power Group'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.


China Ming Yang Wind Power Group's Operating Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Ming Yang Wind Power Group's Operating Margin % distribution charts can be found below:

* The bar in red indicates where China Ming Yang Wind Power Group's Operating Margin % falls into.



China Ming Yang Wind Power Group 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.

China Ming Yang Wind Power Group's Operating Margin % for the fiscal year that ended in Dec. 2015 is calculated as

Operating Margin %=Operating Income (A: Dec. 2015 ) / Revenue (A: Dec. 2015 )
=48.646 / 1053.956
=4.62 %

China Ming Yang Wind Power Group's Operating Margin % for the quarter that ended in Sep. 2015 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2015 ) / Revenue (Q: Sep. 2015 )
=19.934 / 273.067
=7.30 %

* 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.


China Ming Yang Wind Power Group  (NYSE:MY) 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.


China Ming Yang Wind Power Group Operating Margin % Related Terms

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China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Business Description

Traded in Other Exchanges
N/A
Address
China Ming Yang Wind Power Group Ltd founded in 2006. The Company is a wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines and the provision of related maintenance services in the People's Republic of China (the "PRC") and the Republic of India ("India"). Its current products consist of (i) basic models of wind turbines with a rated power capacity of 1.5MW, (ii) wind turbines with a rated power capacity of 2.0MW, and (iii) 2.5/3.0MW SCD wind turbines. Each product type may be installed with one of three rotor blade models depending on the location and wind conditions. 1.5MW wind turbines are widely used model in China. As of December 31, 2013, the Company had entered into sales contracts with 45 end customers to deliver 4,804 units of its wind turbines, representing wind power output of approximately 7,588.5MW. Its customers include five Chinese state-owned power producers, namely Huaneng, China Datang, Huadian, China Guodian Corporation, or Guodian, and China Power Investment Corporation, or CPIC, or their alternative energy subsidiaries, such as China Longyuan Power Group Corporation Limited, or Longyuan, a subsidiary of Guodian, and Datang Corporation Renewable Power Co., Limited, or Datang Renewable, a subsidiary of China Datang. The Company also sells wind turbines to regional alternative energy investment companies, regional power producers and wind farm operators in the private sector. Its facilities are currently located in Zhongshan, Tianjin, Jilin, Rudong, Dali, Inner Mongolia and Gansu (including Hami area) in China. The Company has two operating segments, which are manufacture and sale of wind turbines in PRC and the manufacture and sale of wind turbines in India. The Company competes with both domestic and international wind turbine manufacturers. Its domestic competitors include Sinovel, Goldwind, Dongfang Electric and United Power. Its key international competitors in China include Vestas from Denmark, Gamesa Corporación Tecnológica S.A. from Spain and GE Energy, the alternative energy arm of GE from the United States.In addition, the wind power industry also faces competition from conventional and non-wind power alternative energy technologies.

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