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Belle International Holdings (Belle International Holdings) Operating Margin % : 5.76% (As of Feb. 2017)


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What is Belle International Holdings Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Belle International Holdings's Operating Income for the six months ended in Feb. 2017 was $186 Mil. Belle International Holdings's Revenue for the six months ended in Feb. 2017 was $3,229 Mil. Therefore, Belle International Holdings's Operating Margin % for the quarter that ended in Feb. 2017 was 5.76%.

The historical rank and industry rank for Belle International Holdings's Operating Margin % or its related term are showing as below:


BELLF's Operating Margin % is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 3.785
* Ranked among companies with meaningful Operating Margin % only.

Belle International Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Belle International Holdings's Operating Income for the six months ended in Feb. 2017 was $186 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2017 was $529 Mil.


Belle International Holdings Operating Margin % Historical Data

The historical data trend for Belle International Holdings'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.

Belle International Holdings Operating Margin % Chart

Belle International Holdings Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Feb14 Feb15 Feb16 Feb17
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.57 15.40 15.48 10.30 8.52

Belle International Holdings Semi-Annual Data
Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17
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 16.15 14.67 6.35 11.67 5.76

Competitive Comparison of Belle International Holdings's Operating Margin %

For the Footwear & Accessories subindustry, Belle International Holdings'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.


Belle International Holdings's Operating Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Belle International Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Belle International Holdings's Operating Margin % falls into.



Belle International Holdings 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.

Belle International Holdings's Operating Margin % for the fiscal year that ended in Feb. 2017 is calculated as

Operating Margin %=Operating Income (A: Feb. 2017 ) / Revenue (A: Feb. 2017 )
=517.542 / 6071.345
=8.52 %

Belle International Holdings's Operating Margin % for the quarter that ended in Feb. 2017 is calculated as

Operating Margin %=Operating Income (Q: Feb. 2017 ) / Revenue (Q: Feb. 2017 )
=185.897 / 3228.885
=5.76 %

* 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.


Belle International Holdings  (OTCPK:BELLF) 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.


Belle International Holdings Operating Margin % Related Terms

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Belle International Holdings (Belle International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Belle International is China's largest women's footwear retailer. Founded in 1992, and headquartered in Hong Kong, Belle owns six of China's top 10 women's footwear brands, commanding as much as 25% market share in fiscal 2013. In addition to the manufacturing and distribution of female footwear, Belle also distributes major sportswear products, including Nike and Adidas.

Belle International Holdings (Belle International Holdings) Headlines

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