Ever-Glory International Group (Ever-Glory International Group) Operating Income : $-0.5 Mil (TTM As of Sep. 2022)

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What is Ever-Glory International Group Operating Income?

Ever-Glory International Group's Operating Income for the three months ended in Sep. 2022 was $-5.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2022 was $-0.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ever-Glory International Group's Operating Income for the three months ended in Sep. 2022 was $-5.9 Mil. Ever-Glory International Group's Revenue for the three months ended in Sep. 2022 was $106.4 Mil. Therefore, Ever-Glory International Group's Operating Margin % for the quarter that ended in Sep. 2022 was -5.50%.

Ever-Glory International Group'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. Ever-Glory International Group's annualized ROC % for the quarter that ended in Sep. 2022 was -10.69%. Ever-Glory International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 was -15.06%.

Ever-Glory International Group Operating Income Historical Data

The historical data trend for Ever-Glory International Group'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.

Ever-Glory International Group Operating Income Chart

Ever-Glory International Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Operating Income

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14.75

16.11

5.28

5.38

0.63

Ever-Glory International Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Operating Income	Get a 7-Day Free Trial															-0.36	5.22	-3.31	3.42	-5.86

Ever-Glory International Group 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 Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.5 Mil.

Ever-Glory International Group (OTCPK:EVKG) Operating Income Explanation

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

Ever-Glory International Group's annualized ROC % for the quarter that ended in Sep. 2022 is calculated as:

	ROC % (Q: Sep. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Sep. 2022 ))	/ count )
=	-23.432 * ( 1 - 12% )	/	( (200.33	+	185.274)	/ 2 )
=	-20.62016	/	192.802
=	-10.69 %

where

	Invested Capital		(Q: Jun. 2022 )
=	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	))
=	304.69	-	68.93	-	( 35.43	-	max(0, 166.719	-	218.048	+	35.43	))
=	200.33

	Invested Capital		(Q: Sep. 2022 )
=	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	))
=	298.556	-	78.916	-	( 34.366	-	max(0, 173.814	-	215.438	+	34.366	))
=	185.274

Note: The Operating Income data used here is four times the quarterly (Sep. 2022) data.

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

Ever-Glory International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Sep. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-25.736	/	( ( (73.752 + max(104.111, 0))	+	(70.053 + max(93.963, 0)) )	/	2 )
=	-25.736	/	( ( 177.863	+	164.016 )	/	2 )
=	-25.736	/	170.9395
=	-15.06 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(60.039	+	66.003	+	46.999)	-	(68.93	+	0	+	0)
=	104.111

	Working Capital		(Q: Sep. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.875	+	49.038	+	43.966)	-	(78.916	+	0	+	0)
=	93.963

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

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

Ever-Glory International Group's Operating Margin % for the quarter that ended in Sep. 2022 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	-5.858	/	106.437
	=	-5.50 %

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.

Ever-Glory International Group Operating Income Related Terms

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

Ever-Glory International Group (Ever-Glory International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ever-Glory International Group Inc (OTCPK:EVKG) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ever-Glory Commercial Center, 509 Chengxin Road, Jiangning Development Zone, Jiangsu Province, Nanjing, CHN, 211102

Website

http://www.everglorygroup.com

Ever-Glory International Group Inc retails branded fashion apparel and operates as an apparel supply chain solution provider. The company offers apparel to a woman under its various brands such as La go go, Velwin, Sea To Sky, and Idole with over 936 retail locations in China. The firm also offers global apparel supply chain solutions aiming at middle-to-high end casual wear, outerwear, and sportswear brands. It manufactures apparel products in the People's Republic of China (PRC). It derives most of its revenues from its business in Mainland China and has operations spread across HK China, UK, Europe, United States and Japan.

Executives

Jianhua Wang	director	C/O EVER-GLORY INTERNATIONAL GROUP, INC., 509 CHENGXIN ROAD, JIANGNING DEVELOPMENT, NANJING, JIANGSU PROVINCE F4 211102
Huake Kang	10 percent owner	ROOM 102, NO. 16-1, WEI ALLEY, XUANWU DISTRICT, NANJING CITY F4 00000
Merry Tang	director	GZTY CPA GROUP, LLC, 52 BRIDGE STREET, METUCHEN NJ 08840
Gerald Goldberg	director
Tchaikovsky Bennet Price Jr	director	11601 WILSHIRE BOULEVARD, SUITE 2150, LOS ANGELES CA 90025
Zhixue Zhang	director	RUI JIN BEI CUN COMMUNITY, BAIXIA DISTRICT, NANJING F4 000000
Changyu Qi	director	RUI JIN BEI CUN COMMUNITY, BAIXIA DISTRICT, NANJING F4 000000
Ever-glory Enterprises (h.k.) Ltd	10 percent owner	NO. 22-503, MEI HUA SHAN ZHUANG, MU XU YUAN STREET, NANJING, JIANGSU PROVINCE F4 000000
Yihua Kang	director, 10 percent owner, officer: President, CEO & Secretary	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Jiajun Sun	director, officer: Chief Operating Officer	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Xiaodong Yan	director	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Ning Li	director	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Ruqin Wei	director	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Yan Guo	officer: Chief Financial Officer	EVER-GLORY COMM. CENTER, HUARUI BLDG., NO. 33 YUDAO ST., NANJING F4 210007
Lance Richard Larsen	officer: President	75 SUNBANK WAY SE, ALBERTA, CALGARY AB A0 0000