China Auto Logistics (China Auto Logistics) Operating Income

: $-0.8 Mil (TTM As of Sep. 2017)

View and export this data going back to 2009. Start your Free Trial

China Auto Logistics's Operating Income for the three months ended in Sep. 2017 was $-0.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2017 was $-0.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Auto Logistics's Operating Income for the three months ended in Sep. 2017 was $-0.3 Mil. China Auto Logistics's Revenue for the three months ended in Sep. 2017 was $125.2 Mil. Therefore, China Auto Logistics's Operating Margin % for the quarter that ended in Sep. 2017 was -0.20%.

China Auto Logistics'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. China Auto Logistics's annualized ROC % for the quarter that ended in Sep. 2017 was -0.70%. China Auto Logistics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 was -2.85%.

China Auto Logistics Operating Income Historical Data

The historical data trend for China Auto Logistics'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.

China Auto Logistics Annual Data

Trend

Nov07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Operating Income

Get a 7-Day Free Trial

8.24

2.93

-0.90

-2.23

0.23

China Auto Logistics Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Operating Income	Get a 7-Day Free Trial															-0.02	-0.01	-0.33	-0.17	-0.25

China Auto Logistics 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.8 Mil.

China Auto Logistics (OTCPK:CALIQ) Operating Income Explanation

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

China Auto Logistics's annualized ROC % for the quarter that ended in Sep. 2017 is calculated as:

	ROC % (Q: Sep. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2017 )	+	Invested Capital (Q: Sep. 2017 ))	/ count )
=	-1 * ( 1 - 0% )	/	( (146.744	+	139.431)	/ 2 )
=	-1	/	143.0875
=	-0.70 %

where

	Invested Capital		(Q: Jun. 2017 )
=	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	))
=	158.778	-	10.466	-	( 1.568	-	max(0, 134.831	-	158.457	+	1.568	))
=	146.744

	Invested Capital		(Q: Sep. 2017 )
=	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	))
=	152.934	-	7.76	-	( 5.743	-	max(0, 127.716	-	152.63	+	5.743	))
=	139.431

Note: The Operating Income data used here is four times the quarterly (Sep. 2017) data.

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

China Auto Logistics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2017		Q: Sep. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.956	/	( ( (0.29 + max(110.371, 0))	+	(0.273 + max(96.316, 0)) )	/	2 )
=	-2.956	/	( ( 110.661	+	96.589 )	/	2 )
=	-2.956	/	103.625
=	-2.85 %

where Working Capital is:

	Working Capital		(Q: Jun. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(58.119	+	11.97	+	86.541)	-	(10.466	+	35.793	+	0)
=	110.371

	Working Capital		(Q: Sep. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54.271	+	13.007	+	79.281)	-	(7.76	+	42.483	+	-1.4210854715202E-14)
=	96.316

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2017) EBIT data.

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

China Auto Logistics's Operating Margin % for the quarter that ended in Sep. 2017 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	-0.25	/	125.232
	=	-0.20 %

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.

China Auto Logistics Operating Income Related Terms

Thank you for viewing the detailed overview of China Auto Logistics's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

China Auto Logistics (China Auto Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Auto Logistics Inc (OTCPK:CALIQ) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

86 Tianbao Avenue, Floor 1 FTZ International Auto Mall, Free Trade Zone, Tianjin, CHN, 300461

Website

http://www.chinaautologisticsinc.com

China Auto Logistics Inc is the wholesaler of imported luxury automobiles. The company's operating segment includes Sales of Automobiles; Financing Services and Other Services. It generates maximum revenue from the Sales of Automobiles segment. Entire revenue from operations of the company is generated in China. The company also delivers logistics services related to the automobile importing process and other automobile value-added services, such as assistance with customs clearance, storage, and nationwide delivery services.