China Environmental Technology Holdings (HKSE:00646) Operating Income : HK$-22.46 Mil (TTM As of Dec. 2024)

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What is China Environmental Technology Holdings Operating Income?

China Environmental Technology Holdings's Operating Income for the six months ended in Dec. 2024 was HK$-18.32 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-22.46 Mil.

Warning Sign:

China Environmental Technology Holdings Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Environmental Technology Holdings's Operating Income for the six months ended in Dec. 2024 was HK$-18.32 Mil. China Environmental Technology Holdings's Revenue for the six months ended in Dec. 2024 was HK$9.13 Mil. Therefore, China Environmental Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2024 was -200.69%.

Good Sign:

China Environmental Technology Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.

China Environmental Technology Holdings's 5-Year average Growth Rate for Operating Margin % was 22.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Environmental Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2024 was -28.36%. China Environmental Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -2,133.73%.

China Environmental Technology Holdings Operating Income Historical Data

The historical data trend for China Environmental Technology Holdings'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 Environmental Technology Holdings Operating Income Chart

China Environmental Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

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-43.07

-14.97

-16.64

-21.55

-22.46

China Environmental Technology Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Operating Income	Get a 7-Day Free Trial															-10.67	-10.76	-10.80	-4.14	-18.32

China Environmental Technology Holdings 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 Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-22.46 Mil.

China Environmental Technology Holdings (HKSE:00646) Operating Income Explanation

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

China Environmental Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-36.646 * ( 1 - 0% )	/	( (162.082	+	96.329)	/ 2 )
=	-36.646	/	129.2055
=	-28.36 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	37.969	-	403.29	-	( 6.604	-	max(0, 563.993	-	36.59	+	6.604	))
=	162.082

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	37.227	-	357.612	-	( 0.892	-	max(0, 451.256	-	34.542	+	0.892	))
=	96.329

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

China Environmental Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-28.976	/	( ( (0.683 + max(-394.315, 0))	+	(2.033 + max(-341.026, 0)) )	/	2 )
=	-28.976	/	( ( 0.683	+	2.033 )	/	2 )
=	-28.976	/	1.358
=	-2,133.73 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(17.486	+	0	+	1.275)	-	(403.29	+	0	+	9.7860000000001)
=	-394.315

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.444	+	0	+	4.714)	-	(357.612	+	0	+	11.572)
=	-341.026

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

China Environmental Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	-18.323	/	9.13
	=	-200.69 %

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 Environmental Technology Holdings Operating Income Related Terms

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China Environmental Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Environmental Technology Holdings Ltd (HKSE:00646) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Tai Yau Street, Unit 901, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG

Website

http://www.cethl.com/en/Home

China Environmental Technology Holdings Ltd is engaged in the environmental protection business, including trading of machinery and equipment, environmental protection technology, equipment system integration, cities and towns wastewater treatment and project technical service, and health-related products and services. It operates through three segments: the Wastewater Treatment segment, which generates key revenue and engages in the provision of wastewater treatment plants construction and operation services, as well as the trading of wastewater treatment facilities and machinery, and the provision of related services; the Healthcare segment and the Energy management segment. Geographically, the company generates the majority of its revenue from the PRC.

Executives

Clicfield Holdings Limited	2101 Beneficial owner
Gentle International Holdings Limited	2101 Beneficial owner
Xu Zhongping	2201 Interest of corporation controlled by you
Classy Jade Limited	2201 Interest of corporation controlled by you
Classy Jade Limited	2101 Beneficial owner
Hoshino Takayuki	2101 Beneficial owner
Zhang Zihong	2101 Beneficial owner
Qy3d Development Inc	2201 Interest of corporation controlled by you
Zhang Shengbiao	2101 Beneficial owner
Cheung Chun To	2101 Beneficial owner
Li Leon	2201 Interest of corporation controlled by you
Options Inc.	2201 Interest of corporation controlled by you
Pacific Fertility Institutes Holding Company Limited	2101 Beneficial owner
Ceiam International Capital Partners (1) Lp	2106 Person having a security interest in shares
Ceiam (bvi) Holdings Limited	2201 Interest of corporation controlled by you

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