Pangaea Connectivity Technology (HKSE:01473) Operating Income : HK$22 Mil (TTM As of Sep. 2024)

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What is Pangaea Connectivity Technology Operating Income?

Pangaea Connectivity Technology's Operating Income for the six months ended in Sep. 2024 was HK$29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was HK$22 Mil.

Warning Sign:

Pangaea Connectivity Technology Ltd had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pangaea Connectivity Technology's Operating Income for the six months ended in Sep. 2024 was HK$29 Mil. Pangaea Connectivity Technology's Revenue for the six months ended in Sep. 2024 was HK$1,021 Mil. Therefore, Pangaea Connectivity Technology's Operating Margin % for the quarter that ended in Sep. 2024 was 2.81%.

Pangaea Connectivity Technology'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. Pangaea Connectivity Technology's annualized ROC % for the quarter that ended in Sep. 2024 was 10.34%. Pangaea Connectivity Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 16.06%.

Pangaea Connectivity Technology Operating Income Historical Data

The historical data trend for Pangaea Connectivity Technology'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.

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Pangaea Connectivity Technology Operating Income Chart

Pangaea Connectivity Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

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54.63

76.79

16.71

-7.89

-11.42

Pangaea Connectivity Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Operating Income	Get a 7-Day Free Trial							15.23	-23.12	-5.16	-6.26	28.69

Pangaea Connectivity Technology 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$22 Mil.

Pangaea Connectivity Technology (HKSE:01473) Operating Income Explanation

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

Pangaea Connectivity Technology's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	57.374 * ( 1 - 14.13% )	/	( (507.055	+	445.959)	/ 2 )
=	49.2670538	/	476.507
=	10.34 %

where

	Invested Capital		(Q: Mar. 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	))
=	847.879	-	276.723	-	( 64.101	-	max(0, 625.046	-	760.006	+	64.101	))
=	507.055

	Invested Capital		(Q: Sep. 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	))
=	781.934	-	280.136	-	( 55.839	-	max(0, 548.132	-	695.558	+	55.839	))
=	445.959

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

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

Pangaea Connectivity Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	64.37	/	( ( (43.11 + max(355.586, 0))	+	(43.437 + max(359.583, 0)) )	/	2 )
=	64.37	/	( ( 398.696	+	403.02 )	/	2 )
=	64.37	/	400.858
=	16.06 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(335.429	+	226.997	+	133.479)	-	(276.723	+	0	+	63.596)
=	355.586

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(311.225	+	182.342	+	146.152)	-	(280.136	+	0	+	-1.1368683772162E-13)
=	359.583

When net working capital is negative, 0 is used.

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

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

Pangaea Connectivity Technology's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	28.687	/	1020.762
	=	2.81 %

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.

Pangaea Connectivity Technology Operating Income Related Terms

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Pangaea Connectivity Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pangaea Connectivity Technology Ltd (HKSE:01473) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

181 Johnston Road, Rooms 902-6, 9th Floor, Tai Yau Building, Wanchai, Hong Kong, HKG

Website

http://www.pangaea.com.hk

Pangaea Connectivity Technology Ltd is involved in the telecom and datacom connectivity industry. It offers connectivity products covering wireless microwave networks, optical networks from access to metro to regional and long haul, and data center and commercial networks for cellular, fixed, personal and private usage. The company is principally engaged in import and export of connectivity products which are used in telecom and datacom connectivity industry for different end applications such as telecom infrastructure, data centres, high performance computing, IoT, and network connectivity products.

Executives

Generous Horizon Limited	2101 Beneficial owner
Fung Yui Kong	2201 Interest of corporation controlled by you
Lam Esther W.	2202 Interest of your spouse
Poon Ka Ho Stanley	2101 Beneficial owner
Generous Team Limited

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