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Advanced Technology & Materials Co (SZSE:000969) Operating Income : ¥293 Mil (TTM As of Mar. 2025)


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What is Advanced Technology & Materials Co Operating Income?

Advanced Technology & Materials Co's Operating Income for the three months ended in Mar. 2025 was ¥98 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ¥293 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Advanced Technology & Materials Co's Operating Income for the three months ended in Mar. 2025 was ¥98 Mil. Advanced Technology & Materials Co's Revenue for the three months ended in Mar. 2025 was ¥1,782 Mil. Therefore, Advanced Technology & Materials Co's Operating Margin % for the quarter that ended in Mar. 2025 was 5.51%.

Warning Sign:

Advanced Technology & Materials Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5%.

Advanced Technology & Materials Co's 5-Year average Growth Rate for Operating Margin % was -5.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advanced Technology & Materials Co's annualized ROC % for the quarter that ended in Mar. 2025 was 6.78%. Advanced Technology & Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 12.63%.


Advanced Technology & Materials Co Operating Income Historical Data

The historical data trend for Advanced Technology & Materials Co'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.

Advanced Technology & Materials Co Operating Income Chart

Advanced Technology & Materials Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 308.83 342.14 285.95 353.70 310.04

Advanced Technology & Materials Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Operating Income 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 Premium Member Only 115.56 78.23 105.06 11.19 98.27

Advanced Technology & Materials Co 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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥293 Mil.

* 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.


Advanced Technology & Materials Co  (SZSE:000969) Operating Income Explanation

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

Advanced Technology & Materials Co's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=393.064 * ( 1 - 7.93% )/( (5262.045 + 5416.82)/ 2 )
=361.8940248/5339.4325
=6.78 %

where

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))
=11092.92 - 3127.308 - ( 2758.888 - max(0, 3755.484 - 6459.051+2758.888))
=5262.045

Invested Capital(Q: Mar. 2025 )
=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))
=11137.571 - 3168.258 - ( 2552.493 - max(0, 3724.513 - 6520.838+2552.493))
=5416.82

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

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

Advanced Technology & Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=405.68/( ( (3183.533 + max(-337.897, 0)) + (3235.914 + max(5.4589999999998, 0)) )/ 2 )
=405.68/( ( 3183.533 + 3241.373 )/ 2 )
=405.68/3212.453
=12.63 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(998.352 + 2084.064 + 206.276) - (3127.308 + 0 + 499.281)
=-337.897

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1327.957 + 2111.953 + 181.17) - (3168.258 + 0 + 447.363)
=5.4589999999998

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

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

Advanced Technology & Materials Co's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=98.266/1782.058
=5.51 %

* 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.

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.


Advanced Technology & Materials Co Operating Income Related Terms

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Advanced Technology & Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 76 Xueyuan South Road, Haidian District, Beijing, Beijing, CHN, 100081
Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.
Executives
Wang Tie Jun Executives
Gao Ai Sheng Supervisors
Su Guo Ping Directors, executives
Li Jun Feng Director
Wang She Jiao Director
Yang Wen Yi Executives
Yang Chun Jie Securities Affairs Representative
Zhang Jin Hua Executives
Jiang Jin Feng Supervisors
Zhao Shi Qian Directors, executives
Tian Zhi Ling Director
Zhou Shao Xiong Executives
Jin Ming Chang Supervisors
Wang Huai Supervisors
Zhao Pei Directors, executives

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