BHATF (Blue Hat Interactive Entertainment Technology) Operating Income: $-4.05 Mil (TTM As of Jun. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Blue Hat Interactive Entertainment Technology Operating Income?

Blue Hat Interactive Entertainment Technology BHATF Operating Income is $-4.05 Mil as of Jun. 2025. The stock has 7 warning signs investors should review.

Blue Hat Interactive Entertainment Technology's Operating Income for the six months ended in Jun. 2025 was $-0.82 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was $-4.05 Mil.

Warning Sign:

Blue Hat Interactive Entertainment Technology 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. Blue Hat Interactive Entertainment Technology's Operating Income for the six months ended in Jun. 2025 was $-0.82 Mil. Blue Hat Interactive Entertainment Technology's Revenue for the six months ended in Jun. 2025 was $13.33 Mil. Therefore, Blue Hat Interactive Entertainment Technology's Operating Margin % for the quarter that ended in Jun. 2025 was -6.15%.

Blue Hat Interactive Entertainment 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. Blue Hat Interactive Entertainment Technology's annualized ROC % for the quarter that ended in Jun. 2025 was -2.78%. Blue Hat Interactive Entertainment Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -2.92%.

Blue Hat Interactive Entertainment Technology  (OTCPK:BHATF) Operating Income Explanation

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

Blue Hat Interactive Entertainment Technology's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=-1.638 * ( 1 - 0% )/( (34.885 + 82.937)/ 2 )
=-1.638/58.911
=-2.78 %

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))
=75.232 - 40.333 - ( 0.014 - max(0, 40.648 - 70.065+0.014))
=34.885

Invested Capital(Q: Jun. 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))
=87.411 - 3.41 - ( 1.064 - max(0, 3.58 - 82.462+1.064))
=82.937

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data.

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

Blue Hat Interactive Entertainment Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.65/( ( (5.168 + max(24.245, 0)) + (4.95 + max(78.459, 0)) )/ 2 )
=-1.65/( ( 29.413 + 83.409 )/ 2 )
=-1.65/56.411
=-2.92 %

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)
=(0 + 64.56 + 0.021000000000001) - (40.333 + 0.003 + 7.105427357601E-15)
=24.245

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.327 + 56.43 + 12.114) - (3.41 + 0.003 + -0.0010000000000003)
=78.459

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

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

Blue Hat Interactive Entertainment Technology's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2025 )/Revenue (Q: Jun. 2025 )
=-0.819/13.327
=-6.15 %

* 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.

Blue Hat Interactive Entertainment Technology Operating Income Related Terms

Blue Hat Interactive Entertainment Technology Operating Income Historical Data

* Premium members only.

The historical data trend for Blue Hat Interactive Entertainment 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.

Blue Hat Interactive Entertainment Technology Operating Income Chart

Blue Hat Interactive Entertainment Technology Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial 10.20 -36.53 -7.88 -15.19 -4.46

Blue Hat Interactive Entertainment Technology Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 -4.07 -11.12 -1.23 -3.23 -0.82

Blue Hat Interactive Entertainment 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 Jun. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.05 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-4.05 Mil mean?
Blue Hat Interactive Entertainment Technology (BHATF) has a Operating Income of $-4.05 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Blue Hat Interactive Entertainment Technology and its competitors.
Is Blue Hat Interactive Entertainment Technology's Operating Income too high?
Blue Hat Interactive Entertainment Technology's current Operating Income is $-4.05 Mil.
How does Blue Hat Interactive Entertainment Technology's Operating Income compare to FRZT and NTES?
Blue Hat Interactive Entertainment Technology's Operating Income of $-4.05 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Interactive Media company?
A good Operating Income depends on the Interactive Media industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Blue Hat Interactive Entertainment Technology and its competitors. Blue Hat Interactive Entertainment Technology's current Operating Income is $-4.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Hat Interactive Entertainment Technology stock overvalued right now?
Based on GuruFocus' analysis, Blue Hat Interactive Entertainment Technology (BHATF) is currently considered Possible Value Trap. The stock's GF Value™ is $222.21, compared to a current price of $0.00 — trading 100% below its estimated fair value. The current Operating Income is $-4.05 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Blue Hat Interactive Entertainment Technology (BHATF), the current Operating Income is $-4.05 Mil as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Blue Hat Interactive Entertainment Technology Business Description

Address No. 1010 Anling Road, 7th Floor, Building C, Huli District, Xiamen, CHN, 361009
Blue Hat Interactive Entertainment Technology is focused on commodity trading, including chemicals, jewelry, and precious metals such as gold. It operates a gold and diamond trading and supply chain business. Its business model encompasses physical gold trading, diamond trading, gold derivatives trading, and the development of AI-enabled trading platforms. Its segments include Diamond trading, Commodity trading, Information service, Interactive toys - animation series, and Interactive toys - game series. It derives revenue from Diamond trading. The majority of its revenues are generated in PRC.