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Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI-R) Operating Income : ฿-77 Mil (TTM As of Mar. 2025)


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What is Kiang Huat Sea Gull Trading Frozen Food PCL Operating Income?

Kiang Huat Sea Gull Trading Frozen Food PCL's Operating Income for the three months ended in Mar. 2025 was ฿7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ฿-77 Mil.

Warning Sign:

Kiang Huat Sea Gull Trading Frozen Food PCL had lost money in 50% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kiang Huat Sea Gull Trading Frozen Food PCL's Operating Income for the three months ended in Mar. 2025 was ฿7 Mil. Kiang Huat Sea Gull Trading Frozen Food PCL's Revenue for the three months ended in Mar. 2025 was ฿628 Mil. Therefore, Kiang Huat Sea Gull Trading Frozen Food PCL's Operating Margin % for the quarter that ended in Mar. 2025 was 1.08%.

Kiang Huat Sea Gull Trading Frozen Food PCL'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. Kiang Huat Sea Gull Trading Frozen Food PCL's annualized ROC % for the quarter that ended in Mar. 2025 was -1.38%. Kiang Huat Sea Gull Trading Frozen Food PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 2.31%.


Kiang Huat Sea Gull Trading Frozen Food PCL Operating Income Historical Data

The historical data trend for Kiang Huat Sea Gull Trading Frozen Food PCL'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.

Kiang Huat Sea Gull Trading Frozen Food PCL Operating Income Chart

Kiang Huat Sea Gull Trading Frozen Food PCL 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 -141.14 58.26 126.65 159.57 -88.94

Kiang Huat Sea Gull Trading Frozen Food PCL 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 -4.75 16.38 -75.85 -24.72 6.79

Kiang Huat Sea Gull Trading Frozen Food PCL 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 ฿-77 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.


Kiang Huat Sea Gull Trading Frozen Food PCL  (BKK:CHOTI-R) Operating Income Explanation

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

Kiang Huat Sea Gull Trading Frozen Food PCL'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 )
=27.156 * ( 1 - 206.78% )/( (2157.538 + 2051.089)/ 2 )
=-28.9971768/2104.3135
=-1.38 %

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))
=2291.151 - 103.463 - ( 30.15 - max(0, 1031.033 - 1300.87+30.15))
=2157.538

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))
=2208.347 - 115.935 - ( 41.323 - max(0, 938.214 - 1187.266+41.323))
=2051.089

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

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

Kiang Huat Sea Gull Trading Frozen Food PCL'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 )
=44.324/( ( (821.364 + max(1122.854, 0)) + (859.134 + max(1030.008, 0)) )/ 2 )
=44.324/( ( 1944.218 + 1889.142 )/ 2 )
=44.324/1916.68
=2.31 %

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)
=(167.44 + 1058.877 + -2.2737367544323E-13) - (103.463 + 0 + -2.2737367544323E-13)
=1122.854

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(273.715 + 872.228 + 0) - (115.935 + 0 + 1.1368683772162E-13)
=1030.008

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 %:

Kiang Huat Sea Gull Trading Frozen Food PCL'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 )
=6.789/627.694
=1.08 %

* 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.


Kiang Huat Sea Gull Trading Frozen Food PCL Operating Income Related Terms

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Kiang Huat Sea Gull Trading Frozen Food PCL Business Description

Traded in Other Exchanges
Address
4/2 Moo 3, Asia Highway No. 43, Tambol Namom, Amphur Namom, Songkhla, THA, 90310
Kiang Huat Sea Gull Trading Frozen Food PCL is engaged in the frozen seafood manufacturing business. The production processes include beheading, peeling, sizing, weighing, arranging, cooking, value-added processing, and freezing and packing. It produces a wide variety of block, vacuum-packed items such as Raw and cooked head-on, Headless and peeled shrimps, Extended shrimps (nobashi), Cooked tail-on butterfly shrimps (sushi), Breaded shrimps (panko), Easily peeled shrimps, Slipper lobster tail, and Meat.

Kiang Huat Sea Gull Trading Frozen Food PCL Headlines

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