BSDGF (Bosideng International Holdings) Operating Income: $782 Mil (TTM As of Sep. 2025)

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BSDGF Bosideng International Holdings Ltd BSDGF
71 GF Score
Price $0.65
GF Value $0.71
Valuation Fairly Valued
! 5 Warning Signs
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What is Bosideng International Holdings Operating Income?

Bosideng International Holdings BSDGF +0.22% 71 Operating Income is $782 Mil as of Sep. 2025. GuruFocus rates BSDGF with a GF Score™ of 71/100 and a GF Value™ of $0.71 (Fairly Valued). The stock has 5 warning signs investors should review.

Bosideng International Holdings's Operating Income for the six months ended in Sep. 2025 was $224 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $782 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bosideng International Holdings's Operating Income for the six months ended in Sep. 2025 was $224 Mil. Bosideng International Holdings's Revenue for the six months ended in Sep. 2025 was $1,253 Mil. Therefore, Bosideng International Holdings's Operating Margin % for the quarter that ended in Sep. 2025 was 17.90%.

Good Sign:

Bosideng International Holdings Ltd operating margin is expanding. Margin expansion is usually a good sign.

Bosideng International Holdings's 5-Year average Growth Rate for Operating Margin % was 6.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bosideng International Holdings's annualized ROC % for the quarter that ended in Sep. 2025 was 20.10%. Bosideng International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 91.31%.

Bosideng International Holdings  (OTCPK:BSDGF) Operating Income Explanation

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

Bosideng International Holdings's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=448.612 * ( 1 - 28.5% )/( (1616.32 + 1575.233)/ 2 )
=320.75758/1595.7765
=20.10 %

where

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))
=3780.126 - 823.817 - ( 1601.814 - max(0, 1311.631 - 2651.62+1601.814))
=1616.32

Invested Capital(Q: Sep. 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))
=3977.006 - 1217.819 - ( 1183.954 - max(0, 1605.818 - 2837.251+1183.954))
=1575.233

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

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

Bosideng International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=487.052/( ( (406.168 + max(-181.663, 0)) + (496.125 + max(164.523, 0)) )/ 2 )
=487.052/( ( 406.168 + 660.648 )/ 2 )
=487.052/533.408
=91.31 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(141.827 + 544.967 + 257.427) - (823.817 + 0 + 302.067)
=-181.663

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(652.763 + 664.732 + 256.819) - (1217.819 + 0 + 191.972)
=164.523

When net working capital is negative, 0 is used.

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

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

Bosideng International Holdings's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=224.306/1253.266
=17.90 %

* 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.

Bosideng International Holdings Operating Income Related Terms

Bosideng International Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Bosideng International 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.

Bosideng International Holdings Operating Income Chart

Bosideng International Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 411.19 427.28 620.37 708.74 789.63

Bosideng International Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 449.43 217.89 496.06 224.31 557.79
BSDGF
71GF Score
Bosideng International Holdings Ltd BSDGF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bosideng International 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $782 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 $782 Mil mean?
Bosideng International Holdings (BSDGF) has a Operating Income of $782 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bosideng International Holdings and its competitors.
Is Bosideng International Holdings' Operating Income too high?
Bosideng International Holdings' current Operating Income is $782 Mil. Overall, Bosideng International Holdings has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bosideng International Holdings' Operating Income compare to RL and LEVI?
Bosideng International Holdings' Operating Income of $782 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 a Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories 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 Bosideng International Holdings and its competitors. Bosideng International Holdings's current Operating Income is $782 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bosideng International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bosideng International Holdings (BSDGF) is currently considered Fairly Valued. The stock's GF Value™ is $0.71, compared to a current price of $0.65 — trading 7.8% below its estimated fair value. The current Operating Income is $782 Mil. Bosideng International Holdings' overall GF Score™ is 71/100 with 5 warning signs to review. 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 Bosideng International Holdings (BSDGF), the current Operating Income is $782 Mil as of Sep. 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.

Is Bosideng International Holdings (BSDGF) Overvalued in 2026?

Based on GuruFocus' analysis, Bosideng International Holdings stock appears to be undervalued. The current stock price of $0.65 is trading 7.8% below its estimated GF Value™ of $0.71. GuruFocus considers Bosideng International Holdings to be Fairly Valued.

Key valuation signals for BSDGF:

  • Operating Income: $782 Mil
  • GF Value™: $0.71 vs. price of $0.65 (7.8% below fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the BSDGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bosideng International Holdings Business Description

Address 99 Queen’s Road Central, Unit 5709, 57th Floor, The Center, Central, Hong Kong, HKG
Bosideng is the largest down apparel firm in China. The company operates several brands with different market positionings. Among them, its namesake Bosideng brand targets the mid to high-end segment, Snow Flying serves the mass market, and Bogner caters to the luxury segment. The firm also owns over 30% stake in Moose Knuckle, a Canadian luxury brand. As of March 2025, Bosideng has 3,470 retail locations across China, including 1,524 self-operated stores. In addition to its core business, Bosideng distributes ladieswear and provides OEM services to other brands, leveraging its supply chain strength.
71GF Score

Get the complete analysis for BSDGF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.65
Price
$0.71
GF Value