CAOHF (FDG Electric Vehicles) Operating Income: $-96.20 Mil (TTM As of Sep. 2019)

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CAOHF FDG Electric Vehicles Ltd CAOHF
12 GF Score
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What is FDG Electric Vehicles Operating Income?

FDG Electric Vehicles CAOHF 12 Operating Income is $-96.20 Mil as of Sep. 2019. GuruFocus rates CAOHF with a GF Score™ of 12/100.

FDG Electric Vehicles's Operating Income for the six months ended in Sep. 2019 was $-35.57 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2019 was $-96.20 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FDG Electric Vehicles's Operating Income for the six months ended in Sep. 2019 was $-35.57 Mil. FDG Electric Vehicles's Revenue for the six months ended in Sep. 2019 was $62.17 Mil. Therefore, FDG Electric Vehicles's Operating Margin % for the quarter that ended in Sep. 2019 was -57.21%.

FDG Electric Vehicles'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. FDG Electric Vehicles's annualized ROC % for the quarter that ended in Sep. 2019 was -7.54%. FDG Electric Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 was -17.98%.


FDG Electric Vehicles  (OTCPK:CAOHF) Operating Income Explanation

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

FDG Electric Vehicles's annualized ROC % for the quarter that ended in Sep. 2019 is calculated as:

ROC % (Q: Sep. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2019 ) + Invested Capital (Q: Sep. 2019 ))/ count )
=-71.14 * ( 1 - 0.66% )/( (946.232 + 929.532)/ 2 )
=-70.670476/937.882
=-7.54 %

where

Invested Capital(Q: Sep. 2019 )
=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))
=855.017 - 279.296 - ( 12.012 - max(0, 642.661 - 288.85+12.012))
=929.532

Note: The Operating Income data used here is two times the semi-annual (Sep. 2019) data.

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

FDG Electric Vehicles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2019  Q: Sep. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-63.314/( ( (372.307 + max(-165.128, 0)) + (332.014 + max(-159.491, 0)) )/ 2 )
=-63.314/( ( 372.307 + 332.014 )/ 2 )
=-63.314/352.1605
=-17.98 %

where Working Capital is:

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.598 + 36.74 + 108.614) - (229.506 + 0 + 120.574)
=-165.128

Working Capital(Q: Sep. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(85.532 + 24.66 + 118.151) - (279.296 + 0 + 108.538)
=-159.491

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2019) EBIT data.

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

FDG Electric Vehicles's Operating Margin % for the quarter that ended in Sep. 2019 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2019 )/Revenue (Q: Sep. 2019 )
=-35.57/62.172
=-57.21 %

* 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.


FDG Electric Vehicles Operating Income Related Terms


FDG Electric Vehicles Operating Income Historical Data

* Premium members only.

The historical data trend for FDG Electric Vehicles'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.

FDG Electric Vehicles Operating Income Chart

FDG Electric Vehicles Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -59.31 -70.05 -45.61 -112.21 -103.36

FDG Electric Vehicles Semi-Annual Data
Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19
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 -68.18 -44.28 -42.80 -60.63 -35.57
CAOHF
12GF Score
FDG Electric Vehicles Ltd CAOHF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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FDG Electric Vehicles 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. 2019 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-96.20 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 $-96.20 Mil mean?
FDG Electric Vehicles (CAOHF) has a Operating Income of $-96.20 Mil as of Sep. 2019. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on FDG Electric Vehicles and its competitors.
Is FDG Electric Vehicles' Operating Income too high?
FDG Electric Vehicles' current Operating Income is $-96.20 Mil. Overall, FDG Electric Vehicles has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does FDG Electric Vehicles' Operating Income compare to APTV?
FDG Electric Vehicles' Operating Income of $-96.20 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 FDG Electric Vehicles and its competitors. FDG Electric Vehicles's current Operating Income is $-96.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FDG Electric Vehicles stock overvalued right now?
FDG Electric Vehicles (CAOHF) has a current Operating Income of $-96.20 Mil. The current Operating Income is $-96.20 Mil. FDG Electric Vehicles' overall GF Score™ is 12/100. 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 FDG Electric Vehicles (CAOHF), the current Operating Income is $-96.20 Mil as of Sep. 2019. 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.

FDG Electric Vehicles Business Description

Address 26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG
FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.
12GF Score

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

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