CDIIQ (CD International Enterprises) Operating Income: $-1.03 Mil (TTM As of Mar. 2017)

What is CD International Enterprises Operating Income?

CD International Enterprises CDIIQ Operating Income is $-1.03 Mil as of Mar. 2017.

CD International Enterprises's Operating Income for the three months ended in Mar. 2017 was $-0.28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2017 was $-1.03 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CD International Enterprises's Operating Income for the three months ended in Mar. 2017 was $-0.28 Mil. CD International Enterprises's Revenue for the three months ended in Mar. 2017 was $0.00 Mil. Therefore, CD International Enterprises's Operating Margin % for the quarter that ended in Mar. 2017 was %.

CD International Enterprises'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. CD International Enterprises's annualized ROC % for the quarter that ended in Mar. 2017 was -6.51%. CD International Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 was %.

CD International Enterprises (OTCPK:CDIIQ) Operating Income Explanation

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

CD International Enterprises's annualized ROC % for the quarter that ended in Mar. 2017 is calculated as:

	ROC % (Q: Mar. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2016 )	+	Invested Capital (Q: Mar. 2017 ))	/ count )
=	-1.116 * ( 1 - 0% )	/	( (15.525	+	18.769)	/ 2 )
=	-1.116	/	17.147
=	-6.51 %

where

	Invested Capital		(Q: Dec. 2016 )
=	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	))
=	0.038	-	8.95	-	( 0.01	-	max(0, 24.475	-	0.038	+	0.01	))
=	15.525

	Invested Capital		(Q: Mar. 2017 )
=	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	))
=	0.034	-	9.024	-	( 0.011	-	max(0, 27.793	-	0.034	+	0.011	))
=	18.769

Note: The Operating Income data used here is four times the quarterly (Mar. 2017) data.

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

CD International Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2017 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2017 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2016		Q: Mar. 2017
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-13.84	/	( ( (0 + max(-22.223, 0))	+	(0 + max(-25.473, 0)) )	/	2 )
=	-13.84	/	( ( 0	+	0 )	/	2 )
=	-13.84	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2016 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.028)	-	(8.95	+	0.423	+	12.878)
=	-22.223

	Working Capital		(Q: Mar. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.023)	-	(9.024	+	0.423	+	16.049)
=	-25.473

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

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

CD International Enterprises's Operating Margin % for the quarter that ended in Mar. 2017 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	-0.279	/	0
	=	%

* 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.

CD International Enterprises Operating Income Related Terms

CD International Enterprises Operating Income Historical Data

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The historical data trend for CD International Enterprises's Operating Income can be seen below:

CD International Enterprises Operating Income Chart

CD International Enterprises Annual Data

Trend

Dec06

Dec07

Dec08

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Operating Income

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-2.65

-4.65

-4.33

-3.51

-1.28

CD International Enterprises Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Operating Income	Get a 7-Day Free Trial															-0.34	-0.24	-0.30	-0.21	-0.28

CD International Enterprises 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.03 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-1.03 Mil mean?

CD International Enterprises (CDIIQ) has a Operating Income of $-1.03 Mil as of Mar. 2017. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CD International Enterprises and its competitors.

Is CD International Enterprises' Operating Income too high?

CD International Enterprises' current Operating Income is $-1.03 Mil.

How does CD International Enterprises' Operating Income compare to WARM and PHOT?

CD International Enterprises' Operating Income of $-1.03 Mil can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?

A good Operating Income depends on the Industrial Distribution 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 CD International Enterprises and its competitors. CD International Enterprises's current Operating Income is $-1.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CD International Enterprises stock overvalued right now?

CD International Enterprises (CDIIQ) has a current Operating Income of $-1.03 Mil. The current Operating Income is $-1.03 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 CD International Enterprises (CDIIQ), the current Operating Income is $-1.03 Mil as of Mar. 2017. 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.

CD International Enterprises Business Description

Industry Industrials Industrial Distribution

Comparable Companies WARM PHOT GRWG ERS HWCC KHDHF HBP LAWS NL WJXFF HZN TITN PKOH FBM DXPE BGC WAIR SIIGF SITE AIT

Address 431 Fairway Drive, Suite 200, Deerfield Beach, FL, USA, 33441

Website http://www.cdii.net

CD International Enterprises Inc is the United States based company that sources and distributes industrial products in China and the Americas. The company also provides business and management consulting services to public and private American and Chinese businesses. It operates in two identifiable segments - Trading and Consulting. The Trading segment is engaged in sources and distribution of industrial commodities from North and South America for ultimate distribution in China. The Consulting segment provides business and management consulting services to the United States public companies that operate primarily in China.