CTVIF (China Travel International Investment Hong Kong) Operating Income: $38.7 Mil (TTM As of Dec. 2025)


CTVIF China Travel International Investment Hong Kong Ltd CTVIF
56 GF Score
Price $0.09
GF Value $0.20
Valuation Possible Value Trap
! 6 Warning Signs
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What is China Travel International Investment Hong Kong Operating Income?

China Travel International Investment Hong Kong CTVIF -17.50% 56 Operating Income is $38.7 Mil as of Dec. 2025. GuruFocus rates CTVIF with a GF Score™ of 56/100 and a GF Value™ of $0.20 (Possible Value Trap). The stock has 6 warning signs investors should review.

China Travel International Investment Hong Kong's Operating Income for the six months ended in Dec. 2025 was $32.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $38.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Travel International Investment Hong Kong's Operating Income for the six months ended in Dec. 2025 was $32.7 Mil. China Travel International Investment Hong Kong's Revenue for the six months ended in Dec. 2025 was $270.3 Mil. Therefore, China Travel International Investment Hong Kong's Operating Margin % for the quarter that ended in Dec. 2025 was 12.11%.

China Travel International Investment Hong Kong'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. China Travel International Investment Hong Kong's annualized ROC % for the quarter that ended in Dec. 2025 was 2.30%. China Travel International Investment Hong Kong's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.92%.

China Travel International Investment Hong Kong  (OTCPK:CTVIF) Operating Income Explanation

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

China Travel International Investment Hong Kong's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=65.432 * ( 1 - 20.03% )/( (2446.893 + 2105.272)/ 2 )
=52.3259704/2276.0825
=2.30 %

where

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))
=3208.786 - 398.315 - ( 363.578 - max(0, 544.172 - 1091.228+363.578))
=2446.893

Invested Capital(Q: Dec. 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))
=2355.208 - 175.464 - ( 384.506 - max(0, 407.913 - 482.385+384.506))
=2105.272

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

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

China Travel International Investment Hong Kong's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=110.526/( ( (1227.396 + max(223.871, 0)) + (1028.123 + max(-184.515, 0)) )/ 2 )
=110.526/( ( 1451.267 + 1028.123 )/ 2 )
=110.526/1239.695
=8.92 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.321 + 593.189 + 0.67600000000016) - (398.315 + 0 + 0)
=223.871

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.691 + 17.591 + 0.14400000000001) - (175.464 + 0 + 56.477)
=-184.515

When net working capital is negative, 0 is used.

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

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

China Travel International Investment Hong Kong's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=32.716/270.261
=12.11 %

* 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.

China Travel International Investment Hong Kong Operating Income Related Terms

China Travel International Investment Hong Kong Operating Income Historical Data

* Premium members only.

The historical data trend for China Travel International Investment Hong Kong'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.

China Travel International Investment Hong Kong Operating Income Chart

China Travel International Investment Hong Kong Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -60.55 -90.85 58.95 77.66 38.70

China Travel International Investment Hong Kong Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 29.62 21.45 56.12 5.93 32.72
CTVIF
56GF Score
China Travel International Investment Hong Kong Ltd CTVIF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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China Travel International Investment Hong Kong 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $38.7 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 $38.7 Mil mean?
China Travel International Investment Hong Kong (CTVIF) has a Operating Income of $38.7 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Travel International Investment Hong Kong and its competitors.
Is China Travel International Investment Hong Kong's Operating Income too high?
China Travel International Investment Hong Kong's current Operating Income is $38.7 Mil. Overall, China Travel International Investment Hong Kong has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Travel International Investment Hong Kong's Operating Income compare to AS and HAS?
China Travel International Investment Hong Kong's Operating Income of $38.7 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 China Travel International Investment Hong Kong and its competitors. China Travel International Investment Hong Kong's current Operating Income is $38.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Travel International Investment Hong Kong stock overvalued right now?
Based on GuruFocus' analysis, China Travel International Investment Hong Kong (CTVIF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.20, compared to a current price of $0.09 — trading 53.3% below its estimated fair value. The current Operating Income is $38.7 Mil. China Travel International Investment Hong Kong's overall GF Score™ is 56/100 with 6 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 China Travel International Investment Hong Kong (CTVIF), the current Operating Income is $38.7 Mil as of Dec. 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 China Travel International Investment Hong Kong (CTVIF) Overvalued in 2026?

Based on GuruFocus' analysis, China Travel International Investment Hong Kong stock appears to be undervalued. The current stock price of $0.09 is trading 53.3% below its estimated GF Value™ of $0.20. GuruFocus considers China Travel International Investment Hong Kong to be Possible Value Trap.

Key valuation signals for CTVIF:

  • Operating Income: $38.7 Mil
  • GF Value™: $0.20 vs. price of $0.09 (53.3% below fair value)
  • GF Score™: 56/100 with 6 warning signs

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

China Travel International Investment Hong Kong Business Description

Other Exchanges 00308:Hong KongCTI:Germany
Address 78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG
China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel document and related operations, tourist attractions and related operations, hotel operations, and passenger transportation operations. The company derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the majority portion of the company's revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.
56GF Score

Get the complete analysis for CTVIF

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

$0.09
Price
$0.20
GF Value