Golden Eagle Retail Group (Golden Eagle Retail Group) Operating Income : $280.6 Mil (TTM As of Jun. 2023)

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What is Golden Eagle Retail Group Operating Income?

Golden Eagle Retail Group's Operating Income for the six months ended in Jun. 2023 was $143.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was $280.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Golden Eagle Retail Group's Operating Income for the six months ended in Jun. 2023 was $143.5 Mil. Golden Eagle Retail Group's Revenue for the six months ended in Jun. 2023 was $389.2 Mil. Therefore, Golden Eagle Retail Group's Operating Margin % for the quarter that ended in Jun. 2023 was 36.88%.

Good Sign:

Golden Eagle Retail Group Ltd operating margin is expanding. Margin expansion is usually a good sign.

Golden Eagle Retail Group's 5-Year average Growth Rate for Operating Margin % was 5.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Golden Eagle Retail Group's annualized ROC % for the quarter that ended in Jun. 2023 was 6.46%. Golden Eagle Retail Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 21.22%.

Golden Eagle Retail Group Operating Income Historical Data

The historical data trend for Golden Eagle Retail Group'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.

Golden Eagle Retail Group Operating Income Chart

Golden Eagle Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Operating Income

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385.37

353.53

323.45

359.26

288.68

Golden Eagle Retail Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Operating Income	Get a 7-Day Free Trial															189.79	167.80	157.81	137.13	143.51

Golden Eagle Retail Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $280.6 Mil.

Golden Eagle Retail Group (OTCPK:GDNEY) Operating Income Explanation

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

Golden Eagle Retail Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	287.028 * ( 1 - 33.06% )	/	( (2907.209	+	3036.99)	/ 2 )
=	192.1365432	/	2972.0995
=	6.46 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	3679.449	-	568.188	-	( 1148.035	-	max(0, 1541.841	-	1745.893	+	1148.035	))
=	2907.209

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	3485.879	-	571.97	-	( 1158.371	-	max(0, 1778.155	-	1655.074	+	1158.371	))
=	3036.99

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

Golden Eagle Retail Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	308.508	/	( ( (1495.76 + max(-530.226, 0))	+	(1411.607 + max(-681.033, 0)) )	/	2 )
=	308.508	/	( ( 1495.76	+	1411.607 )	/	2 )
=	308.508	/	1453.6835
=	21.22 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(193.562	+	378.994	+	16.874)	-	(568.188	+	0	+	551.468)
=	-530.226

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(6.003	+	361.063	+	50.544)	-	(571.97	+	0	+	526.673)
=	-681.033

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

Golden Eagle Retail Group's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	143.514	/	389.153
	=	36.88 %

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.

Golden Eagle Retail Group Operating Income Related Terms

Thank you for viewing the detailed overview of Golden Eagle Retail Group's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Eagle Retail Group (Golden Eagle Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golden Eagle Retail Group Ltd (OTCPK:GDNEY) » Definitions » Operating Income

Traded in Other Exchanges

N/A

Address

No. 888 Yingtian Street, 17th Floor, Block A, Golden Eagle World, Jianye District, Nanjing, CHN

Website

http://www.geretail.com

Golden Eagle Retail Group Ltd is principally engaged in the development and operation of department stores in China. Targeting the mid-to-high end market, the company's stores are primarily located in four provinces and one municipality, including Jiangsu, Anhui, Shaanxi, Yunnan, and Shanghai. In addition to the core function as a department store chain, the company's stores also provide other functions and amenities, such as dining, entertainment, beauty, and personal care, cinemas, and preschool education. Specifically, for the company's stores, the majority of the total gross floor area is located in self-owned properties.

Golden Eagle Retail Group (Golden Eagle Retail Group) Headlines

From GuruFocus

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