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DTXS Silk Road Investment Holdings Co (HKSE:00620) Operating Income : HK$3.39 Mil (TTM As of Jun. 2024)


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What is DTXS Silk Road Investment Holdings Co Operating Income?

DTXS Silk Road Investment Holdings Co's Operating Income for the six months ended in Jun. 2024 was HK$7.25 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$3.39 Mil.

Warning Sign:

DTXS Silk Road Investment Holdings Co Ltd had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. DTXS Silk Road Investment Holdings Co's Operating Income for the six months ended in Jun. 2024 was HK$7.25 Mil. DTXS Silk Road Investment Holdings Co's Revenue for the six months ended in Jun. 2024 was HK$25.89 Mil. Therefore, DTXS Silk Road Investment Holdings Co's Operating Margin % for the quarter that ended in Jun. 2024 was 28.00%.

DTXS Silk Road Investment Holdings Co'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. DTXS Silk Road Investment Holdings Co's annualized ROC % for the quarter that ended in Jun. 2024 was 0.65%. DTXS Silk Road Investment Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.60%.


DTXS Silk Road Investment Holdings Co Operating Income Historical Data

The historical data trend for DTXS Silk Road Investment Holdings Co'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.

DTXS Silk Road Investment Holdings Co Operating Income Chart

DTXS Silk Road Investment Holdings Co Annual Data
Trend Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.20 1.24 -8.44 484.63 -3.92

DTXS Silk Road Investment Holdings Co Semi-Annual Data
Jul14 Jan15 Jul15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 291.30 193.33 -0.06 -3.86 7.25

DTXS Silk Road Investment Holdings Co 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$3.39 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.


DTXS Silk Road Investment Holdings Co  (HKSE:00620) Operating Income Explanation

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

DTXS Silk Road Investment Holdings Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=14.494 * ( 1 - -21.09% )/( (2772.69 + 2631.08)/ 2 )
=17.5507846/2701.885
=0.65 %

where

Invested Capital(Q: Dec. 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))
=3479.032 - 683.263 - ( 23.079 - max(0, 2493.36 - 3328.203+23.079))
=2772.69

Invested Capital(Q: Jun. 2024 )
=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))
=3593.599 - 953.377 - ( 9.142 - max(0, 1726.02 - 3448.378+9.142))
=2631.08

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

DTXS Silk Road Investment Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.348/( ( (56.129 + max(1484.927, 0)) + (52.373 + max(1702.42, 0)) )/ 2 )
=26.348/( ( 1541.056 + 1754.793 )/ 2 )
=26.348/1647.9245
=1.60 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(153.037 + 2480.933 + 14.49) - (683.263 + 0 + 480.27)
=1484.927

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(161.141 + 2479.44 + 15.216) - (953.377 + 0 + 0)
=1702.42

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

DTXS Silk Road Investment Holdings Co's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=7.247/25.885
=28.00 %

* 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.


DTXS Silk Road Investment Holdings Co Operating Income Related Terms

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DTXS Silk Road Investment Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
183 Queen’s Road Central, 36th floor, Room 3615–16, Cosco Tower, Sheung Wan, Hong Kong, HKG
DTXS Silk Road Investment Holdings Co Ltd is an investment holding company. It operates in three segments: Arts and Cultural Division, which includes auction business and sale of antiques, art financing business and Art Central Business District business; Winery and Trading Division mainly represents the operation of vineyard, production and sale of wines, trading of merchandises (including electronic devices, cosmetics, and other consumer products) and related business; and Property Development Division. Majority of revenue is generated from Property Development Division. Its geographical segments are Mainland China, Hong Kong, and France, of which the majority of its revenue comes from Mainland China.
Executives
Cheng Yu Tung Family (holdings Ii) Limited 2201 Interest of corporation controlled by you
Cheng Yu Tung Family (holdings) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook (holding) Limited 2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited 2201 Interest of corporation controlled by you
New World Development Company Limited 2201 Interest of corporation controlled by you
Ion Tech Limited 2101 Beneficial owner
Chow Tai Fook Enterprises Limited 2201 Interest of corporation controlled by you
Citiplus Investment Limited 2201 Interest of corporation controlled by you
Zhu Ronghua 2202 Interest of your spouse
Da Tang Xi Shi Guo Ji Kong Gu You Xian Gong Si 2101 Beneficial owner
Lu Jianzhong 2201 Interest of corporation controlled by you
Da Tang Xi Shi Guo Ji Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Da Tang Xi Shi Wen Hua Chan Ye Tou Zi Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Right Select International Limited 2201 Interest of corporation controlled by you
China Huarong International Holdings Ltd 2201 Interest of corporation controlled by you

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