Zhongchang International Holdings Group (HKSE:00859) Operating Income : HK$23.37 Mil (TTM As of Dec. 2023)

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What is Zhongchang International Holdings Group Operating Income?

Zhongchang International Holdings Group's Operating Income for the six months ended in Dec. 2023 was HK$10.64 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$23.37 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zhongchang International Holdings Group's Operating Income for the six months ended in Dec. 2023 was HK$10.64 Mil. Zhongchang International Holdings Group's Revenue for the six months ended in Dec. 2023 was HK$17.40 Mil. Therefore, Zhongchang International Holdings Group's Operating Margin % for the quarter that ended in Dec. 2023 was 61.13%.

Zhongchang International Holdings Group'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. Zhongchang International Holdings Group's annualized ROC % for the quarter that ended in Dec. 2023 was 0.87%. Zhongchang International Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2,682.99%.

Zhongchang International Holdings Group Operating Income Historical Data

The historical data trend for Zhongchang International Holdings 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.

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Zhongchang International Holdings Group Operating Income Chart

Zhongchang International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-1.44

4.00

12.13

20.13

21.74

Zhongchang International Holdings Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Operating Income	Get a 7-Day Free Trial															11.46	8.67	11.11	10.64	12.73

Zhongchang International Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$23.37 Mil.

Zhongchang International Holdings Group (HKSE:00859) Operating Income Explanation

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

Zhongchang International Holdings Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	21.27 * ( 1 - -5.1% )	/	( (2549.151	+	2604.345)	/ 2 )
=	22.35477	/	2576.748
=	0.87 %

where

	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	))
=	1815.143	-	11.826	-	( 41.406	-	max(0, 790.489	-	44.655	+	41.406	))
=	2549.151

	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	))
=	1858.637	-	14.904	-	( 123.047	-	max(0, 886.633	-	126.021	+	123.047	))
=	2604.345

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

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

Zhongchang International Holdings Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-47.006	/	( ( (1.988 + max(-11.288, 0))	+	(1.516 + max(-14.843, 0)) )	/	2 )
=	-47.006	/	( ( 1.988	+	1.516 )	/	2 )
=	-47.006	/	1.752
=	-2,682.99 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.103	+	0	+	0.435)	-	(11.826	+	0	+	0)
=	-11.288

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.061	+	0	+	0)	-	(14.904	+	0	+	0)
=	-14.843

When net working capital is negative, 0 is used.

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

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

Zhongchang International Holdings Group's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	10.635	/	17.396
	=	61.13 %

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.

Zhongchang International Holdings Group Operating Income Related Terms

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Zhongchang International Holdings Group Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhongchang International Holdings Group Ltd (HKSE:00859) » Definitions » Operating Income

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Address

1 Matheson Street, Suite 1711, Tower 2, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.zhongchangintl.hk

Zhongchang International Holdings Group Ltd is an investment holding company. The firm operates in the segments of Property Investment. The Property Investment segment engages in the leasing of investment properties. The company generates all of its revenue from rental income in Hong Kong.

Executives

China Cinda (hk) Asset Management Co., Limited	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Bonds Chan Family Holdings (ptc) Ltd.	2201 Interest of corporation controlled by you
Chen Jianming	2201 Interest of corporation controlled by you
Chen Yanhong	2202 Interest of your spouse
Sansheng Hongye (hong Kong) Limited	2101 Beneficial owner
Shang Hai San Sheng Hong Ye Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Shang Hai San Sheng Fang Di Chan Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
China Cinda (hk) Holdings Company Limited	2201 Interest of corporation controlled by you
Dcp China Credit Fund I, L.p.	2201 Interest of corporation controlled by you
Dignari Capital Partners Gp Limited	2201 Interest of corporation controlled by you
Tan Mei Zie Grace	2201 Interest of corporation controlled by you
Fu Yan	2202 Interest of your spouse
Chen Lijun	2201 Interest of corporation controlled by you

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