V.S. International Group (HKSE:01002) Operating Income: HK$-24.4 Mil (TTM As of Jun. 2025)

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What is V.S. International Group Operating Income?

V.S. International Group HKSE:01002 +4.17% Operating Income is HK$-24.4 Mil as of Jun. 2025. The stock has 2 warning signs investors should review.

V.S. International Group's Operating Income for the six months ended in Jun. 2025 was HK$12.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was HK$-24.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. V.S. International Group's Operating Income for the six months ended in Jun. 2025 was HK$12.3 Mil. V.S. International Group's Revenue for the six months ended in Jun. 2025 was HK$245.3 Mil. Therefore, V.S. International Group's Operating Margin % for the quarter that ended in Jun. 2025 was 5.02%.

V.S. International 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. V.S. International Group's annualized ROC % for the quarter that ended in Jun. 2025 was 2.24%. V.S. International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 9.17%.

V.S. International Group  (HKSE:01002) Operating Income Explanation

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

V.S. International Group's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=24.61 * ( 1 - 38.44% )/( (527.659 + 827.652)/ 2 )
=15.149916/677.6555
=2.24 %

where

Invested Capital(Q: Jul. 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))
=638.603 - 66.117 - ( 91.046 - max(0, 218.18 - 263.007+91.046))
=527.659

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))
=929.871 - 60.665 - ( 67.948 - max(0, 187.104 - 228.658+67.948))
=827.652

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

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

V.S. International Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=29.46/( ( (350.679 + max(63.552, 0)) + (174.129 + max(54.184, 0)) )/ 2 )
=29.46/( ( 414.231 + 228.313 )/ 2 )
=29.46/321.272
=9.17 %

where Working Capital is:

Working Capital(Q: Jul. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.794 + 91.391 + 14.148) - (66.117 + 0 + 35.664)
=63.552

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68.977 + 81.716 + 2.159) - (60.665 + 0 + 38.003)
=54.184

When net working capital is negative, 0 is used.

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

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

V.S. International Group's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2025 )/Revenue (Q: Jun. 2025 )
=12.305/245.314
=5.02 %

* 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.

V.S. International Group Operating Income Related Terms

V.S. International Group Operating Income Historical Data

* Premium members only.

The historical data trend for V.S. International 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.

V.S. International Group Operating Income Chart

V.S. International Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -70.98 3.81 10.02 -27.00 -15.68

V.S. International Group Semi-Annual Data
Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jun25
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 -11.98 -4.37 -19.31 -36.73 12.31

V.S. International 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-24.4 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 HK$-24.4 Mil mean?
V.S. International Group (HKSE:01002) has a Operating Income of HK$-24.4 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on V.S. International Group and its competitors.
Is V.S. International Group's Operating Income too high?
V.S. International Group's current Operating Income is HK$-24.4 Mil.
How does V.S. International Group's Operating Income compare to LIN and SHW?
V.S. International Group's Operating Income of HK$-24.4 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 V.S. International Group and its competitors. V.S. International Group's current Operating Income is HK$-24.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V.S. International Group stock overvalued right now?
Based on GuruFocus' analysis, V.S. International Group (HKSE:01002) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.19, compared to a current price of HK$0.05 — trading 73.7% below its estimated fair value. The current Operating Income is HK$-24.4 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 V.S. International Group (HKSE:01002), the current Operating Income is HK$-24.4 Mil as of Jun. 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.

V.S. International Group Business Description

Address 1 Connaught Place, 40th Floor, Jardine House, Central, Hong kong, HKG
V.S. International Group Ltd is an investment holding company. It is engaged in the plastic injection and moulding business. It operates in three segments. The Plastic injection and moulding segment, which is the key revenue driver, manufactures and sells plastic moulded products and parts; the Assembling of electronic products segment assembles and sells electronic products, this segment also includes processing fees generated from assembling electronic products; the Mould design and fabrication segment manufactures and sells plastic injection moulds.