Da Yu Financial Holdings (HKSE:01073) Operating Income : HK$10.95 Mil (TTM As of Dec. 2023)

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What is Da Yu Financial Holdings Operating Income?

Da Yu Financial Holdings's Operating Income for the six months ended in Dec. 2023 was HK$6.13 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$10.95 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Da Yu Financial Holdings's Operating Income for the six months ended in Dec. 2023 was HK$6.13 Mil. Da Yu Financial Holdings's Revenue for the six months ended in Dec. 2023 was HK$22.21 Mil. Therefore, Da Yu Financial Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was 27.58%.

Da Yu Financial Holdings'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. Da Yu Financial Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.91%. Da Yu Financial Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -7,295.81%.

Da Yu Financial Holdings Operating Income Historical Data

The historical data trend for Da Yu Financial Holdings'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.

Da Yu Financial Holdings Operating Income Chart

Da Yu Financial Holdings Annual Data

Trend

Jun11

Jun12

Jun13

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-12.63

62.59

7.98

32.42

10.95

Da Yu Financial Holdings Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial															3.37	25.96	6.46	4.82	6.13

Da Yu Financial Holdings 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$10.95 Mil.

Da Yu Financial Holdings (HKSE:01073) Operating Income Explanation

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

Da Yu Financial Holdings'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 )
=	12.252 * ( 1 - -0.44% )	/	( (387.942	+	241.846)	/ 2 )
=	12.3059088	/	314.894
=	3.91 %

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	))
=	639.417	-	147.962	-	( 103.513	-	max(0, 151.743	-	278.958	+	103.513	))
=	387.942

	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	))
=	492.532	-	169.541	-	( 81.145	-	max(0, 172.733	-	260.503	+	81.145	))
=	241.846

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:

Da Yu Financial Holdings'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 )
=	-330.318	/	( ( (5.381 + max(-3.148, 0))	+	(3.674 + max(-2.649, 0)) )	/	2 )
=	-330.318	/	( ( 5.381	+	3.674 )	/	2 )
=	-330.318	/	4.5275
=	-7,295.81 %

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)
=	(0.59	+	0	+	144.745)	-	(147.962	+	0	+	0.52100000000002)
=	-3.148

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.041	+	0	+	164.887)	-	(169.541	+	0	+	0.036000000000001)
=	-2.649

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 %:

Da Yu Financial Holdings'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 )
	=	6.126	/	22.213
	=	27.58 %

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.

Da Yu Financial Holdings Operating Income Related Terms

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Da Yu Financial Holdings (HKSE:01073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Da Yu Financial Holdings Ltd (HKSE:01073) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

138 Gloucester Road, Room 1801, 18th Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG

Website

http://www.chinagrotech.com

Da Yu Financial Holdings Ltd is an investment holding company and is engaged in providing financial advisory services. It operates in four segments. The corporate finance advisory services include services incidental to financial advisory, compliance advisory services, placing agency and underwriting services, investment business, and others. The Asset management services include investment advisory services and sundry income derived from the provision of the services. The Securities and related services include the provision of securities broking, underwriting, and placing of securities and investment in securities. The money lending business includes the provision of loan financing and related services. The group mainly has operations located in Hong Kong.

Executives

Victory Gain Ventures Limited	2101 Beneficial owner
Asm Connaught House General Partner V Limited	2201 Interest of corporation controlled by you
Asm Connaught House (master) Fund V Lp	2101 Beneficial owner
Chan Kin	2201 Interest of corporation controlled by you
Argyle Street Management Limited	2201 Interest of corporation controlled by you
Xu Haohao	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Beyond Global Enterprises Limited	2201 Interest of corporation controlled by you
First Steamship Company Limited	2101 Beneficial owner
Argyle Street Management Holdings Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Allied Group Limited	2201 Interest of corporation controlled by you
Cheung Kit Shan Susanna	2202 Interest of your spouse
Lee Wa Lun Warren	2101 Beneficial owner

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