iDreamSky Technology Holdings (HKSE:01119) Operating Income : HK$127 Mil (TTM As of Dec. 2023)

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What is iDreamSky Technology Holdings Operating Income?

iDreamSky Technology Holdings's Operating Income for the six months ended in Dec. 2023 was HK$-121 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$127 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. iDreamSky Technology Holdings's Operating Income for the six months ended in Dec. 2023 was HK$-121 Mil. iDreamSky Technology Holdings's Revenue for the six months ended in Dec. 2023 was HK$870 Mil. Therefore, iDreamSky Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was -13.88%.

iDreamSky Technology 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. iDreamSky Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -6.41%. iDreamSky Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -788.11%.

iDreamSky Technology Holdings Operating Income Historical Data

The historical data trend for iDreamSky Technology 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.

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iDreamSky Technology Holdings Operating Income Chart

iDreamSky Technology Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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576.64

385.41

86.03

-1,188.63

126.78

iDreamSky Technology Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Operating Income	Get a 7-Day Free Trial											35.82	-95.05	-1,098.08	247.50	-120.72

iDreamSky Technology 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$127 Mil.

iDreamSky Technology Holdings (HKSE:01119) Operating Income Explanation

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

iDreamSky Technology 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 )
=	-241.432 * ( 1 - 2.74% )	/	( (3870.198	+	3450.869)	/ 2 )
=	-234.8167632	/	3660.5335
=	-6.41 %

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	))
=	4516.025	-	468.312	-	( 320.933	-	max(0, 2077.098	-	2254.613	+	320.933	))
=	3870.198

	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	))
=	4055.374	-	486.361	-	( 288.292	-	max(0, 1743.575	-	1861.719	+	288.292	))
=	3450.869

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:

iDreamSky Technology 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 )
=	-979.928	/	( ( (117.95 + max(-11.541000000001, 0))	+	(130.727 + max(-309.828, 0)) )	/	2 )
=	-979.928	/	( ( 117.95	+	130.727 )	/	2 )
=	-979.928	/	124.3385
=	-788.11 %

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)
=	(613.635	+	0	+	107.527)	-	(468.312	+	0	+	264.391)
=	-11.541000000001

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(403.889	+	0	+	93.401)	-	(486.361	+	0	+	320.757)
=	-309.828

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 %:

iDreamSky Technology 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 )
	=	-120.716	/	869.804
	=	-13.88 %

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.

iDreamSky Technology Holdings Operating Income Related Terms

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iDreamSky Technology Holdings (HKSE:01119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » iDreamSky Technology Holdings Ltd (HKSE:01119) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

08IA:Germany

Address

15 Keyuan Road, 16th Floor, A3 Building, Kexing Science Park, Nanshan District, Shenzhen, CHN, 518057

Website

https://www.idreamsky.com

iDreamSky Technology Holdings Ltd operates a digital entertainment platform in the game publishing market in China. Its gaming portfolio includes role-playing games, endless running games, matching puzzle games and casual competition games among others. The company has two reportable segment: Game and information services segment and IP derivatives business segment.

Executives

Chen Xiangyu	2201 Interest of corporation controlled by you
Brilliant Seed Limited
Tencent Holdings Limited	2201 Interest of corporation controlled by you
Bank Of America Corporation	2201 Interest of corporation controlled by you
Dream Investment Holdings Limited
Dream Technology Holdings Limited
Idreamsky Technology Limited
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Chen Xiangyu
Yong Rong (hk) Asset Management Limited	2102 Investment manager
Tencent Mobility Limited

iDreamSky Technology Holdings (HKSE:01119) Headlines

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