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iMotion Automotive Technology (Suzhou) Co (HKSE:01274) Operating Income : HK$-196 Mil (TTM As of Jun. 2024)


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What is iMotion Automotive Technology (Suzhou) Co Operating Income?

iMotion Automotive Technology (Suzhou) Co's Operating Income for the six months ended in Jun. 2024 was HK$-94 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-196 Mil.

Warning Sign:

iMotion Automotive Technology (Suzhou) Co Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. iMotion Automotive Technology (Suzhou) Co's Operating Income for the six months ended in Jun. 2024 was HK$-94 Mil. iMotion Automotive Technology (Suzhou) Co's Revenue for the six months ended in Jun. 2024 was HK$685 Mil. Therefore, iMotion Automotive Technology (Suzhou) Co's Operating Margin % for the quarter that ended in Jun. 2024 was -13.72%.

iMotion Automotive Technology (Suzhou) 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. iMotion Automotive Technology (Suzhou) Co's annualized ROC % for the quarter that ended in Jun. 2024 was -27.93%. iMotion Automotive Technology (Suzhou) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -49.89%.


iMotion Automotive Technology (Suzhou) Co Operating Income Historical Data

The historical data trend for iMotion Automotive Technology (Suzhou) 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.

iMotion Automotive Technology (Suzhou) Co Operating Income Chart

iMotion Automotive Technology (Suzhou) Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Income
-50.32 -65.12 -64.73 -223.34

iMotion Automotive Technology (Suzhou) Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Operating Income Get a 7-Day Free Trial -61.79 -5.87 -121.05 -102.29 -93.97

iMotion Automotive Technology (Suzhou) 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$-196 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.


iMotion Automotive Technology (Suzhou) Co  (HKSE:01274) Operating Income Explanation

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

iMotion Automotive Technology (Suzhou) 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 )
=-187.938 * ( 1 - -0.03% )/( (465.348 + 880.93)/ 2 )
=-187.9943814/673.139
=-27.93 %

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))
=1829.402 - 318.255 - ( 1045.799 - max(0, 557.755 - 1649.819+1045.799))
=465.348

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))
=1721.614 - 262.779 - ( 577.905 - max(0, 533.408 - 1448.059+577.905))
=880.93

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:

iMotion Automotive Technology (Suzhou) 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 )
=-207.574/( ( (157.126 + max(268.625, 0)) + (220.385 + max(185.961, 0)) )/ 2 )
=-207.574/( ( 425.751 + 406.346 )/ 2 )
=-207.574/416.0485
=-49.89 %

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)
=(239.639 + 280.026 + 84.355) - (318.255 + 0 + 17.14)
=268.625

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 373.089 + 86.557) - (262.779 + 0 + 10.906)
=185.961

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 %:

iMotion Automotive Technology (Suzhou) 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 )
=-93.969/684.851
=-13.72 %

* 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.


iMotion Automotive Technology (Suzhou) Co Operating Income Related Terms

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iMotion Automotive Technology (Suzhou) Co Business Description

Traded in Other Exchanges
N/A
Address
19/F and 20/F Building G2, 88 Jinji Lake Avenue, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN
iMotion Automotive Technology (Suzhou) Co Ltd is an autonomous driving solution provider in China with a focus on AD domain controllers. It offers a wide range of autonomous driving solutions and products and also provides OEMs with various AD domain control units. It has commercialized two AD domain controller product lines that support level 2 to level 2+ autonomous driving functions, covering a wide price range of passenger vehicles and all types of driving scenarios, including highways, ring roads, complex urban roads, country roads, and parking areas. In addition to SuperVisionTM, it also provides self-designed and self-developed iDC series which includes iDC Mid and iDC High.
Executives
Song Yang 2101 Beneficial owner
Su Zhou Zi Chi Guan Li Zi Xun Qi Ye You Xian He Huo 2101 Beneficial owner
Hl Klemove Corp. 2201 Interest of corporation controlled by you
Li Shuangjiang 2201 Interest of corporation controlled by you
Su Zhou Lan Chi Guan Li Zi Xun Qi Ye You Xian He Huo 2101 Beneficial owner
Lu Yukun 2201 Interest of corporation controlled by you
Shen Zhen Guo Zhong Chuang Ye Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Zhen Guo Zhong Zhong Xiao Qi Ye Fa Zhan Si Mu Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Hu 2101 Beneficial owner
Shi Anping 2201 Interest of corporation controlled by you
Hl Mando Corporation 2201 Interest of corporation controlled by you
Han Na Ke Rui Dong Dian Zi Su Zhou You Xian Gong Si 2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Zhong Guo Guo You Qi Ye Hun He Suo You Zhi Gai Ge Ji Jin You Xian Gong Si 2101 Beneficial owner
Huang Mingming 2201 Interest of corporation controlled by you
Jia Xing Zi Zhi Yi Hao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo 2101 Beneficial owner

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