Hao Tian International Construction Investment Group (HKSE:01341) Operating Income : HK$9.0 Mil (TTM As of Sep. 2023)

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What is Hao Tian International Construction Investment Group Operating Income?

Hao Tian International Construction Investment Group's Operating Income for the six months ended in Sep. 2023 was HK$-1.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was HK$9.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hao Tian International Construction Investment Group's Operating Income for the six months ended in Sep. 2023 was HK$-1.0 Mil. Hao Tian International Construction Investment Group's Revenue for the six months ended in Sep. 2023 was HK$86.0 Mil. Therefore, Hao Tian International Construction Investment Group's Operating Margin % for the quarter that ended in Sep. 2023 was -1.16%.

Hao Tian International Construction Investment 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. Hao Tian International Construction Investment Group's annualized ROC % for the quarter that ended in Sep. 2023 was -0.08%. Hao Tian International Construction Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -23.12%.

Hao Tian International Construction Investment Group Operating Income Historical Data

The historical data trend for Hao Tian International Construction Investment 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.

* Premium members only.

Hao Tian International Construction Investment Group Operating Income Chart

Hao Tian International Construction Investment Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

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-29.14

-6.00

30.00

11.00

27.00

Hao Tian International Construction Investment Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Operating Income	Get a 7-Day Free Trial													-5.00	16.00	17.00	10.00	-1.00

Hao Tian International Construction Investment 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$9.0 Mil.

Hao Tian International Construction Investment Group (HKSE:01341) Operating Income Explanation

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

Hao Tian International Construction Investment Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-2 * ( 1 - -3.66% )	/	( (2606	+	2598)	/ 2 )
=	-2.0732	/	2602
=	-0.08 %

where

	Invested Capital		(Q: Mar. 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	))
=	3489	-	600	-	( 283	-	max(0, 968	-	1731	+	283	))
=	2606

	Invested Capital		(Q: Sep. 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	))
=	2780	-	48	-	( 134	-	max(0, 425	-	1049	+	134	))
=	2598

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

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

Hao Tian International Construction Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-146	/	( ( (232 + max(400, 0))	+	(230 + max(401, 0)) )	/	2 )
=	-146	/	( ( 632	+	631 )	/	2 )
=	-146	/	631.5
=	-23.12 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(91	+	353	+	556)	-	(600	+	0	+	0)
=	400

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(111	+	331	+	7)	-	(48	+	0	+	0)
=	401

When net working capital is negative, 0 is used.

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

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

Hao Tian International Construction Investment Group's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-1	/	86
	=	-1.16 %

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.

Hao Tian International Construction Investment Group Operating Income Related Terms

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Hao Tian International Construction Investment Group (HKSE:01341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hao Tian International Construction Investment Group Ltd (HKSE:01341) » Definitions » Operating Income

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HAOTF:USA

Address

6-8 Harbour Road, Rooms 2510-2518, 25th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.haotianint.com.hk

Hao Tian International Construction Investment Group Ltd is an investment holding company. The company's operating segment includes the Rental and sale of construction machinery and spare parts business which generates majority revenue to the business; Provision of repair and maintenance and transportation service business; Money lending business; Provision of asset management, securities brokerage, commodities, futures, and other financial services business and Property development business. The company operates in Hong Kong, The People's Republic of China, Macau, and Cambodia geographically.

Executives

Aceso Life Science Group Limited	2201 Interest of corporation controlled by you
Asia Link Capital Investment Holdings Limited	2201 Interest of corporation controlled by you
Win Team Investments Limited	2201 Interest of corporation controlled by you
Hao Tian Management (china) Limited	2101 Beneficial owner
Li Shao Yu	2201 Interest of corporation controlled by you
Yi Tai Gu Fen Xiang Gang You Xian Gong Si	2101 Beneficial owner
Nei Meng Gu Yi Tai Mei Tan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Lin Yuan	2101 Beneficial owner
Hao Tian Management (hong Kong) Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares
Su Junhao	2101 Beneficial owner
Soaring Wealth Ventures Limited	2101 Beneficial owner

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