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Raffles Interior (HKSE:01376) Operating Income : HK$0.0 Mil (TTM As of Jun. 2024)


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What is Raffles Interior Operating Income?

Raffles Interior's Operating Income for the six months ended in Jun. 2024 was HK$4.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$0.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Raffles Interior's Operating Income for the six months ended in Jun. 2024 was HK$4.8 Mil. Raffles Interior's Revenue for the six months ended in Jun. 2024 was HK$140.3 Mil. Therefore, Raffles Interior's Operating Margin % for the quarter that ended in Jun. 2024 was 3.44%.

Raffles Interior'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. Raffles Interior's annualized ROC % for the quarter that ended in Jun. 2024 was 2.09%. Raffles Interior's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 89.24%.


Raffles Interior Operating Income Historical Data

The historical data trend for Raffles Interior'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.

Raffles Interior Operating Income Chart

Raffles Interior Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 37.04 -65.59 -1.13 -4.87 8.87

Raffles Interior Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.48 -4.38 13.54 -4.78 4.83

Raffles Interior 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$0.0 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.


Raffles Interior  (HKSE:01376) Operating Income Explanation

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

Raffles Interior'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 )
=9.65 * ( 1 - 64.75% )/( (145.672 + 179.652)/ 2 )
=3.401625/162.662
=2.09 %

where

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))
=254.234 - 32.842 - ( 79.516 - max(0, 172.632 - 214.372+79.516))
=179.652

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:

Raffles Interior'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 )
=5.812/( ( (7.328 + max(-134.304, 0)) + (5.697 + max(-73.952, 0)) )/ 2 )
=5.812/( ( 7.328 + 5.697 )/ 2 )
=5.812/6.5125
=89.24 %

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)
=(23.604 + 0 + 17.166) - (43.824 + 0 + 131.25)
=-134.304

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.095 + 1.063 + 17.68) - (32.842 + 0 + 94.948)
=-73.952

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 %:

Raffles Interior'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 )
=4.825/140.276
=3.44 %

* 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.


Raffles Interior Operating Income Related Terms

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Raffles Interior Business Description

Traded in Other Exchanges
N/A
Address
59 Sungei Kadut Loop, Singapore, SGP, 729490
Raffles Interior Ltd is a Singapore-based investment holding company. The company is principally engaged in the provision of interior fitting-out services. The company's fitting-out services include project management and construction management of the interior fitting-out project, construction and installation of interior fitting-out works, customizing, manufacturing and supply of carpentry/joinery and integral fixtures, and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.
Executives
Low Lek Huat 2201 Interest of corporation controlled by you
Zhong Ji Huan Qiu Qi Ye You Xian Gong Si 2101 Beneficial owner
Union Expert Investment Holding Limited 2101 Beneficial owner
Cao Chengpeng 2201 Interest of corporation controlled by you
Sng Siew Luan Emily 2202 Interest of your spouse
Pan Lulu 2202 Interest of your spouse
Ong Poh Eng 2202 Interest of your spouse
Ng Foo Wah 2201 Interest of corporation controlled by you
Neo Bee Ling Pauline 2202 Interest of your spouse
Chua Boon Par 2201 Interest of corporation controlled by you
Low Lek Hee 2201 Interest of corporation controlled by you
Loke Yoke Mei 2202 Interest of your spouse
Lo Lek Chew 2201 Interest of corporation controlled by you
Lim Bee Peng 2202 Interest of your spouse
Leong Wai Kit 2201 Interest of corporation controlled by you

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