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Intron Technology Holdings (HKSE:01760) Operating Income : HK$332 Mil (TTM As of Dec. 2024)


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What is Intron Technology Holdings Operating Income?

Intron Technology Holdings's Operating Income for the six months ended in Dec. 2024 was HK$163 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was HK$332 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Intron Technology Holdings's Operating Income for the six months ended in Dec. 2024 was HK$163 Mil. Intron Technology Holdings's Revenue for the six months ended in Dec. 2024 was HK$4,119 Mil. Therefore, Intron Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2024 was 3.95%.

Warning Sign:

Intron Technology Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

Intron Technology Holdings's 5-Year average Growth Rate for Operating Margin % was -2.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Intron Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2024 was 9.20%. Intron Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 11.28%.


Intron Technology Holdings Operating Income Historical Data

The historical data trend for Intron 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.

* Premium members only.

Intron Technology Holdings Operating Income Chart

Intron Technology Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 102.48 283.58 589.02 418.42 330.71

Intron Technology Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 362.76 239.48 178.94 169.40 162.71

Intron 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$332 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.


Intron Technology Holdings  (HKSE:01760) Operating Income Explanation

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

Intron Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=325.414 * ( 1 - -11.29% )/( (3928.725 + 3941.177)/ 2 )
=362.1532406/3934.951
=9.20 %

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))
=6268.662 - 1551.384 - ( 788.553 - max(0, 3323.093 - 5131.642+788.553))
=3928.725

Invested Capital(Q: Dec. 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))
=6523.768 - 1604.381 - ( 978.21 - max(0, 3545.513 - 5378.105+978.21))
=3941.177

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

Intron Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=324.35/( ( (367.395 + max(2639.656, 0)) + (351.501 + max(2390.598, 0)) )/ 2 )
=324.35/( ( 3007.051 + 2742.099 )/ 2 )
=324.35/2874.575
=11.28 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1716.486 + 1669.754 + 873.977) - (1551.384 + 0 + 69.177)
=2639.656

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2454.286 + 1423.171 + 176.72) - (1604.381 + 0 + 59.198)
=2390.598

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

Intron Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=162.707/4119.172
=3.95 %

* 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.


Intron Technology Holdings Operating Income Related Terms

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Intron Technology Holdings Business Description

Traded in Other Exchanges
Address
22 Science Park East Avenue, Unit 703&705, 7th Floor, Building 22E, Hong Kong Science Park, Pak Shek Kok Shatin, New Territories, Hong Kong, HKG
Intron Technology, founded in 2001 and listed in July 2018, is an automotive electronics solutions provider in China. It focuses on providing solutions targeting critical automotive electronic components applied in new energy, body control, safety, automated vehicles and powertrain systems. It utilizes research and development and engineering capabilities to provide solutions incorporating advanced semiconductor devices. About two thirds of its employees belong to R&D. The firm's primary function is design, although it is paid for this design through the distribution of semiconductor-based solutions. The group offers solutions mainly to original equipment manufacturers, Tier 1, and other suppliers in the auto industry. Its customers are mainly based in China.
Executives
Chan Cheung Ngai 2201 Interest of corporation controlled by you
Luk Wing Ming 2201 Interest of corporation controlled by you
Magnate Era Limited 2101 Beneficial owner
Heroic Mind Limited 2101 Beneficial owner
Treasure Map Ventures Limited 2101 Beneficial owner
Zenith Benefit Investments Limited 2101 Beneficial owner

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