Million Hope Industries Holdings (HKSE:01897) Operating Income : HK$14.4 Mil (TTM As of Sep. 2024)

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What is Million Hope Industries Holdings Operating Income?

Million Hope Industries Holdings's Operating Income for the six months ended in Sep. 2024 was HK$4.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was HK$14.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Million Hope Industries Holdings's Operating Income for the six months ended in Sep. 2024 was HK$4.5 Mil. Million Hope Industries Holdings's Revenue for the six months ended in Sep. 2024 was HK$271.7 Mil. Therefore, Million Hope Industries Holdings's Operating Margin % for the quarter that ended in Sep. 2024 was 1.67%.

Warning Sign:

Million Hope Industries Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -13.3%.

Million Hope Industries Holdings's 5-Year average Growth Rate for Operating Margin % was -13.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Million Hope Industries Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was 2.03%. Million Hope Industries Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.15%.

Million Hope Industries Holdings Operating Income Historical Data

The historical data trend for Million Hope Industries 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.

Million Hope Industries Holdings Operating Income Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

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20.49

47.58

26.27

14.73

27.09

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Operating Income	Get a 7-Day Free Trial											-1.50	16.23	17.26	9.83	4.52

Million Hope Industries 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$14.4 Mil.

Million Hope Industries Holdings (HKSE:01897) Operating Income Explanation

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

Million Hope Industries Holdings's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	9.048 * ( 1 - 7.18% )	/	( (411.548	+	416.947)	/ 2 )
=	8.3983536	/	414.2475
=	2.03 %

where

	Invested Capital		(Q: Mar. 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	))
=	648.008	-	43.134	-	( 193.326	-	max(0, 74.949	-	428.777	+	193.326	))
=	411.548

	Invested Capital		(Q: Sep. 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	))
=	657.511	-	46.562	-	( 194.002	-	max(0, 84.027	-	440.477	+	194.002	))
=	416.947

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

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

Million Hope Industries Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	16.58	/	( ( (113.548 + max(64.447, 0))	+	(111.882 + max(72.351, 0)) )	/	2 )
=	16.58	/	( ( 177.995	+	184.233 )	/	2 )
=	16.58	/	181.114
=	9.15 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(89.788	+	42.541	+	6.884)	-	(43.134	+	0	+	31.632)
=	64.447

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(132.095	+	15.489	+	8.139)	-	(46.562	+	0	+	36.81)
=	72.351

When net working capital is negative, 0 is used.

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

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

Million Hope Industries Holdings's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4.524	/	271.676
	=	1.67 %

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.

Million Hope Industries Holdings Operating Income Related Terms

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Million Hope Industries Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.

Executives

Ccm Trust (cayman) Limited
Webb David Michael	2201 Interest of corporation controlled by you
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

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