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Analogue Holdings (HKSE:01977) Operating Income : HK$293 Mil (TTM As of Dec. 2024)


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What is Analogue Holdings Operating Income?

Analogue Holdings's Operating Income for the six months ended in Dec. 2024 was HK$177 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was HK$293 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Analogue Holdings's Operating Income for the six months ended in Dec. 2024 was HK$177 Mil. Analogue Holdings's Revenue for the six months ended in Dec. 2024 was HK$3,185 Mil. Therefore, Analogue Holdings's Operating Margin % for the quarter that ended in Dec. 2024 was 5.55%.

Warning Sign:

Analogue Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -11.3%.

Analogue Holdings's 5-Year average Growth Rate for Operating Margin % was -11.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Analogue Holdings's annualized ROC % for the quarter that ended in Dec. 2024 was 7.87%. Analogue Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 16.19%.


Analogue Holdings Operating Income Historical Data

The historical data trend for Analogue 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.

Analogue Holdings Operating Income Chart

Analogue Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only 332.33 267.00 342.85 154.63 293.07

Analogue Holdings Semi-Annual Data
Dec16 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 309.25 133.85 20.78 116.26 176.82

Analogue 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$293 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.


Analogue Holdings  (HKSE:01977) Operating Income Explanation

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

Analogue 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 )
=353.634 * ( 1 - 21.72% )/( (3539.337 + 3493.653)/ 2 )
=276.8246952/3516.495
=7.87 %

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))
=5345.397 - 703.503 - ( 1147.345 - max(0, 2779.927 - 3882.484+1147.345))
=3539.337

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))
=5200.032 - 670.443 - ( 1035.936 - max(0, 2632.556 - 3699.448+1035.936))
=3493.653

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:

Analogue 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 )
=154.972/( ( (962.581 + max(-1317.438, 0)) + (951.324 + max(-1316.02, 0)) )/ 2 )
=154.972/( ( 962.581 + 951.324 )/ 2 )
=154.972/956.9525
=16.19 %

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)
=(1012.076 + 82.742 + 175.185) - (703.503 + 0 + 1883.938)
=-1317.438

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(816.8 + 81.931 + 156.964) - (670.443 + 0 + 1701.272)
=-1316.02

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 %:

Analogue 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 )
=176.817/3184.761
=5.55 %

* 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.


Analogue Holdings Operating Income Related Terms

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Analogue Holdings Business Description

Traded in Other Exchanges
N/A
Address
510 King’s Road, 13th Floor, Island Place Tower, North Point, Hong Kong, HKG
Analogue Holdings Ltd is engaged in the provision of electrical and mechanical engineering building services, including the design, installation, testing and commissioning, and maintenance of heating, ventilation & air-conditioning systems, fire service systems, plumbing and drainage systems & electrical and extra low voltage system; total solutions for the design, construction, operation and maintenance of environmental engineering systems for treatment of sewage, water, solid waste, sludge & gas; total solution for the design, hardware and software development, installation and maintenance of infrastructure communications and security and access systems; and total solution for design, supply of a wide range lifts and escalators offered under the trade name of Anlev Elex and TEI.
Executives
Webb David Michael 2201 Interest of corporation controlled by you
Poon Lok To Otto 2101 Beneficial owner
Cheng Teresa Yeuk Wah 2202 Interest of your spouse
Ardik Investment Limited 2201 Interest of corporation controlled by you
Arling Investment Limited 2101 Beneficial owner
Hsbc International Trustee Limited 2301 Trustee

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