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BAIOO Family Interactive (HKSE:02100) Operating Income : HK$-42.0 Mil (TTM As of Jun. 2024)


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What is BAIOO Family Interactive Operating Income?

BAIOO Family Interactive's Operating Income for the six months ended in Jun. 2024 was HK$-27.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-42.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BAIOO Family Interactive's Operating Income for the six months ended in Jun. 2024 was HK$-27.6 Mil. BAIOO Family Interactive's Revenue for the six months ended in Jun. 2024 was HK$293.1 Mil. Therefore, BAIOO Family Interactive's Operating Margin % for the quarter that ended in Jun. 2024 was -9.43%.

BAIOO Family Interactive'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. BAIOO Family Interactive's annualized ROC % for the quarter that ended in Jun. 2024 was -6.66%. BAIOO Family Interactive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -6.74%.


BAIOO Family Interactive Operating Income Historical Data

The historical data trend for BAIOO Family Interactive'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.

BAIOO Family Interactive Operating Income Chart

BAIOO Family Interactive 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 250.78 41.05 -41.75 -54.29 -41.79

BAIOO Family Interactive Semi-Annual Data
Jun15 Dec15 Jun16 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 Premium Member Only Premium Member Only 29.29 -41.85 -12.44 -27.65 -14.37

BAIOO Family Interactive 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$-42.0 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.


BAIOO Family Interactive  (HKSE:02100) Operating Income Explanation

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

BAIOO Family Interactive'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 )
=-55.298 * ( 1 - 0.53% )/( (810.99 + 840.726)/ 2 )
=-55.0049206/825.858
=-6.66 %

where

Invested Capital(Q: Dec. 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))
=2100.164 - 90.788 - ( 1342.975 - max(0, 261.652 - 1460.038+1342.975))
=810.99

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))
=2030.964 - 110.145 - ( 1245.769 - max(0, 274.313 - 1354.406+1245.769))
=840.726

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:

BAIOO Family Interactive'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 )
=-30.866/( ( (443.032 + max(-158.581, 0)) + (472.425 + max(-183.303, 0)) )/ 2 )
=-30.866/( ( 443.032 + 472.425 )/ 2 )
=-30.866/457.7285
=-6.74 %

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)
=(31.966 + 0.125 + 52.303) - (90.788 + 0 + 152.187)
=-158.581

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(28.096 + 0.086 + 43.985) - (110.145 + 0 + 145.325)
=-183.303

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 %:

BAIOO Family Interactive'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 )
=-27.649/293.126
=-9.43 %

* 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.


BAIOO Family Interactive Operating Income Related Terms

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BAIOO Family Interactive Business Description

Traded in Other Exchanges
N/A
Address
34 Floor, Goldchi Building, 120 Huangpu W Ave, Tianhe, Guangdong, Guangzhou, CHN, 510623
BAIOO Family Interactive Ltd is an investment holding company mainly engaged in the online entertainment business. The Company operates two segments: the Online Entertainment Business segment and the Other Businesses segment. The Online Entertainment Business segment develops, operates and exclusively distributes network virtual world business and other online game businesses. The Company focuses on three niche game genres, deepening its development in female-oriented games, pet collection and raising games, and nijigen games, involving computer games and mobile games in a region.
Executives
Baiduo Investment Holding Limited 2306 Nominee for another person
Tmf (cayman) Ltd. 2301 Trustee
Dae Holding Investments Limited 2201 Interest of corporation controlled by you
Stmoritz Investment Limited 2101 Beneficial owner
The Core Trust Company Limited 2301 Trustee
Tct (bvi) Limited 2501 Other
Dai Jian 2501 Other
Bright Stream Holding Limited 2101 Beneficial owner
Whez Holding Ltd. 2201 Interest of corporation controlled by you
Wu Lili 2307 Founder of a discretionary trust who can infl
Tencent Holdings Limited

BAIOO Family Interactive Headlines

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