Beauty Farm Medical & Health Industry (HKSE:02373) Operating Income : HK$332 Mil (TTM As of Dec. 2024)

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What is Beauty Farm Medical & Health Industry Operating Income?

Beauty Farm Medical & Health Industry's Operating Income for the six months ended in Dec. 2024 was HK$166 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. Beauty Farm Medical & Health Industry's Operating Income for the six months ended in Dec. 2024 was HK$166 Mil. Beauty Farm Medical & Health Industry's Revenue for the six months ended in Dec. 2024 was HK$1,532 Mil. Therefore, Beauty Farm Medical & Health Industry's Operating Margin % for the quarter that ended in Dec. 2024 was 10.86%.

Warning Sign:

Beauty Farm Medical & Health Industry Inc operating margin has been in a 5-year decline. The average rate of decline per year is -4.6%.

Beauty Farm Medical & Health Industry's 5-Year average Growth Rate for Operating Margin % was -4.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beauty Farm Medical & Health Industry's annualized ROC % for the quarter that ended in Dec. 2024 was 6.58%. Beauty Farm Medical & Health Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 38.62%.

Beauty Farm Medical & Health Industry Operating Income Historical Data

The historical data trend for Beauty Farm Medical & Health Industry'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.

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Beauty Farm Medical & Health Industry Operating Income Chart

Beauty Farm Medical & Health Industry Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

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241.58

311.85

145.47

290.82

330.64

Beauty Farm Medical & Health Industry Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Operating Income	Get a 7-Day Free Trial					118.44	156.20	134.62	165.68	166.33

Beauty Farm Medical & Health Industry 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.

Beauty Farm Medical & Health Industry (HKSE:02373) Operating Income Explanation

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

Beauty Farm Medical & Health Industry'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 )
=	332.654 * ( 1 - 19.68% )	/	( (3365.289	+	4750.587)	/ 2 )
=	267.1876928	/	4057.938
=	6.58 %

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	))
=	3670.699	-	434.732	-	( 1686.626	-	max(0, 2256.338	-	2127.016	+	1686.626	))
=	3365.289

	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	))
=	4565.878	-	405.545	-	( 1954.671	-	max(0, 2924.204	-	2333.95	+	1954.671	))
=	4750.587

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:

Beauty Farm Medical & Health Industry'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 )
=	364.282	/	( ( (925.624 + max(-1696.274, 0))	+	(960.751 + max(-2316.139, 0)) )	/	2 )
=	364.282	/	( ( 925.624	+	960.751 )	/	2 )
=	364.282	/	943.1875
=	38.62 %

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)
=	(42.014	+	195.304	+	125.399)	-	(434.732	+	0	+	1624.259)
=	-1696.274

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(52.196	+	162.099	+	137.342)	-	(405.545	+	0	+	2262.231)
=	-2316.139

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 %:

Beauty Farm Medical & Health Industry'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 )
	=	166.327	/	1531.581
	=	10.86 %

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.

Beauty Farm Medical & Health Industry Operating Income Related Terms

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Beauty Farm Medical & Health Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Beauty Farm Medical & Health Industry Inc (HKSE:02373) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

XC5:Germany

Address

No.1089 Dongdaming Road, Unit 1206, 12th Floor, Hongkou District, Shanghai, CHN

Website

https://www.beautyfarm.com.cn

Beauty Farm Medical & Health Industry Inc is an investment holding company. The Company and its subsidiaries are principally engaged in providing beauty and health management service, including traditional beauty services, aesthetic medical services as well as subhealth assessment and intervention services in the People's Republic of China.

Executives

Yao Qian	2201 Interest of corporation controlled by you
Naturade Health Technology Company Limited	2101 Beneficial owner
Naturade Forever Company Limited	2201 Interest of corporation controlled by you
Naturade First Company Limited	2201 Interest of corporation controlled by you
Naturade Beauty Technology Company Limited	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si
Beijing Xinyu Meiye Holdings Limited
Shang Hai Pan Nuo Qi Ye Guan Li Fu Wu You Xian Gong Si
Shang Hai Xin Zhi Yu Yuan Qi Ye Guan Li He Huo Qi Ye You Xian He Huo
Shang Hai You De Gu Quan Tou Zi Zhong Xin You Xian He Huo
Shang Hai Pan Xin Jia Ceng Tou Zi Guan Li You Xian Gong Si
Tian Jin Yan Zhao Qi Ye Guan Li You Xian Gong Si
Citic Securities Company Limited	2201 Interest of corporation controlled by you

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