Dekon Food and Agriculture Group (HKSE:02419) Operating Income: HK$-1,325 Mil (TTM As of Jun. 2026)

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HKSE:02419 Dekon Food and Agriculture Group HKSE:02419
64 GF Score
Price HK$60.70
GF Value HK$65.86
Valuation Fairly Valued
! 3 Warning Signs
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What is Dekon Food and Agriculture Group Operating Income?

Dekon Food and Agriculture Group HKSE:02419 -0.49% 64 Operating Income is HK$-1,325 Mil as of Jun. 2026. GuruFocus rates HKSE:02419 with a GF Score™ of 64/100 and a GF Value™ of HK$65.86 (Fairly Valued). The stock has 3 warning signs investors should review.

Dekon Food and Agriculture Group's Operating Income for the six months ended in Jun. 2026 was HK$-1,559 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was HK$-1,325 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dekon Food and Agriculture Group's Operating Income for the six months ended in Jun. 2026 was HK$-1,559 Mil. Dekon Food and Agriculture Group's Revenue for the six months ended in Jun. 2026 was HK$11,670 Mil. Therefore, Dekon Food and Agriculture Group's Operating Margin % for the quarter that ended in Jun. 2026 was -13.36%.

Dekon Food and Agriculture Group'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. Dekon Food and Agriculture Group's annualized ROC % for the quarter that ended in Jun. 2026 was -19.15%. Dekon Food and Agriculture Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -23.70%.


Dekon Food and Agriculture Group  (HKSE:02419) Operating Income Explanation

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

Dekon Food and Agriculture Group's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-3118.77 * ( 1 - 0% )/( (14787.875 + 17784.694)/ 2 )
=-3118.77/16286.2845
=-19.15 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=25910.75 - 7610.825 - ( 5237.059 - max(0, 9223.548 - 12735.598+5237.059))
=14787.875

Invested Capital(Q: Jun. 2026 )
=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))
=28538.579 - 9247.857 - ( 5896.612 - max(0, 12955.245 - 14461.273+5896.612))
=17784.694

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

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

Dekon Food and Agriculture Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-2660.526/( ( (10980.936 + max(-813.445, 0)) + (11471.629 + max(-1469.191, 0)) )/ 2 )
=-2660.526/( ( 10980.936 + 11471.629 )/ 2 )
=-2660.526/11226.2825
=-23.70 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48.629 + 6825.114 + 449.506) - (7610.825 + 0 + 525.869)
=-813.445

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53.018 + 7522.642 + 757.526) - (9247.857 + 0 + 554.52)
=-1469.191

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

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

Dekon Food and Agriculture Group's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-1559.385/11669.841
=-13.36 %

* 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.


Dekon Food and Agriculture Group Operating Income Related Terms


Dekon Food and Agriculture Group Operating Income Historical Data

* Premium members only.

The historical data trend for Dekon Food and Agriculture Group'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.

Dekon Food and Agriculture Group Operating Income Chart

Dekon Food and Agriculture Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -3,558.29 1,446.41 -2,102.46 3,864.54 1,721.84

Dekon Food and Agriculture Group Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,091.24 1,790.54 1,471.99 234.14 -1,559.39
HKSE:02419
64GF Score
Dekon Food and Agriculture Group HKSE:02419
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dekon Food and Agriculture Group 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-1,325 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of HK$-1,325 Mil mean?
Dekon Food and Agriculture Group (HKSE:02419) has a Operating Income of HK$-1,325 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dekon Food and Agriculture Group and its competitors.
Is Dekon Food and Agriculture Group's Operating Income too high?
Dekon Food and Agriculture Group's current Operating Income is HK$-1,325 Mil. Overall, Dekon Food and Agriculture Group has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dekon Food and Agriculture Group's Operating Income compare to ADM and BG?
Dekon Food and Agriculture Group's Operating Income of HK$-1,325 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dekon Food and Agriculture Group and its competitors. Dekon Food and Agriculture Group's current Operating Income is HK$-1,325 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dekon Food and Agriculture Group stock overvalued right now?
Based on GuruFocus' analysis, Dekon Food and Agriculture Group (HKSE:02419) is currently considered Fairly Valued. The stock's GF Value™ is HK$65.86, compared to a current price of HK$60.70 — trading 7.8% below its estimated fair value. The current Operating Income is HK$-1,325 Mil. Dekon Food and Agriculture Group's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Dekon Food and Agriculture Group (HKSE:02419), the current Operating Income is HK$-1,325 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dekon Food and Agriculture Group (HKSE:02419) Overvalued in 2026?

Based on GuruFocus' analysis, Dekon Food and Agriculture Group stock appears to be undervalued. The current stock price of HK$60.70 is trading 7.8% below its estimated GF Value™ of HK$65.86. GuruFocus considers Dekon Food and Agriculture Group to be Fairly Valued.

Key valuation signals for HKSE:02419:

  • Operating Income: HK$-1,325 Mil
  • GF Value™: HK$65.86 vs. price of HK$60.70 (7.8% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the HKSE:02419 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dekon Food and Agriculture Group Business Description

Address 32 Lingang Road, Unit 901-909, 9th Floor, Building 2, Chengdu East Aviation Centre, Shuangliu District, Sichuan Province, Chengdu, CHN
Dekon Food and Agriculture Group is engaged in livestock and poultry breeding and farming enterprises in China. It is focused on the breeding and raising of pigs and yellow-feathered broilers. The company's business consists of three segments, namely pig, poultry and ancillary products. The Pig segment includes sales of market hogs, breeding pigs, market piglets and boar semen; the Poultry segment includes sales of yellow-feathered broilers, chicks and eggs; and the Ancillary segment includes sales of fresh meat, ingredients and others. The majority of the revenue is generated from the Pig segment.
64GF Score

Get the complete analysis for HKSE:02419

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$60.70
Price
HK$65.86
GF Value