Zibuyu Group (HKSE:02420) Operating Income: HK$440 Mil (TTM As of Jun. 2026)

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HKSE:02420 Zibuyu Group Ltd HKSE:02420
92 GF Score
Price HK$5.65
GF Value HK$6.19
Valuation Fairly Valued
! 6 Warning Signs
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What is Zibuyu Group Operating Income?

Zibuyu Group HKSE:02420 +4.63% 92 Operating Income is HK$440 Mil as of Jun. 2026. GuruFocus rates HKSE:02420 with a GF Score™ of 92/100 and a GF Value™ of HK$6.19 (Fairly Valued). The stock has 6 warning signs investors should review.

Zibuyu Group's Operating Income for the six months ended in Jun. 2026 was HK$246 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was HK$440 Mil.

Warning Sign:

Zibuyu Group Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zibuyu Group's Operating Income for the six months ended in Jun. 2026 was HK$246 Mil. Zibuyu Group's Revenue for the six months ended in Jun. 2026 was HK$3,270 Mil. Therefore, Zibuyu Group's Operating Margin % for the quarter that ended in Jun. 2026 was 7.53%.

Zibuyu 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. Zibuyu Group's annualized ROC % for the quarter that ended in Jun. 2026 was 45.96%. Zibuyu Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 71.71%.


Zibuyu Group  (HKSE:02420) Operating Income Explanation

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

Zibuyu 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 )
=492.356 * ( 1 - 26.87% )/( (633.596 + 933.148)/ 2 )
=360.0599428/783.372
=45.96 %

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))
=1605.392 - 357.728 - ( 614.068 - max(0, 678.617 - 1532.179+614.068))
=633.596

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))
=1980.171 - 635.551 - ( 411.472 - max(0, 957.172 - 1885.491+411.472))
=933.148

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:

Zibuyu 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 )
=443.178/( ( (39.707 + max(442.406, 0)) + (53.283 + max(700.661, 0)) )/ 2 )
=443.178/( ( 482.113 + 753.944 )/ 2 )
=443.178/618.0285
=71.71 %

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)
=(152.521 + 716.73 + 27.298) - (357.728 + 0 + 96.415)
=442.406

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(351.71 + 1026.459 + 47.97) - (635.551 + 0 + 89.927)
=700.661

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 %:

Zibuyu 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 )
=246.178/3270.435
=7.53 %

* 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.


Zibuyu Group Operating Income Related Terms


Zibuyu Group Operating Income Historical Data

* Premium members only.

The historical data trend for Zibuyu 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.

Zibuyu Group Operating Income Chart

Zibuyu Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 316.95 146.59 -275.82 145.51 303.82

Zibuyu Group Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.04 58.20 109.29 193.36 246.18
HKSE:02420
92GF Score
Zibuyu Group Ltd HKSE:02420
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zibuyu 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$440 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$440 Mil mean?
Zibuyu Group (HKSE:02420) has a Operating Income of HK$440 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zibuyu Group and its competitors.
Is Zibuyu Group's Operating Income too high?
Zibuyu Group's current Operating Income is HK$440 Mil. Overall, Zibuyu Group has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zibuyu Group's Operating Income compare to AMZN and BABA?
Zibuyu Group's Operating Income of HK$440 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Zibuyu Group and its competitors. Zibuyu Group's current Operating Income is HK$440 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zibuyu Group stock overvalued right now?
Based on GuruFocus' analysis, Zibuyu Group (HKSE:02420) is currently considered Fairly Valued. The stock's GF Value™ is HK$6.19, compared to a current price of HK$5.65 — trading 8.7% below its estimated fair value. The current Operating Income is HK$440 Mil. Zibuyu Group's overall GF Score™ is 92/100 with 6 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 Zibuyu Group (HKSE:02420), the current Operating Income is HK$440 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 Zibuyu Group (HKSE:02420) Overvalued in 2026?

Based on GuruFocus' analysis, Zibuyu Group stock appears to be undervalued. The current stock price of HK$5.65 is trading 8.7% below its estimated GF Value™ of HK$6.19. GuruFocus considers Zibuyu Group to be Fairly Valued.

Key valuation signals for HKSE:02420:

  • Operating Income: HK$440 Mil
  • GF Value™: HK$6.19 vs. price of HK$5.65 (8.7% below fair value)
  • GF Score™: 92/100 with 6 warning signs

No single metric tells the full story. See the HKSE:02420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zibuyu Group Business Description

Address Xincheng Road, Nanyuan Street, No. 108, Room 410, Linping District, Zhejiang Province, Hangzhou, CHN
Zibuyu Group Ltd is an investment holding company, and its subsidiaries are engaged in the design, procurement, and sale of apparel, footwear, and related products. The group sources products from OEM suppliers based on its designs and sells them globally through third-party e-commerce platforms and its self-operated online stores. Its sales channels include platforms such as Amazon, TikTok, Temu, and other third-party e-commerce platforms, as well as its own online stores. Its geographical segments include North America, Asia, Europe, and Others.
92GF Score

Get the complete analysis for HKSE:02420

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

HK$5.65
Price
HK$6.19
GF Value