Autostreets Development (HKSE:02443) Operating Income: HK$-5.1 Mil (TTM As of Dec. 2025)

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HKSE:02443 Autostreets Development Ltd HKSE:02443
17 GF Score
Price HK$1.37
! 3 Warning Signs
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What is Autostreets Development Operating Income?

Autostreets Development HKSE:02443 -1.44% 17 Operating Income is HK$-5.1 Mil as of Dec. 2025. GuruFocus rates HKSE:02443 with a GF Score™ of 17/100. The stock has 3 warning signs investors should review.

Autostreets Development's Operating Income for the six months ended in Dec. 2025 was HK$9.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-5.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Autostreets Development's Operating Income for the six months ended in Dec. 2025 was HK$9.5 Mil. Autostreets Development's Revenue for the six months ended in Dec. 2025 was HK$142.8 Mil. Therefore, Autostreets Development's Operating Margin % for the quarter that ended in Dec. 2025 was 6.62%.

Autostreets Development'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. Autostreets Development's annualized ROC % for the quarter that ended in Dec. 2025 was 6.11%. Autostreets Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 40.71%.

Autostreets Development  (HKSE:02443) Operating Income Explanation

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

Autostreets Development's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=18.916 * ( 1 - 3.76% )/( (248.479 + 347.202)/ 2 )
=18.2047584/297.8405
=6.11 %

where

Invested Capital(Q: Jun. 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))
=1357.051 - 116.499 - ( 1148.633 - max(0, 276.194 - 1268.267+1148.633))
=248.479

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))
=1359.255 - 92.409 - ( 919.644 - max(0, 261.049 - 1277.116+919.644))
=347.202

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Autostreets Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.63/( ( (71.769 + max(-100.068, 0)) + (63.985 + max(-95.835, 0)) )/ 2 )
=27.63/( ( 71.769 + 63.985 )/ 2 )
=27.63/67.877
=40.71 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16.431 + 0 + 0) - (116.499 + 0 + 5.6843418860808E-14)
=-100.068

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.211 + 0 + 1.2370000000001) - (92.409 + 0 + 11.874)
=-95.835

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Autostreets Development's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=9.458/142.763
=6.62 %

* 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.

Autostreets Development Operating Income Related Terms

Autostreets Development Operating Income Historical Data

* Premium members only.

The historical data trend for Autostreets Development'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.

Autostreets Development Operating Income Chart

Autostreets Development Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
283.93 96.44 100.34 44.17 27.86

Autostreets Development Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only 7.42 36.81 18.21 9.46 -14.55
HKSE:02443
17GF Score
Autostreets Development Ltd HKSE:02443
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Autostreets Development 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-5.1 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$-5.1 Mil mean?
Autostreets Development (HKSE:02443) has a Operating Income of HK$-5.1 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Autostreets Development and its competitors.
Is Autostreets Development's Operating Income too high?
Autostreets Development's current Operating Income is HK$-5.1 Mil. Overall, Autostreets Development has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Autostreets Development's Operating Income compare to CVNA and PAG?
Autostreets Development's Operating Income of HK$-5.1 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 Autostreets Development and its competitors. Autostreets Development's current Operating Income is HK$-5.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autostreets Development stock overvalued right now?
Autostreets Development (HKSE:02443) has a current Operating Income of HK$-5.1 Mil. The current Operating Income is HK$-5.1 Mil. Autostreets Development's overall GF Score™ is 17/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Autostreets Development (HKSE:02443), the current Operating Income is HK$-5.1 Mil as of Dec. 2025. 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.

Autostreets Development Business Description

Address Zhenbei Road, No. 2251, 6th Floor, Kailong Center, Putuo District, Shanghai, CHN
Autostreets Development Ltd is engaged in used vehicle transaction service provider. The company connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. The company generates all of its revenues from PRC China.
17GF Score

Get the complete analysis for HKSE:02443

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

HK$1.37
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