Wing Chi Holdings (HKSE:06080) Operating Income : HK$3.1 Mil (TTM As of Sep. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Wing Chi Holdings Operating Income?

Wing Chi Holdings's Operating Income for the six months ended in Sep. 2023 was HK$2.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was HK$3.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wing Chi Holdings's Operating Income for the six months ended in Sep. 2023 was HK$2.3 Mil. Wing Chi Holdings's Revenue for the six months ended in Sep. 2023 was HK$251.1 Mil. Therefore, Wing Chi Holdings's Operating Margin % for the quarter that ended in Sep. 2023 was 0.90%.

Wing Chi Holdings'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. Wing Chi Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 4.36%. Wing Chi Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 9.34%.

Wing Chi Holdings Operating Income Historical Data

The historical data trend for Wing Chi Holdings'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.

Wing Chi Holdings Operating Income Chart

Wing Chi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Operating Income

Get a 7-Day Free Trial

-33.57

-13.46

-46.46

3.80

10.52

Wing Chi Holdings Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Operating Income	Get a 7-Day Free Trial												0.80	3.01	9.74	0.79	2.27

Wing Chi Holdings 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$3.1 Mil.

Wing Chi Holdings (HKSE:06080) Operating Income Explanation

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

Wing Chi Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	4.54 * ( 1 - -14.24% )	/	( (125.001	+	112.871)	/ 2 )
=	5.186496	/	118.936
=	4.36 %

where

	Invested Capital		(Q: Mar. 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	))
=	234.243	-	63.658	-	( 45.584	-	max(0, 92.15	-	183.719	+	45.584	))
=	125.001

	Invested Capital		(Q: Sep. 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	))
=	244.115	-	76.365	-	( 54.879	-	max(0, 103.601	-	197.421	+	54.879	))
=	112.871

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

Wing Chi Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	4.542	/	( ( (50.524 + max(-54.857, 0))	+	(46.694 + max(-77.299, 0)) )	/	2 )
=	4.542	/	( ( 50.524	+	46.694 )	/	2 )
=	4.542	/	48.609
=	9.34 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.004	+	0	+	1.79)	-	(63.658	+	0	+	18.993)
=	-54.857

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.225	+	0	+	1.287)	-	(76.365	+	0	+	17.446)
=	-77.299

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

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

Wing Chi Holdings's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.27	/	251.115
	=	0.90 %

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.

Wing Chi Holdings Operating Income Related Terms

Thank you for viewing the detailed overview of Wing Chi Holdings's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Wing Chi Holdings (HKSE:06080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Chi Holdings Ltd (HKSE:06080) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3010, 30th Floor, Cable TV Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.wingchiholdings.com

Wing Chi Holdings Ltd is an Hong Kong-based investment holding company. Along with its subsidiaries, the corporation is principally engaged in the provision of foundation and site formation works and machinery leasing. All of the group's operations are located in Hong Kong.

Executives

Great Pride Global Limited
Yam Yuen Nina	2201 Interest of corporation controlled by you
Colourfield Global Limited	2101 Beneficial owner
Chau Man Chun	2202 Interest of your spouse
Li Cheuk Kam	2201 Interest of corporation controlled by you

Wing Chi Holdings (HKSE:06080) Headlines

No Headlines