Zhonghua Gas Holdings (HKSE:08246) Operating Income : HK$32.0 Mil (TTM As of Jun. 2024)

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What is Zhonghua Gas Holdings Operating Income?

Zhonghua Gas Holdings's Operating Income for the three months ended in Jun. 2024 was HK$0.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$32.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zhonghua Gas Holdings's Operating Income for the three months ended in Jun. 2024 was HK$0.0 Mil. Zhonghua Gas Holdings's Revenue for the three months ended in Jun. 2024 was HK$0.0 Mil. Therefore, Zhonghua Gas Holdings's Operating Margin % for the quarter that ended in Jun. 2024 was %.

Zhonghua Gas 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. Zhonghua Gas Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 0.00%. Zhonghua Gas Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.00%.

Zhonghua Gas Holdings Operating Income Historical Data

The historical data trend for Zhonghua Gas 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.

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Zhonghua Gas Holdings Operating Income Chart

Zhonghua Gas Holdings Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Operating Income

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80.61

-167.64

-279.07

-2.78

32.75

Zhonghua Gas Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Operating Income	Get a 7-Day Free Trial															-25.82	68.13	-12.92	2.58	-

Zhonghua Gas 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$32.0 Mil.

Zhonghua Gas Holdings (HKSE:08246) Operating Income Explanation

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

Zhonghua Gas Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	0 * ( 1 - 0% )	/	( (117.775	+	177.427)	/ 2 )
=	0	/	147.601
=	0.00 %

where

	Invested Capital		(Q: Dec. 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	))
=	382.462	-	124.003	-	( 214.471	-	max(0, 229.676	-	370.36	+	214.471	))
=	117.775

	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	))
=	393.482	-	152.964	-	( 63.091	-	max(0, 232.401	-	379.218	+	63.091	))
=	177.427

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

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

Zhonghua Gas Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0	/	( ( (2.445 + max(25.039, 0))	+	(9.677 + max(147.469, 0)) )	/	2 )
=	0	/	( ( 27.484	+	157.146 )	/	2 )
=	0	/	92.315
=	0.00 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(114.738	+	0	+	36.366)	-	(124.003	+	0	+	2.062)
=	25.039

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(42.625	+	0	+	268.757)	-	(152.964	+	0	+	10.949)
=	147.469

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

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

Zhonghua Gas Holdings's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	0
	=	%

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.

Zhonghua Gas Holdings Operating Income Related Terms

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Zhonghua Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhonghua Gas Holdings Ltd (HKSE:08246) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

178 Gloucester Road, 23rd Floor, Chinachem Century Tower, Wan chai, Hong Kong, HKG

Website

https://www.8246hk.com

Zhonghua Gas Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with the trading of new energy-related industrial products (New Energy Business); the operation of restaurants and trading of non-staple food (Catering Business) and the leasing of investment properties. The Group has two reportable operating segments, which are Energy Business; and Property Investments. It derives a majority of its revenue from the energy business.

Executives

Hu Yishi	2201 Interest of corporation controlled by you
Lin Min,mindy	2201 Interest of corporation controlled by you
Smart Lane Global Limited	2101 Beneficial owner
Uprise Global Investments Limited	2101 Beneficial owner
Yuan Rong Century Investment Holdings Limited	2201 Interest of corporation controlled by you
Wang Xiang Ming	2101 Beneficial owner
Depot Up Limited	2101 Beneficial owner
Full Kingdom Limited
Kai Yuan Holdings Limited
New York Limited
Blossom Merit Limited	2101 Beneficial owner
Song Zhi Cheng	2201 Interest of corporation controlled by you
Chan Tai Neng	2201 Interest of corporation controlled by you

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