Well Link Securities Holdings (HKSE:08350) Operating Income : HK$10.20 Mil (TTM As of Dec. 2023)

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What is Well Link Securities Holdings Operating Income?

Well Link Securities Holdings's Operating Income for the three months ended in Dec. 2023 was HK$-1.92 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$10.20 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Well Link Securities Holdings's Operating Income for the three months ended in Dec. 2023 was HK$-1.92 Mil. Well Link Securities Holdings's Revenue for the three months ended in Dec. 2023 was HK$1.68 Mil. Therefore, Well Link Securities Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was -114.61%.

Well Link Securities 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. Well Link Securities Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 150.79%. Well Link Securities Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.50%.

Well Link Securities Holdings Operating Income Historical Data

The historical data trend for Well Link Securities 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.

Well Link Securities Holdings Operating Income Chart

Well Link Securities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-18.13

-25.10

-18.78

-8.90

9.99

Well Link Securities Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															-1.33	-1.45	4.99	8.58	-1.92

Well Link Securities 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$10.20 Mil.

Well Link Securities Holdings (HKSE:08350) Operating Income Explanation

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

Well Link Securities Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-7.688 * ( 1 - 900% )	/	( (0	+	40.787)	/ 1 )
=	61.504	/	40.787
=	150.79 %

where

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	71.674	-	18.518	-	( 12.369	-	max(0, 21.465	-	46.434	+	12.369	))
=	40.787

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Well Link Securities Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2.004	/	( ( (0 + max(0, 0))	+	(2.026 + max(12.82, 0)) )	/	1 )
=	2.004	/	( ( 0	+	14.846 )	/	1 )
=	2.004	/	14.846
=	13.50 %

where Working Capital is:

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

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(30.619	+	0	+	1.908)	-	(18.518	+	0	+	1.189)
=	12.82

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Well Link Securities Holdings's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-1.922	/	1.677
	=	-114.61 %

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.

Well Link Securities Holdings Operating Income Related Terms

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

Well Link Securities Holdings (HKSE:08350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Well Link Securities Holdings Ltd (HKSE:08350) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

168-200 Connaught Road Central, Unit 3711, 37th Floor, West Tower, Shuk Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.excalibur.com.hk

Excalibur Global Financial Holdings Ltd is a provider of brokerage services for futures and options traded on the exchange in Hong Kong, the United States, Japan, Singapore, and the United Kingdom. The group is engaged in two segments that include Brokerage services and margin financing, and Money lending. The majority of the revenue derives from the provision of brokerage services and the margin financing segment. It provides clients with access to locally and globally traded futures and options products. The group derives revenue principally from brokerage fees received from the clients for the execution and facilitation of the execution of trades through the online trading platform and finance charges received for the margin loan to clients.

Executives

Well Link Fintech Holdings Limited	2101 Beneficial owner
Xu Chujia	2201 Interest of corporation controlled by you
Xu Chujia	2201 Interest of corporation controlled by you
Chan Ying Leung	2103 Interests held jointly with another person
Poon Kwok Wah Allan	2103 Interests held jointly with another person

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