Hao Bai International (Cayman) (HKSE:08431) Operating Income : HK$-0.34 Mil (TTM As of Sep. 2024)

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What is Hao Bai International (Cayman) Operating Income?

Hao Bai International (Cayman)'s Operating Income for the three months ended in Sep. 2024 was HK$-0.34 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-0.34 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Hao Bai International (Cayman)'s Operating Income for the three months ended in Sep. 2024 was HK$-0.34 Mil. Hao Bai International (Cayman)'s Revenue for the three months ended in Sep. 2024 was HK$3.88 Mil. Therefore, Hao Bai International (Cayman)'s Operating Margin % for the quarter that ended in Sep. 2024 was -8.87%.

Hao Bai International (Cayman)'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. Hao Bai International (Cayman)'s annualized ROC % for the quarter that ended in Sep. 2024 was -3.04%. Hao Bai International (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -61.01%.

Hao Bai International (Cayman) Operating Income Historical Data

The historical data trend for Hao Bai International (Cayman)'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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Hao Bai International (Cayman) Operating Income Chart

Hao Bai International (Cayman) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Operating Income

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-19.07

-26.53

-29.90

-9.44

-6.47

Hao Bai International (Cayman) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Operating Income	Get a 7-Day Free Trial															-3.89	-0.40	-11.95	-	-0.34

Hao Bai International (Cayman) 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-0.34 Mil.

Hao Bai International (Cayman) (HKSE:08431) Operating Income Explanation

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

Hao Bai International (Cayman)'s annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-1.376 * ( 1 - 0% )	/	( (57.592	+	32.902)	/ 2 )
=	-1.376	/	45.247
=	-3.04 %

where

	Invested Capital		(Q: Mar. 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	))
=	107.168	-	49.406	-	( 0.17	-	max(0, 95.066	-	99.312	+	0.17	))
=	57.592

	Invested Capital		(Q: Sep. 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	))
=	112.044	-	78.921	-	( 0.221	-	max(0, 100.942	-	104.511	+	0.221	))
=	32.902

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

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

Hao Bai International (Cayman)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-1.376	/	( ( (2.417 + max(-74.91, 0))	+	(2.094 + max(-81.717, 0)) )	/	2 )
=	-1.376	/	( ( 2.417	+	2.094 )	/	2 )
=	-1.376	/	2.2555
=	-61.01 %

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.099	+	0	+	0.158)	-	(49.406	+	0	+	37.761)
=	-74.91

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.099	+	0	+	0.15799999999999)	-	(78.921	+	0	+	15.053)
=	-81.717

When net working capital is negative, 0 is used.

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

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

Hao Bai International (Cayman)'s Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	-0.344	/	3.878
	=	-8.87 %

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.

Hao Bai International (Cayman) Operating Income Related Terms

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Hao Bai International (Cayman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hao Bai International (Cayman) Ltd (HKSE:08431) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

178 Gloucester Road, Suite 801, 8th Floor, Chinachem Century Tower, Hong Kong, HKG

Website

http://www.harmonyasia.com

Hao Bai International (Cayman) Ltd is an investment holding company. The company is engaged in the provision of design, procurement, and installation services of water circulation systems. Its services are mainly categorized as Management contracting services and Consultancy Services, The company generates maximum revenue from the Management contracting services segment that engages in the provision of design, procurement, and installation services of the water circulation systems. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Mainland China.

Executives

Prudential Brokerage Limited	2106 Person having a security interest in shares
Li Dongyan	2201 Interest of corporation controlled by you
Zhuiri Law And Business International Holding Group Limited	2101 Beneficial owner
Song Chenglei	2101 Beneficial owner
Harmony Asia International Limited	2101 Beneficial owner
Nam Ho Kwan	2101 Beneficial owner
Chen Mingxia	2101 Beneficial owner

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