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Yufengchang Holdings (HKSE:08631) Operating Income : HK$-3.09 Mil (TTM As of Sep. 2024)


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What is Yufengchang Holdings Operating Income?

Yufengchang Holdings's Operating Income for the three months ended in Sep. 2024 was HK$-3.09 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was HK$-3.09 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Yufengchang Holdings's Operating Income for the three months ended in Sep. 2024 was HK$-3.09 Mil. Yufengchang Holdings's Revenue for the three months ended in Sep. 2024 was HK$4.17 Mil. Therefore, Yufengchang Holdings's Operating Margin % for the quarter that ended in Sep. 2024 was -74.09%.

Yufengchang 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. Yufengchang Holdings's annualized ROC % for the quarter that ended in Sep. 2024 was -31.12%. Yufengchang Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -41.71%.


Yufengchang Holdings Operating Income Historical Data

The historical data trend for Yufengchang 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.

Yufengchang Holdings Operating Income Chart

Yufengchang Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Operating Income
Get a 7-Day Free Trial Premium Member Only 3.33 -6.02 -2.15 -5.22 -2.01

Yufengchang Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.25 0.76 0.87 - -3.09

Yufengchang 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-3.09 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.


Yufengchang Holdings  (HKSE:08631) Operating Income Explanation

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

Yufengchang Holdings'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 )
=-12.352 * ( 1 - 0% )/( (45.433 + 33.961)/ 2 )
=-12.352/39.697
=-31.12 %

where

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

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

Yufengchang Holdings'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 )
=-12.352/( ( (2.262 + max(32.113, 0)) + (1.373 + max(23.476, 0)) )/ 2 )
=-12.352/( ( 34.375 + 24.849 )/ 2 )
=-12.352/29.612
=-41.71 %

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)
=(37.926 + 0 + 3.002) - (4.756 + 0 + 4.059)
=32.113

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36.874 + 0 + 2.96) - (13.906 + 0 + 2.452)
=23.476

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 %:

Yufengchang Holdings'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 )
=-3.088/4.168
=-74.09 %

* 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.


Yufengchang Holdings Operating Income Related Terms

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Yufengchang Holdings Business Description

Traded in Other Exchanges
N/A
Address
Section C of Lot No.1345 in D.D.121, Yuen Long, New Territories, Hong Kong, HKG
Yufengchang Holdings Ltd Formerly Sun Kong Holdings Ltd is an investment holding company engaged in the sales of diesel oil, steam coal, and related products in Hong Kong. The company's sale services include sourcing diesel oil through oil trading companies, dispatching its fleet of diesel tank wagons to collect diesel oil from oil depots designated by its suppliers, and delivering diesel oil to destinations designated by the company's customers. It derives revenue from the sales of diesel oil, diesel exhaust fluid. All of the group's revenue is derived from Hong Kong.
Executives
Hong Kong Yufengchang Co., Ltd. 2101 Beneficial owner
Yufengchang International Holdings Co., Ltd. 2101 Beneficial owner
Wang Xin Long 2201 Interest of corporation controlled by you
Fully Fort Group Limited 2101 Beneficial owner
Law Ming Yik 2101 Beneficial owner

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