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Jiumaojiu International Holdings (HKSE:09922) Operating Income : HK$371 Mil (TTM As of Dec. 2024)


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What is Jiumaojiu International Holdings Operating Income?

Jiumaojiu International Holdings's Operating Income for the six months ended in Dec. 2024 was HK$161 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was HK$371 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jiumaojiu International Holdings's Operating Income for the six months ended in Dec. 2024 was HK$161 Mil. Jiumaojiu International Holdings's Revenue for the six months ended in Dec. 2024 was HK$3,213 Mil. Therefore, Jiumaojiu International Holdings's Operating Margin % for the quarter that ended in Dec. 2024 was 5.02%.

Warning Sign:

Jiumaojiu International Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.9%.

Jiumaojiu International Holdings's 5-Year average Growth Rate for Operating Margin % was -9.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jiumaojiu International Holdings's annualized ROC % for the quarter that ended in Dec. 2024 was 9.98%. Jiumaojiu International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 2.46%.


Jiumaojiu International Holdings Operating Income Historical Data

The historical data trend for Jiumaojiu International 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.

Jiumaojiu International Holdings Operating Income Chart

Jiumaojiu International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only 284.11 712.98 284.59 808.98 369.77

Jiumaojiu International Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 104.26 445.45 363.53 210.33 161.17

Jiumaojiu International 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$371 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.


Jiumaojiu International Holdings  (HKSE:09922) Operating Income Explanation

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

Jiumaojiu International Holdings's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=322.332 * ( 1 - -66.45% )/( (5216.399 + 5534.093)/ 2 )
=536.521614/5375.246
=9.98 %

where

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))
=7024.663 - 774.601 - ( 1425.577 - max(0, 1613.037 - 2646.7+1425.577))
=5216.399

Invested Capital(Q: Dec. 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))
=6927.722 - 628.623 - ( 1192.941 - max(0, 1700.52 - 2465.526+1192.941))
=5534.093

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

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

Jiumaojiu International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=93.394/( ( (3465.981 + max(216.968, 0)) + (3519.256 + max(391.234, 0)) )/ 2 )
=93.394/( ( 3682.949 + 3910.49 )/ 2 )
=93.394/3796.7195
=2.46 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.492 + 157.749 + 858.896) - (774.601 + 0 + 84.568)
=216.968

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.368 + 123.269 + 939.375) - (628.623 + 0 + 103.155)
=391.234

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

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

Jiumaojiu International Holdings's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=161.166/3213.07
=5.02 %

* 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.


Jiumaojiu International Holdings Operating Income Related Terms

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Jiumaojiu International Holdings Business Description

Traded in Other Exchanges
Address
4 Zhujiang East Road, Zhujiang Street, Unit 202 Building 2, Jiucheng Technology Innovation Center, Nansha District, Guangzhou, CHN
Jiumaojiu International is a Chinese multibrand restaurant operator. The firm generates most of its revenue from Tai Er, a restaurant chain that is known for its sauerkraut fish (steamed fish smothered in pickled cabbage). Established in 2015, Tai Er is immensely popular, with over 600 outlets in China at the end of 2024 and is frequented particularly by the post-1990s generation.Other key concepts include the namesake brand Jiu Mao Jiu (71 units) and Song Hotpot (80 outlets). The company's portfolio also features other brands such as Lai Mei Li (Chinese grilled fish) and Shanwaimian (Guizhou Hotpot). A large majority of Jiumaojiu's restaurants are company-owned, though the company is currently piloting a franchising business model.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
Guan Yihong 2201 Interest of corporation controlled by you
Gyh J Limited 2101 Beneficial owner
Yang Sanyin 2202 Interest of your spouse
Invesco Asset Management Limited 2102 Investment manager
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
T. Rowe Price Associates, Inc. And Its Affiliates 2101 Beneficial owner
Chen Haixia 2201 Interest of corporation controlled by you
Mx J Limited 2101 Beneficial owner
Mt J Limited 2101 Beneficial owner

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