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Litian Pictures Holdings (HKSE:09958) Operating Income : HK$-19.24 Mil (TTM As of Dec. 2024)


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What is Litian Pictures Holdings Operating Income?

Litian Pictures Holdings's Operating Income for the six months ended in Dec. 2024 was HK$-14.65 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-19.24 Mil.

Warning Sign:

Litian Pictures Holdings Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Litian Pictures Holdings's Operating Income for the six months ended in Dec. 2024 was HK$-14.65 Mil. Litian Pictures Holdings's Revenue for the six months ended in Dec. 2024 was HK$5.41 Mil. Therefore, Litian Pictures Holdings's Operating Margin % for the quarter that ended in Dec. 2024 was -270.93%.

Litian Pictures 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. Litian Pictures Holdings's annualized ROC % for the quarter that ended in Dec. 2024 was -8.14%. Litian Pictures Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -41.45%.


Litian Pictures Holdings Operating Income Historical Data

The historical data trend for Litian Pictures 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.

Litian Pictures Holdings Operating Income Chart

Litian Pictures Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial 130.12 -93.81 -238.58 -100.22 -19.20

Litian Pictures Holdings Semi-Annual Data
Dec17 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 -235.79 0.37 -100.59 -4.58 -14.65

Litian Pictures 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$-19.24 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.


Litian Pictures Holdings  (HKSE:09958) Operating Income Explanation

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

Litian Pictures 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 )
=-29.304 * ( 1 - 0% )/( (360.261 + 360.024)/ 2 )
=-29.304/360.1425
=-8.14 %

where

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:

Litian Pictures 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 )
=-59.54/( ( (2.946 + max(141.871, 0)) + (2.7 + max(139.801, 0)) )/ 2 )
=-59.54/( ( 144.817 + 142.501 )/ 2 )
=-59.54/143.659
=-41.45 %

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)
=(111.634 + 0 + 598.755) - (399.394 + 0 + 169.124)
=141.871

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.359 + 0 + 632.476) - (388.826 + 0 + 184.208)
=139.801

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 %:

Litian Pictures 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 )
=-14.652/5.408
=-270.93 %

* 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.


Litian Pictures Holdings Operating Income Related Terms

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Litian Pictures Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 5A, Tongniu Dianying Industrial Park, Chaoyang District, Beijing, CHN
Litian Pictures Holdings Ltd is a drama series distribution company in the People's Republic of China. It licenses the broadcasting rights of self-produced and outright-purchased drama series. In addition, it is involved in other businesses, which include selling drama series scripts; acting as a distribution agent of the broadcasting rights of TV series; and investing in drama series in which it acts as a non-executive producer. It operates in three segments namely, Self-produced drama series; Outright-purchased drama series; and Others. It derives all its revenue from the production, distribution, and licensing of broadcasting rights of drama series in China.
Executives
Lee Tin Sek Joseph 2101 Beneficial owner
Tian Tian 2201 Interest of corporation controlled by you
Yuan Li 2201 Interest of corporation controlled by you
Litian Century Media Co. Ltd. 2101 Beneficial owner
Marshal Investment Co. Ltd. 2101 Beneficial owner
Joint Fortune Huayi Emerging Industry Investment Co. Ltd. 2101 Beneficial owner
Li Yiwei 2201 Interest of corporation controlled by you
Xie Ailong 2201 Interest of corporation controlled by you

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