JMG (JM Group) Operating Income: $3.57 Mil (TTM As of Sep. 2025)

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JMG JM Group Ltd JMG
25 GF Score
Price $6.61
! 4 Warning Signs
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What is JM Group Operating Income?

JM Group JMG 25 Operating Income is $3.57 Mil as of Sep. 2025. GuruFocus rates JMG with a GF Score™ of 25/100. The stock has 4 warning signs investors should review.

JM Group's Operating Income for the six months ended in Sep. 2025 was $3.01 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $3.57 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. JM Group's Operating Income for the six months ended in Sep. 2025 was $3.01 Mil. JM Group's Revenue for the six months ended in Sep. 2025 was $15.68 Mil. Therefore, JM Group's Operating Margin % for the quarter that ended in Sep. 2025 was 19.20%.

JM Group'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. JM Group's annualized ROC % for the quarter that ended in Sep. 2025 was 82.89%. JM Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 844.02%.

JM Group  (AMEX:JMG) Operating Income Explanation

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

JM Group's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=6.02 * ( 1 - 16.46% )/( (6.436 + 5.698)/ 2 )
=5.029108/6.067
=82.89 %

where

Invested Capital(Q: Mar. 2025 )
=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))
=11.343 - 8.202 - ( 2.267 - max(0, 14.339 - 11.044+2.267))
=6.436

Invested Capital(Q: Sep. 2025 )
=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))
=14.871 - 12.042 - ( 2.267 - max(0, 17.161 - 14.292+2.267))
=5.698

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

JM Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.186/( ( (0.025 + max(0.364, 0)) + (0.129 + max(-0.326, 0)) )/ 2 )
=2.186/( ( 0.389 + 0.129 )/ 2 )
=2.186/0.259
=844.02 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.291 + 0 + 0.469) - (8.202 + 0.194 + 0)
=0.364

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.393 + 0 + 2.584) - (12.042 + 0.262 + -0.00099999999999767)
=-0.326

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

JM Group's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=3.01/15.677
=19.20 %

* 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.

JM Group Operating Income Related Terms

JM Group Operating Income Historical Data

* Premium members only.

The historical data trend for JM Group'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.

JM Group Operating Income Chart

JM Group Annual Data
Trend Sep23 Sep24 Sep25
Operating Income
-1.68 1.06 3.57

JM Group Semi-Annual Data
Sep23 Mar24 Sep24 Mar25 Sep25
Operating Income 0.00 0.94 0.12 0.56 3.01
JMG
25GF Score
JM Group Ltd JMG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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JM Group 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $3.57 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $3.57 Mil mean?
JM Group (JMG) has a Operating Income of $3.57 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on JM Group and its competitors.
Is JM Group's Operating Income too high?
JM Group's current Operating Income is $3.57 Mil. Overall, JM Group has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does JM Group's Operating Income compare to BARK and CHPT?
JM Group's Operating Income of $3.57 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on JM Group and its competitors. JM Group's current Operating Income is $3.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Group stock overvalued right now?
JM Group (JMG) has a current Operating Income of $3.57 Mil. The current Operating Income is $3.57 Mil. JM Group's overall GF Score™ is 25/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For JM Group (JMG), the current Operating Income is $3.57 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

JM Group Business Description

Address 1 Hok Cheung Street, Unit 812, 8th Floor, Harbour Center Tower 1, Hung Hom, Kowloon, Hong Kong, HKG
JM Group Ltd is engaged in the sourcing and wholesaling of toys, gifts, household products and other products for international brand owners. Its products can be broadly classified into eight categories: (i) sports and outdoor recreation products, including water gun, umbrella, pool volleyball, athletic equipment and accessories, (ii) toys and games, (iii) seasonable decor and party supplies, including interior decorative elements, Christmas tree, and other general festival and event decorative goods, (iv) electronics, including electronic toys and automotive battery; (v) home and tools, (vi) school, office and art supplies, including art and craft, (vii) clothing, shoes and accessories, (vii) personal care products, such as personal care appliance, and (viii) others.
25GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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