AVIC Airborne Systems Co (SHSE:600372) Operating Income: ¥1,983 Mil (TTM As of Mar. 2026)

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SHSE:600372 AVIC Airborne Systems Co Ltd SHSE:600372
68 GF Score
Price ¥11.17
GF Value ¥11.24
Valuation Fairly Valued
! 5 Warning Signs
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What is AVIC Airborne Systems Co Operating Income?

AVIC Airborne Systems Co SHSE:600372 -1.24% 68 Operating Income is ¥1,983 Mil as of Mar. 2026. GuruFocus rates SHSE:600372 with a GF Score™ of 68/100 and a GF Value™ of ¥11.24 (Fairly Valued). The stock has 5 warning signs investors should review.

AVIC Airborne Systems Co's Operating Income for the three months ended in Mar. 2026 was ¥359 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ¥1,983 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AVIC Airborne Systems Co's Operating Income for the three months ended in Mar. 2026 was ¥359 Mil. AVIC Airborne Systems Co's Revenue for the three months ended in Mar. 2026 was ¥4,642 Mil. Therefore, AVIC Airborne Systems Co's Operating Margin % for the quarter that ended in Mar. 2026 was 7.73%.

Warning Sign:

AVIC Airborne Systems Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.8%.

AVIC Airborne Systems Co's 5-Year average Growth Rate for Operating Margin % was -9.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AVIC Airborne Systems Co's annualized ROC % for the quarter that ended in Mar. 2026 was 2.60%. AVIC Airborne Systems Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.53%.


AVIC Airborne Systems Co  (SHSE:600372) Operating Income Explanation

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

AVIC Airborne Systems Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1435.324 * ( 1 - 18.67% )/( (44370.496 + 45536.073)/ 2 )
=1167.3490092/44953.2845
=2.60 %

where

Invested Capital(Q: Dec. 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))
=83259.235 - 25976.697 - ( 12912.042 - max(0, 39941.343 - 64056.61+12912.042))
=44370.496

Invested Capital(Q: Mar. 2026 )
=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))
=80582.807 - 24858.977 - ( 10187.757 - max(0, 37363.177 - 61708.478+10187.757))
=45536.073

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

AVIC Airborne Systems Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1412.364/( ( (13618.798 + max(16951.768, 0)) + (13478.466 + max(18352.769, 0)) )/ 2 )
=1412.364/( ( 30570.566 + 31831.235 )/ 2 )
=1412.364/31200.9005
=4.53 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24897.981 + 18970.363 + 840.436) - (25976.697 + 0 + 1780.315)
=16951.768

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24735.802 + 19537.291 + 828.40000000001) - (24858.977 + 0 + 1889.747)
=18352.769

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

AVIC Airborne Systems Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=358.831/4642.133
=7.73 %

* 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.


AVIC Airborne Systems Co Operating Income Related Terms


AVIC Airborne Systems Co Operating Income Historical Data

* Premium members only.

The historical data trend for AVIC Airborne Systems Co'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.

AVIC Airborne Systems Co Operating Income Chart

AVIC Airborne Systems Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,041.14 2,572.53 2,402.93 1,712.41 1,842.29

AVIC Airborne Systems Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 218.35 776.04 582.26 265.64 358.83
SHSE:600372
68GF Score
AVIC Airborne Systems Co Ltd SHSE:600372
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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AVIC Airborne Systems Co 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,983 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 ¥1,983 Mil mean?
AVIC Airborne Systems Co (SHSE:600372) has a Operating Income of ¥1,983 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AVIC Airborne Systems Co and its competitors.
Is AVIC Airborne Systems Co's Operating Income too high?
AVIC Airborne Systems Co's current Operating Income is ¥1,983 Mil. Overall, AVIC Airborne Systems Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AVIC Airborne Systems Co's Operating Income compare to SPCX and GE?
AVIC Airborne Systems Co's Operating Income of ¥1,983 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 AVIC Airborne Systems Co and its competitors. AVIC Airborne Systems Co's current Operating Income is ¥1,983 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVIC Airborne Systems Co stock overvalued right now?
Based on GuruFocus' analysis, AVIC Airborne Systems Co (SHSE:600372) is currently considered Fairly Valued. The stock's GF Value™ is ¥11.24, compared to a current price of ¥11.17 — trading 0.6% below its estimated fair value. The current Operating Income is ¥1,983 Mil. AVIC Airborne Systems Co's overall GF Score™ is 68/100 with 5 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 AVIC Airborne Systems Co (SHSE:600372), the current Operating Income is ¥1,983 Mil as of Mar. 2026. 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.

Is AVIC Airborne Systems Co (SHSE:600372) Overvalued in 2026?

Based on GuruFocus' analysis, AVIC Airborne Systems Co stock appears to be undervalued. The current stock price of ¥11.17 is trading 0.6% below its estimated GF Value™ of ¥11.24. GuruFocus considers AVIC Airborne Systems Co to be Fairly Valued.

Key valuation signals for SHSE:600372:

  • Operating Income: ¥1,983 Mil
  • GF Value™: ¥11.24 vs. price of ¥11.17 (0.6% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600372 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AVIC Airborne Systems Co Business Description

Address Jinghai 2nd Road, Beijing Economic and Technological Development Zone, Building 8, Yard 29, Beijing, CHN
AVIC Airborne Systems Co Ltd Formerly China Avionics Systems Co Ltd engages in the research and development, production, sale, and services of engine auxiliary machinery systems and equipment for aviation. The company has aviation and armament equipment, military transport aircraft, helicopters, airborne systems and auto parts, general aviation, aviation research, flight testing, aviation supply chain and military trade, asset management, finance, engineering construction, automotive and other industries. The company also provides property leasing, technical, and consultancy services.
68GF Score

Get the complete analysis for SHSE:600372

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

¥11.17
Price
¥11.24
GF Value