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Zhejiang China Commodities City Group Co (SHSE:600415) Operating Income : ¥3,932 Mil (TTM As of Mar. 2025)


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What is Zhejiang China Commodities City Group Co Operating Income?

Zhejiang China Commodities City Group Co's Operating Income for the three months ended in Mar. 2025 was ¥964 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ¥3,932 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zhejiang China Commodities City Group Co's Operating Income for the three months ended in Mar. 2025 was ¥964 Mil. Zhejiang China Commodities City Group Co's Revenue for the three months ended in Mar. 2025 was ¥3,161 Mil. Therefore, Zhejiang China Commodities City Group Co's Operating Margin % for the quarter that ended in Mar. 2025 was 30.50%.

Warning Sign:

Zhejiang China Commodities City Group Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -15.2%.

Zhejiang China Commodities City Group Co's 5-Year average Growth Rate for Operating Margin % was -15.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zhejiang China Commodities City Group Co's annualized ROC % for the quarter that ended in Mar. 2025 was 7.21%. Zhejiang China Commodities City Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 53.30%.


Zhejiang China Commodities City Group Co Operating Income Historical Data

The historical data trend for Zhejiang China Commodities City Group 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.

* Premium members only.

Zhejiang China Commodities City Group Co Operating Income Chart

Zhejiang China Commodities City Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,128.74 1,199.50 262.16 2,058.38 3,846.10

Zhejiang China Commodities City Group Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 877.93 966.19 949.34 1,052.64 964.04

Zhejiang China Commodities City Group 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. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥3,932 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.


Zhejiang China Commodities City Group Co  (SHSE:600415) Operating Income Explanation

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

Zhejiang China Commodities City Group Co's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=3856.148 * ( 1 - 20.97% )/( (43044.541 + 41463.408)/ 2 )
=3047.5137644/42253.9745
=7.21 %

where

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))
=39168.461 - 3959.102 - ( 5939.509 - max(0, 17569.159 - 9733.977+5939.509))
=43044.541

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))
=37763.054 - 2494.812 - ( 4694.642 - max(0, 15353.473 - 9158.307+4694.642))
=41463.408

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

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

Zhejiang China Commodities City Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4245.016/( ( (7955.613 + max(-10077.324, 0)) + (7972.366 + max(-8312.442, 0)) )/ 2 )
=4245.016/( ( 7955.613 + 7972.366 )/ 2 )
=4245.016/7963.9895
=53.30 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(486.15 + 1357.787 + 1823.096) - (3959.102 + 0 + 9785.255)
=-10077.324

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(366.171 + 1338.403 + 2587.829) - (2494.812 + 0 + 10110.033)
=-8312.442

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

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

Zhejiang China Commodities City Group Co's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=964.037/3161.17
=30.50 %

* 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.


Zhejiang China Commodities City Group Co Operating Income Related Terms

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Zhejiang China Commodities City Group Co Business Description

Traded in Other Exchanges
N/A
Address
Futian Road, No. 105, Ocean Business Building, Zhejiang Province, Yiwu, CHN, 322000
Zhejiang China Commodities City Group Co Ltd is engaged in the construction and operation of commodities trading platforms in China. The company's activities include the market network operation, real estate development and sales, hotel services, commodity sales, etc.
Executives
Zhao Di Fang senior management
Zhang Qi Zhen senior management
Xu Hang Directors, senior managers
Wu Xiu Bin senior management
Wei Gang senior management
Wang Dong Directors, senior managers
Zhao Wen Ge Director
Liu Zhen Ting Supervisors
Bao Jiang Qian Director
Jia Jun Hua senior management
Yang Jian Feng senior management
Zhao Jian Jun senior management
Hu Yan Hu senior management
Chen Chun Mei Supervisors
Zhu Min Director

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