Inner Mongolia First Machinery Group Co (SHSE:600967) Operating Income: ¥127 Mil (TTM As of Jun. 2026)

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SHSE:600967 Inner Mongolia First Machinery Group Co Ltd SHSE:600967
52 GF Score
Price ¥13.87
GF Value ¥9.68
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Inner Mongolia First Machinery Group Co Operating Income?

Inner Mongolia First Machinery Group Co SHSE:600967 +3.97% 52 Operating Income is ¥127 Mil as of Jun. 2026. GuruFocus rates SHSE:600967 with a GF Score™ of 52/100 and a GF Value™ of ¥9.68 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Inner Mongolia First Machinery Group Co's Operating Income for the three months ended in Jun. 2026 was ¥-35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ¥127 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Inner Mongolia First Machinery Group Co's Operating Income for the three months ended in Jun. 2026 was ¥-35 Mil. Inner Mongolia First Machinery Group Co's Revenue for the three months ended in Jun. 2026 was ¥2,631 Mil. Therefore, Inner Mongolia First Machinery Group Co's Operating Margin % for the quarter that ended in Jun. 2026 was -1.35%.

Warning Sign:

Inner Mongolia First Machinery Group Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.5%.

Inner Mongolia First Machinery Group Co's 5-Year average Growth Rate for Operating Margin % was -4.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Inner Mongolia First Machinery Group Co's annualized ROC % for the quarter that ended in Jun. 2026 was -1.48%. Inner Mongolia First Machinery Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 3.41%.


Inner Mongolia First Machinery Group Co  (SHSE:600967) Operating Income Explanation

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

Inner Mongolia First Machinery Group Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-141.836 * ( 1 - 0% )/( (9570.305 + 9578.572)/ 2 )
=-141.836/9574.4385
=-1.48 %

where

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))
=22514.781 - 6509.435 - ( 6435.041 - max(0, 9904.924 - 17589.464+6435.041))
=9570.305

Invested Capital(Q: Jun. 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))
=18542.058 - 4426.2 - ( 4537.286 - max(0, 5830.325 - 13435.28+4537.286))
=9578.572

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

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

Inner Mongolia First Machinery Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=117.104/( ( (2210.198 + max(-13.882000000001, 0)) + (2225.245 + max(2442.117, 0)) )/ 2 )
=117.104/( ( 2210.198 + 4667.362 )/ 2 )
=117.104/3438.78
=3.41 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1271.117 + 1513.328 + 7068.936) - (6509.435 + 0 + 3357.828)
=-13.882000000001

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1379.757 + 1951.223 + 4903.623) - (4426.2 + 0 + 1366.286)
=2442.117

When net working capital is negative, 0 is used.

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

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

Inner Mongolia First Machinery Group Co's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-35.459/2630.833
=-1.35 %

* 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.


Inner Mongolia First Machinery Group Co Operating Income Related Terms


Inner Mongolia First Machinery Group Co Operating Income Historical Data

* Premium members only.

The historical data trend for Inner Mongolia First Machinery 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.

Inner Mongolia First Machinery Group Co Operating Income Chart

Inner Mongolia First Machinery Group 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 515.22 584.46 632.92 309.87 246.31

Inner Mongolia First Machinery Group Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 31.49 98.11 -93.01 156.88 -35.46
SHSE:600967
52GF Score
Inner Mongolia First Machinery Group Co Ltd SHSE:600967
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Inner Mongolia First Machinery 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥127 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 ¥127 Mil mean?
Inner Mongolia First Machinery Group Co (SHSE:600967) has a Operating Income of ¥127 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Inner Mongolia First Machinery Group Co and its competitors.
Is Inner Mongolia First Machinery Group Co's Operating Income too high?
Inner Mongolia First Machinery Group Co's current Operating Income is ¥127 Mil. Overall, Inner Mongolia First Machinery Group Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia First Machinery Group Co's Operating Income compare to SPCX and GE?
Inner Mongolia First Machinery Group Co's Operating Income of ¥127 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 Inner Mongolia First Machinery Group Co and its competitors. Inner Mongolia First Machinery Group Co's current Operating Income is ¥127 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia First Machinery Group Co stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia First Machinery Group Co (SHSE:600967) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥9.68, compared to a current price of ¥13.87 — trading 43.3% above its estimated fair value. The current Operating Income is ¥127 Mil. Inner Mongolia First Machinery Group Co's overall GF Score™ is 52/100 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 Inner Mongolia First Machinery Group Co (SHSE:600967), the current Operating Income is ¥127 Mil as of Jun. 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 Inner Mongolia First Machinery Group Co (SHSE:600967) Overvalued in 2026?

Based on GuruFocus' analysis, Inner Mongolia First Machinery Group Co stock appears to be overvalued. The current stock price of ¥13.87 is trading 43.3% above its estimated GF Value™ of ¥9.68. GuruFocus considers Inner Mongolia First Machinery Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600967:

  • Operating Income: ¥127 Mil
  • GF Value™: ¥9.68 vs. price of ¥13.87 (43.3% above fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inner Mongolia First Machinery Group Co Business Description

Address Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030
Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.
52GF Score

Get the complete analysis for SHSE:600967

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

¥13.87
Price
¥9.68
GF Value