GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Careray Digital Medical Technology Co Ltd (SHSE:688607) » Definitions » Operating Income

Careray Digital Medical Technology Co (SHSE:688607) Operating Income : ¥25.2 Mil (TTM As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Careray Digital Medical Technology Co Operating Income?

Careray Digital Medical Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥5.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was ¥25.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Careray Digital Medical Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥5.8 Mil. Careray Digital Medical Technology Co's Revenue for the three months ended in Sep. 2024 was ¥66.6 Mil. Therefore, Careray Digital Medical Technology Co's Operating Margin % for the quarter that ended in Sep. 2024 was 8.68%.

Careray Digital Medical Technology Co'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. Careray Digital Medical Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was 4.47%. Careray Digital Medical Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 10.00%.


Careray Digital Medical Technology Co Operating Income Historical Data

The historical data trend for Careray Digital Medical Technology 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.

Careray Digital Medical Technology Co Operating Income Chart

Careray Digital Medical Technology Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 57.17 83.08 81.35 -20.66 7.78

Careray Digital Medical Technology Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.66 14.97 -0.38 4.80 5.78

Careray Digital Medical Technology 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥25.2 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.


Careray Digital Medical Technology Co  (SHSE:688607) Operating Income Explanation

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

Careray Digital Medical Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=23.132 * ( 1 - 15.74% )/( (420.742 + 451.728)/ 2 )
=19.4910232/436.235
=4.47 %

where

Invested Capital(Q: Jun. 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))
=929.917 - 63.053 - ( 446.122 - max(0, 73.103 - 636.733+446.122))
=420.742

Invested Capital(Q: Sep. 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))
=948.892 - 61.323 - ( 435.841 - max(0, 78.418 - 623.23+435.841))
=451.728

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Careray Digital Medical Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.892/( ( (141.608 + max(117.081, 0)) + (166.882 + max(112.296, 0)) )/ 2 )
=26.892/( ( 258.689 + 279.178 )/ 2 )
=26.892/268.9335
=10.00 %

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)
=(82.924 + 91.711 + 10.058) - (63.053 + 0 + 4.559)
=117.081

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(77.153 + 92.786 + 10.668) - (61.323 + 0 + 6.988)
=112.296

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Careray Digital Medical Technology Co's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=5.783/66.617
=8.68 %

* 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.


Careray Digital Medical Technology Co Operating Income Related Terms

Thank you for viewing the detailed overview of Careray Digital Medical Technology Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Careray Digital Medical Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 218 Xinghu Street, Room 501, Building A2 and B3, Bio-Nano Park, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215123
Careray Digital Medical Technology Co Ltd is engaged in the development and production of digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.

Careray Digital Medical Technology Co Headlines

No Headlines