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China Resources Building Materials Technology Holdings (STU:C44) Operating Income : €114 Mil (TTM As of Jun. 2024)


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What is China Resources Building Materials Technology Holdings Operating Income?

China Resources Building Materials Technology Holdings's Operating Income for the three months ended in Jun. 2024 was €36 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was €114 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Resources Building Materials Technology Holdings's Operating Income for the three months ended in Jun. 2024 was €36 Mil. China Resources Building Materials Technology Holdings's Revenue for the three months ended in Jun. 2024 was €707 Mil. Therefore, China Resources Building Materials Technology Holdings's Operating Margin % for the quarter that ended in Jun. 2024 was 5.07%.

Warning Sign:

China Resources Building Materials Technology Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -34.9%.

China Resources Building Materials Technology Holdings's 5-Year average Growth Rate for Operating Margin % was -34.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Resources Building Materials Technology Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 1.12%. China Resources Building Materials Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 4.10%.


China Resources Building Materials Technology Holdings Operating Income Historical Data

The historical data trend for China Resources Building Materials Technology Holdings'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.

China Resources Building Materials Technology Holdings Operating Income Chart

China Resources Building Materials Technology Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,337.95 1,158.18 1,064.83 244.28 126.88

China Resources Building Materials Technology Holdings Quarterly Data
Dec16 Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 -6.37 27.16 14.35 35.86 36.30

China Resources Building Materials Technology Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €114 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.


China Resources Building Materials Technology Holdings  (STU:C44) Operating Income Explanation

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

China Resources Building Materials Technology Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=143.456 * ( 1 - 28.15% )/( (0 + 9167.301)/ 1 )
=103.073136/9167.301
=1.12 %

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))
=9298.619 - 812.297 - ( 142.858 - max(0, 1647.418 - 966.439+142.858))
=9167.301

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

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

China Resources Building Materials Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=190.456/( ( (0 + max(0, 0)) + (4642.741 + max(-211.589, 0)) )/ 1 )
=190.456/( ( 0 + 4642.741 )/ 1 )
=190.456/4642.741
=4.10 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(325.982 + 311.097 + 91.748) - (812.297 + 0 + 128.119)
=-211.589

When net working capital is negative, 0 is used.

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

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

China Resources Building Materials Technology Holdings's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=35.864/707.293
=5.07 %

* 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.


China Resources Building Materials Technology Holdings Operating Income Related Terms

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China Resources Building Materials Technology Holdings Business Description

Traded in Other Exchanges
Address
26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Building Materials, or CRBM, mainly engages in the production and sale of cement, clinker, and concrete in Southern China. The company was established in 2003, with parent company China Resources Group holding 68% of its total equity stake. While cement and clinker products have been the largest contributors to CRBM's earnings historically, the firm has actively forayed into related sectors such as aggregates and engineered stones in recent years. Its major customers include real estate and infrastructure builders in provinces such as Guangdong, Guangxi, and Fujian.

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