SWDHF (Skyworth Group) Operating Income: $236 Mil (TTM As of Dec. 2025)


SWDHF Skyworth Group Ltd SWDHF
49 GF Score
Price $0.59
GF Value $0.49
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Skyworth Group Operating Income?

Skyworth Group SWDHF 49 Operating Income is $236 Mil as of Dec. 2025. GuruFocus rates SWDHF with a GF Score™ of 49/100 and a GF Value™ of $0.49 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Skyworth Group's Operating Income for the six months ended in Dec. 2025 was $120 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $236 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Skyworth Group's Operating Income for the six months ended in Dec. 2025 was $120 Mil. Skyworth Group's Revenue for the six months ended in Dec. 2025 was $4,836 Mil. Therefore, Skyworth Group's Operating Margin % for the quarter that ended in Dec. 2025 was 2.49%.

Warning Sign:

Skyworth Group Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -5.2%.

Skyworth Group's 5-Year average Growth Rate for Operating Margin % was -5.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Skyworth Group's annualized ROC % for the quarter that ended in Dec. 2025 was 3.14%. Skyworth Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 7.57%.

Skyworth Group  (OTCPK:SWDHF) Operating Income Explanation

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

Skyworth Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=240.8 * ( 1 - 33.8% )/( (4826.75 + 5311.506)/ 2 )
=159.4096/5069.128
=3.14 %

where

Invested Capital(Q: Jun. 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))
=10449.418 - 4103.95 - ( 1690.992 - max(0, 5977.522 - 7496.24+1690.992))
=4826.75

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))
=10862.108 - 4304.719 - ( 1530.838 - max(0, 6317.015 - 7562.898+1530.838))
=5311.506

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Skyworth Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=267.776/( ( (1878.586 + max(1643.363, 0)) + (2028.055 + max(1527.573, 0)) )/ 2 )
=267.776/( ( 3521.949 + 3555.628 )/ 2 )
=267.776/3538.7885
=7.57 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2612.946 + 2760.153 + 432.149) - (4103.95 + 0 + 57.935)
=1643.363

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2547.28 + 2927.505 + 557.275) - (4304.719 + 0 + 199.768)
=1527.573

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Skyworth Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=120.4/4835.87
=2.49 %

* 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.

Skyworth Group Operating Income Related Terms

Skyworth Group Operating Income Historical Data

* Premium members only.

The historical data trend for Skyworth Group'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.

Skyworth Group Operating Income Chart

Skyworth Group Annual Data
Trend Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 252.15 278.12 361.62 269.89 238.10

Skyworth Group Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 254.06 127.78 142.57 115.45 120.40
SWDHF
49GF Score
Skyworth Group Ltd SWDHF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Skyworth Group 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $236 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 $236 Mil mean?
Skyworth Group (SWDHF) has a Operating Income of $236 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Skyworth Group and its competitors.
Is Skyworth Group's Operating Income too high?
Skyworth Group's current Operating Income is $236 Mil. Overall, Skyworth Group has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Skyworth Group's Operating Income compare to AAPL?
Skyworth Group's Operating Income of $236 Mil can be compared against companies in the Hardware 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 a Hardware company?
A good Operating Income depends on the Hardware 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 Skyworth Group and its competitors. Skyworth Group's current Operating Income is $236 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skyworth Group stock overvalued right now?
Based on GuruFocus' analysis, Skyworth Group (SWDHF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.49, compared to a current price of $0.59 — trading 19.5% above its estimated fair value. The current Operating Income is $236 Mil. Skyworth Group's overall GF Score™ is 49/100 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 Skyworth Group (SWDHF), the current Operating Income is $236 Mil as of Dec. 2025. 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 Skyworth Group (SWDHF) Overvalued in 2026?

Based on GuruFocus' analysis, Skyworth Group stock appears to be overvalued. The current stock price of $0.59 is trading 19.5% above its estimated GF Value™ of $0.49. GuruFocus considers Skyworth Group to be Modestly Overvalued.

Key valuation signals for SWDHF:

  • Operating Income: $236 Mil
  • GF Value™: $0.49 vs. price of $0.59 (19.5% above fair value)
  • GF Score™: 49/100 with 5 warning signs

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

Skyworth Group Business Description

Other Exchanges SWDHY:USA00751:Hong Kong
Address 18 High-Tech South 4th Road, Skyworth Semiconductor Design Building, 22-24F East District, Nanshan District, Shenzhen, CHN
Skyworth Group Ltd is mainly engaged in the manufacture and sales of smart TV, home access systems, photovoltaic products, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, modern services and trading of other products. Operating segments includes Smart Household Appliances Business which manufacture and sale of smart TV, smart white appliances and other smart appliances such as smart air conditioners, smart refrigerators; Smart Systems Technology Business which manufacture and sale of home access systems; New Energy Business which sale and installation of distributed photovoltaic power stations of which majority of revenue comes from Smart Household Appliances Business.
49GF Score

Get the complete analysis for SWDHF

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

$0.59
Price
$0.49
GF Value