SZDEF (Dongjiang Environmental Co) Operating Income: $-82.1 Mil (TTM As of Dec. 2025)

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SZDEF Dongjiang Environmental Co Ltd SZDEF
53 GF Score
Price $0.29
GF Value $0.28
! 7 Warning Signs
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What is Dongjiang Environmental Co Operating Income?

Dongjiang Environmental Co SZDEF 53 Operating Income is $-82.1 Mil as of Dec. 2025. GuruFocus rates SZDEF with a GF Score™ of 53/100 and a GF Value™ of $0.28. The stock has 7 warning signs investors should review.

Dongjiang Environmental Co's Operating Income for the three months ended in Dec. 2025 was $-23.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-82.1 Mil.

Warning Sign:

Dongjiang Environmental Co Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dongjiang Environmental Co's Operating Income for the three months ended in Dec. 2025 was $-23.2 Mil. Dongjiang Environmental Co's Revenue for the three months ended in Dec. 2025 was $150.1 Mil. Therefore, Dongjiang Environmental Co's Operating Margin % for the quarter that ended in Dec. 2025 was -15.49%.

Dongjiang Environmental 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. Dongjiang Environmental Co's annualized ROC % for the quarter that ended in Dec. 2025 was -6.26%. Dongjiang Environmental Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -56.46%.

Dongjiang Environmental Co  (OTCPK:SZDEF) Operating Income Explanation

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

Dongjiang Environmental Co'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-92.964 * ( 1 - 0.28% )/( (1530.628 + 1431.546)/ 2 )
=-92.7037008/1481.087
=-6.26 %

where

Invested Capital(Q: Sep. 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))
=1509.951 - 100.768 - ( 155.439 - max(0, 608.386 - 486.941+155.439))
=1530.628

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))
=1406.694 - 139.553 - ( 158.644 - max(0, 608.69 - 444.285+158.644))
=1431.546

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

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

Dongjiang Environmental Co'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-369.18/( ( (615.657 + max(-73.369, 0)) + (613.916 + max(78.079, 0)) )/ 2 )
=-369.18/( ( 615.657 + 691.995 )/ 2 )
=-369.18/653.826
=-56.46 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(121.423 + 120.644 + 42.258) - (100.768 + 0 + 256.926)
=-73.369

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.902 + 90.771 + 45.636) - (139.553 + 0 + 24.677)
=78.079

When net working capital is negative, 0 is used.

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

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

Dongjiang Environmental Co'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 )
=-23.241/150.062
=-15.49 %

* 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.

Dongjiang Environmental Co Operating Income Related Terms

Dongjiang Environmental Co Operating Income Historical Data

* Premium members only.

The historical data trend for Dongjiang Environmental 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.

Dongjiang Environmental Co Operating Income Chart

Dongjiang Environmental 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 59.53 -13.75 -72.32 -55.21 -83.25

Dongjiang Environmental Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -11.32 -19.12 -13.48 -26.28 -23.24
SZDEF
53GF Score
Dongjiang Environmental Co Ltd SZDEF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dongjiang Environmental 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-82.1 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 $-82.1 Mil mean?
Dongjiang Environmental Co (SZDEF) has a Operating Income of $-82.1 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dongjiang Environmental Co and its competitors.
Is Dongjiang Environmental Co's Operating Income too high?
Dongjiang Environmental Co's current Operating Income is $-82.1 Mil. Overall, Dongjiang Environmental Co has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Dongjiang Environmental Co's Operating Income compare to WM and RSG?
Dongjiang Environmental Co's Operating Income of $-82.1 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good Operating Income depends on the Waste Management 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 Dongjiang Environmental Co and its competitors. Dongjiang Environmental Co's current Operating Income is $-82.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dongjiang Environmental Co stock overvalued right now?
Dongjiang Environmental Co (SZDEF) has a current Operating Income of $-82.1 Mil. The stock's GF Value™ is $0.28, compared to a current price of $0.29 — trading 4.9% above its estimated fair value. The current Operating Income is $-82.1 Mil. Dongjiang Environmental Co's overall GF Score™ is 53/100 with 7 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 Dongjiang Environmental Co (SZDEF), the current Operating Income is $-82.1 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 Dongjiang Environmental Co (SZDEF) Overvalued in 2026?

Based on GuruFocus' analysis, Dongjiang Environmental Co stock appears to be overvalued. The current stock price of $0.29 is trading 4.9% above its estimated GF Value™ of $0.28.

Key valuation signals for SZDEF:

  • Operating Income: $-82.1 Mil
  • GF Value™: $0.28 vs. price of $0.29 (4.9% above fair value)
  • GF Score™: 53/100 with 7 warning signs

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

Dongjiang Environmental Co Business Description

Other Exchanges 00895:Hong Kong002672:China
Address No. 9 Langshan Road, 1st Floor, 3rd Floor, North of 8th Floor, 9th-12th Floor, Dongjiang Environmental Building, North Zone of Hi-tech Industrial Park, Nanshan, Shenzhen, CHN
Dongjiang Environmental Co Ltd is an investment holding company principally engaged in waste treatment businesses. It operates in the following segments: Industrial waste recycling; Industrial waste treatment and disposal; Rare and precious metals recycling; Municipal waste treatment and disposal; Electronic waste dismantling treatment; Renewable energy utilization; Environmental engineering and services and others. It derives maximum revenue from Industrial Waste recycling segment.
53GF Score

Get the complete analysis for SZDEF

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

$0.29
Price
$0.28
GF Value