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Jinfa Labi Maternity & Baby Articles Co (SZSE:002762) Operating Income : ¥-6.1 Mil (TTM As of Sep. 2024)


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What is Jinfa Labi Maternity & Baby Articles Co Operating Income?

Jinfa Labi Maternity & Baby Articles Co's Operating Income for the three months ended in Sep. 2024 was ¥0.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was ¥-6.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jinfa Labi Maternity & Baby Articles Co's Operating Income for the three months ended in Sep. 2024 was ¥0.4 Mil. Jinfa Labi Maternity & Baby Articles Co's Revenue for the three months ended in Sep. 2024 was ¥60.3 Mil. Therefore, Jinfa Labi Maternity & Baby Articles Co's Operating Margin % for the quarter that ended in Sep. 2024 was 0.68%.

Jinfa Labi Maternity & Baby Articles 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. Jinfa Labi Maternity & Baby Articles Co's annualized ROC % for the quarter that ended in Sep. 2024 was 0.27%. Jinfa Labi Maternity & Baby Articles Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -8.28%.


Jinfa Labi Maternity & Baby Articles Co Operating Income Historical Data

The historical data trend for Jinfa Labi Maternity & Baby Articles 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.

Jinfa Labi Maternity & Baby Articles Co Operating Income Chart

Jinfa Labi Maternity & Baby Articles Co 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 63.34 38.69 38.37 6.93 -0.88

Jinfa Labi Maternity & Baby Articles 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 -2.88 -3.23 0.91 -4.15 0.41

Jinfa Labi Maternity & Baby Articles 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 ¥-6.1 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.


Jinfa Labi Maternity & Baby Articles Co  (SZSE:002762) Operating Income Explanation

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

Jinfa Labi Maternity & Baby Articles 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 )
=1.64 * ( 1 - -7.69% )/( (640.214 + 646.709)/ 2 )
=1.766116/643.4615
=0.27 %

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))
=870.559 - 36.002 - ( 194.343 - max(0, 52.468 - 319.51+194.343))
=640.214

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))
=862.498 - 33.48 - ( 182.309 - max(0, 52.084 - 318.929+182.309))
=646.709

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

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

Jinfa Labi Maternity & Baby Articles 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 )
=-26.736/( ( (247.16 + max(71.912, 0)) + (244.044 + max(82.859, 0)) )/ 2 )
=-26.736/( ( 319.072 + 326.903 )/ 2 )
=-26.736/322.9875
=-8.28 %

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)
=(11.745 + 98.384 + 10.586) - (36.002 + 0 + 12.801)
=71.912

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.974 + 101.898 + 10.447) - (33.48 + 0 + 14.98)
=82.859

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 %:

Jinfa Labi Maternity & Baby Articles 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 )
=0.41/60.312
=0.68 %

* 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.


Jinfa Labi Maternity & Baby Articles Co Operating Income Related Terms

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Jinfa Labi Maternity & Baby Articles Co Business Description

Traded in Other Exchanges
N/A
Address
No. 107, Jinan Road, Zhangpu Town , Jinping District, Guangdong Province, Shantou, CHN, 515061
Jinfa Labi Maternity & Baby Articles Co Ltd produces infant cotton clothing. It is specialized in maternal and child consumer goods like baby and children's clothing, baby cotton products and various maternal and child products.
Executives
Lin Hao Liang Director
Lin Ruo Wen Director
Sun Yu Executives
Ceng Wei Executives
Xie Jun Yuan Independent director
Wang Guo Hai Supervisors
Tang Dian Qin Director
Lin Jin Song Executives
Chen Xun Directors, executives
Bei Xu Directors, executives
Feng Yu Sheng Independent director
Li Shi Kai Supervisors

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