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Guangdong Silver Age Sci and Tech Co (SZSE:300221) Operating Income : ¥86 Mil (TTM As of Dec. 2024)


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What is Guangdong Silver Age Sci and Tech Co Operating Income?

Guangdong Silver Age Sci and Tech Co's Operating Income for the three months ended in Dec. 2024 was ¥24 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was ¥86 Mil.

Warning Sign:

Guangdong Silver Age Sci and Tech Co Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Guangdong Silver Age Sci and Tech Co's Operating Income for the three months ended in Dec. 2024 was ¥24 Mil. Guangdong Silver Age Sci and Tech Co's Revenue for the three months ended in Dec. 2024 was ¥606 Mil. Therefore, Guangdong Silver Age Sci and Tech Co's Operating Margin % for the quarter that ended in Dec. 2024 was 3.88%.

Guangdong Silver Age Sci and Tech 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. Guangdong Silver Age Sci and Tech Co's annualized ROC % for the quarter that ended in Dec. 2024 was 4.86%. Guangdong Silver Age Sci and Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 5.40%.


Guangdong Silver Age Sci and Tech Co Operating Income Historical Data

The historical data trend for Guangdong Silver Age Sci and Tech 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.

Guangdong Silver Age Sci and Tech Co Operating Income Chart

Guangdong Silver Age Sci and Tech Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.45 80.23 0.42 56.16 86.09

Guangdong Silver Age Sci and Tech Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 23.92 2.57 32.96 27.03 23.53

Guangdong Silver Age Sci and Tech 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥86 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.


Guangdong Silver Age Sci and Tech Co  (SZSE:300221) Operating Income Explanation

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

Guangdong Silver Age Sci and Tech Co's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=94.108 * ( 1 - 14.4% )/( (1658.729 + 1653.282)/ 2 )
=80.556448/1656.0055
=4.86 %

where

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))
=2217.444 - 482.585 - ( 76.13 - max(0, 711.286 - 1252.828+76.13))
=1658.729

Invested Capital(Q: Dec. 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))
=2333.014 - 562.419 - ( 117.313 - max(0, 817.549 - 1368.437+117.313))
=1653.282

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

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

Guangdong Silver Age Sci and Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2024  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=61.672/( ( (683.235 + max(453.585, 0)) + (686.087 + max(460.639, 0)) )/ 2 )
=61.672/( ( 1136.82 + 1146.726 )/ 2 )
=61.672/1141.773
=5.40 %

where Working Capital is:

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(545.034 + 277.081 + 124.796) - (482.585 + 0 + 10.741)
=453.585

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(634.195 + 306.325 + 97.382) - (562.419 + 0 + 14.844)
=460.639

When net working capital is negative, 0 is used.

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

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

Guangdong Silver Age Sci and Tech Co's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=23.527/605.959
=3.88 %

* 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.


Guangdong Silver Age Sci and Tech Co Operating Income Related Terms

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Guangdong Silver Age Sci and Tech Co Business Description

Traded in Other Exchanges
N/A
Address
Juqi Village, Humen Town, Dongguan, CHN, 523927
Guangdong Silver Age Sci and Tech Co Ltd are engaged in the research, development, production, and sale of high-performance polymer new materials in China. It produces fuel-resistant, weather-resistant, reinforced and toughened materials, and plastic alloy materials. Its products are widely used in household appliances, automobiles, IT electronics, LED lights, power tools, wire and cable, road materials and other fields.
Executives
Zheng Gui Hua Secretary Dong
Gu Xian Feng Executives
Lin Deng Can Directors, executives
Fu Yi Director
Zhang De Qing Director
Tan Ying Er Director
Huang Jing Dong Director
Tan Song Bin Director
Chen Yu Mei Securities Affairs Representative
Yuan Zhi Gang Director
Ye Jian Zhong Supervisors

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