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Shanghai Yongli Belting Co (SZSE:300230) Operating Income : ¥257 Mil (TTM As of Mar. 2025)


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What is Shanghai Yongli Belting Co Operating Income?

Shanghai Yongli Belting Co's Operating Income for the three months ended in Mar. 2025 was ¥43 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2025 was ¥257 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shanghai Yongli Belting Co's Operating Income for the three months ended in Mar. 2025 was ¥43 Mil. Shanghai Yongli Belting Co's Revenue for the three months ended in Mar. 2025 was ¥508 Mil. Therefore, Shanghai Yongli Belting Co's Operating Margin % for the quarter that ended in Mar. 2025 was 8.51%.

Good Sign:

Shanghai Yongli Belting Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Shanghai Yongli Belting Co's 5-Year average Growth Rate for Operating Margin % was 0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shanghai Yongli Belting Co's annualized ROC % for the quarter that ended in Mar. 2025 was 5.03%. Shanghai Yongli Belting Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 8.42%.


Shanghai Yongli Belting Co Operating Income Historical Data

The historical data trend for Shanghai Yongli Belting 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.

Shanghai Yongli Belting Co Operating Income Chart

Shanghai Yongli Belting 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 347.11 340.31 258.44 245.10 241.77

Shanghai Yongli Belting Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 28.17 74.18 87.61 51.81 43.23

Shanghai Yongli Belting 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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥257 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.


Shanghai Yongli Belting Co  (SZSE:300230) Operating Income Explanation

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

Shanghai Yongli Belting Co's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=172.904 * ( 1 - 13.95% )/( (2966.071 + 2954.847)/ 2 )
=148.783892/2960.459
=5.03 %

where

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))
=4277.834 - 359.829 - ( 951.934 - max(0, 848.58 - 2584.092+951.934))
=2966.071

Invested Capital(Q: Mar. 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))
=4211.526 - 307.991 - ( 948.688 - max(0, 794.444 - 2533.246+948.688))
=2954.847

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

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

Shanghai Yongli Belting Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=185.84/( ( (1106.163 + max(1109.995, 0)) + (1089.097 + max(1110.366, 0)) )/ 2 )
=185.84/( ( 2216.158 + 2199.463 )/ 2 )
=185.84/2207.8105
=8.42 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(534.402 + 466.518 + 536.233) - (359.829 + 0 + 67.329)
=1109.995

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(477.133 + 469.906 + 551.373) - (307.991 + 0 + 80.055)
=1110.366

When net working capital is negative, 0 is used.

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

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

Shanghai Yongli Belting Co's Operating Margin % for the quarter that ended in Mar. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2025 )/Revenue (Q: Mar. 2025 )
=43.226/508.047
=8.51 %

* 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.


Shanghai Yongli Belting Co Operating Income Related Terms

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Shanghai Yongli Belting Co Business Description

Traded in Other Exchanges
N/A
Address
No. 58, Xuwang Road, Xujing Town, Qingpu District, Shanghai, CHN, 201702
Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.
Executives
Huang Xiao Dong Director
Yun Li Ming Directors, executives
Jiang Feng Executives
Shi Pei Hao Director
Wang Yi Yi Executives
Chen Zhi Liang Supervisors
Yang Zhen Ping Supervisors
Yu Cheng Lei Directors, executives
Zhang Wei Directors, executives

Shanghai Yongli Belting Co Headlines

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