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Suntront Technology Co (SZSE:300259) Operating Income : ¥213.6 Mil (TTM As of Sep. 2024)


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What is Suntront Technology Co Operating Income?

Suntront Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥53.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was ¥213.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Suntront Technology Co's Operating Income for the three months ended in Sep. 2024 was ¥53.2 Mil. Suntront Technology Co's Revenue for the three months ended in Sep. 2024 was ¥234.5 Mil. Therefore, Suntront Technology Co's Operating Margin % for the quarter that ended in Sep. 2024 was 22.69%.

Good Sign:

Suntront Technology Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Suntront Technology Co's 5-Year average Growth Rate for Operating Margin % was 2.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Suntront Technology Co's annualized ROC % for the quarter that ended in Sep. 2024 was 11.38%. Suntront Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 20.21%.


Suntront Technology Co Operating Income Historical Data

The historical data trend for Suntront Technology 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.

Suntront Technology Co Operating Income Chart

Suntront Technology 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 293.38 329.71 301.72 283.12 242.40

Suntront Technology 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 74.51 93.65 24.68 42.06 53.21

Suntront Technology 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 ¥213.6 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.


Suntront Technology Co  (SZSE:300259) Operating Income Explanation

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

Suntront Technology 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 )
=212.828 * ( 1 - 10.81% )/( (1649.847 + 1686.926)/ 2 )
=189.8212932/1668.3865
=11.38 %

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))
=3271.376 - 382.823 - ( 1238.706 - max(0, 430.861 - 2189.381+1238.706))
=1649.847

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))
=3349.25 - 394.41 - ( 1267.914 - max(0, 448.243 - 2236.688+1267.914))
=1686.926

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

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

Suntront Technology 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 )
=212.828/( ( (603.548 + max(450.179, 0)) + (607.286 + max(445.146, 0)) )/ 2 )
=212.828/( ( 1053.727 + 1052.432 )/ 2 )
=212.828/1053.0795
=20.21 %

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)
=(510.563 + 288.432 + 82.045) - (382.823 + 0 + 48.038)
=450.179

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(513.264 + 299.84 + 80.285) - (394.41 + 0 + 53.833)
=445.146

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 %:

Suntront Technology 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 )
=53.207/234.452
=22.69 %

* 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.


Suntront Technology Co Operating Income Related Terms

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Suntront Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 252 Hongsong Road, High and New Tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450001
Suntront Technology Co Ltd is a Chinese manufacturer of smart meters. It develops smart meter technologies and solutions for use in the electricity, gas and water utility and distribution industries in China. The product portfolio of the company covers smart water meters, smart heat meters, gas meters, smart energy meters, AMR system, remote devices, and other products.
Executives
Liu Chang Executives
Xu Wen Liang Executives
Chang Ming Song Directors, executives
Li Jian Director
Liu Sheng Li Directors, executives
Wang Jun Director
Fei Zhan Bo Director
Yang Dong Ling Director, Securities Affairs Representative
Song Hong Liang Supervisors
Li Jian Wei Supervisors
Fei Zhan Jun Directors, executives
Lin An Xiu Executives
Wei Dong Lin Director
Yuan Jin Long Directors, executives
Zheng Yong Feng Supervisors

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