Fulin Plastic Industry (Cayman) Holding Co (TPE:1341) Operating Income : NT$297 Mil (TTM As of Sep. 2024)

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What is Fulin Plastic Industry (Cayman) Holding Co Operating Income?

Fulin Plastic Industry (Cayman) Holding Co's Operating Income for the three months ended in Sep. 2024 was NT$69 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was NT$297 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fulin Plastic Industry (Cayman) Holding Co's Operating Income for the three months ended in Sep. 2024 was NT$69 Mil. Fulin Plastic Industry (Cayman) Holding Co's Revenue for the three months ended in Sep. 2024 was NT$688 Mil. Therefore, Fulin Plastic Industry (Cayman) Holding Co's Operating Margin % for the quarter that ended in Sep. 2024 was 10.10%.

Good Sign:

Fulin Plastic Industry (Cayman) Holding Co operating margin is expanding. Margin expansion is usually a good sign.

Fulin Plastic Industry (Cayman) Holding Co's 5-Year average Growth Rate for Operating Margin % was 6.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fulin Plastic Industry (Cayman) Holding Co's annualized ROC % for the quarter that ended in Sep. 2024 was 15.56%. Fulin Plastic Industry (Cayman) Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 23.99%.

Fulin Plastic Industry (Cayman) Holding Co Operating Income Historical Data

The historical data trend for Fulin Plastic Industry (Cayman) Holding 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.

Fulin Plastic Industry (Cayman) Holding Co Operating Income Chart

Fulin Plastic Industry (Cayman) Holding Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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360.22

393.93

356.23

367.71

294.90

Fulin Plastic Industry (Cayman) Holding 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															62.22	68.86	74.27	84.73	69.46

Fulin Plastic Industry (Cayman) Holding 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 NT$297 Mil.

Fulin Plastic Industry (Cayman) Holding Co (TPE:1341) Operating Income Explanation

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

Fulin Plastic Industry (Cayman) Holding 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 )
=	277.82 * ( 1 - 24.54% )	/	( (1291.572	+	1402.544)	/ 2 )
=	209.642972	/	1347.058
=	15.56 %

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	))
=	2370.437	-	553.455	-	( 525.41	-	max(0, 1038.976	-	1733.791	+	525.41	))
=	1291.572

	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	))
=	2240.293	-	267.743	-	( 570.006	-	max(0, 856.116	-	1587.525	+	570.006	))
=	1402.544

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

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

Fulin Plastic Industry (Cayman) Holding 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 )
=	309.672	/	( ( (596.883 + max(638.238, 0))	+	(611.098 + max(735.188, 0)) )	/	2 )
=	309.672	/	( ( 1235.121	+	1346.286 )	/	2 )
=	309.672	/	1290.7035
=	23.99 %

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)
=	(528.054	+	634.017	+	42.001)	-	(553.455	+	0	+	12.379)
=	638.238

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(398.568	+	562	+	54.304)	-	(267.743	+	0	+	11.941)
=	735.188

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 %:

Fulin Plastic Industry (Cayman) Holding 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 )
	=	69.455	/	687.585
	=	10.10 %

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.

Fulin Plastic Industry (Cayman) Holding Co Operating Income Related Terms

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Fulin Plastic Industry (Cayman) Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fulin Plastic Industry (Cayman) Holding Co (TPE:1341) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

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Address

Km9, Pham Van Dong Street, Hai Thanh Ward, Duong Kinh District, Hai Phong, VNM

Website

https://www.fulinvn.com

Fulin Plastic Industry (Cayman) Holding Co is engaged in the international trading business. It mainly focuses on the Fulin Plastic segment which includes the production and sales of latex leathers, tapes, and soft leathers. The company's products include PVC solid leather, PVC sponge leather, PVC casting leather, PVC sheet, tarpaulin, and embossing.

Fulin Plastic Industry (Cayman) Holding Co Headlines

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