WWNTY (Want Want China Holdings) Operating Income: $680 Mil (TTM As of Mar. 2026)

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WWNTY Want Want China Holdings Ltd WWNTY
69 GF Score
Price $21.23
GF Value $32.79
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Want Want China Holdings Operating Income?

Want Want China Holdings WWNTY 69 Operating Income is $680 Mil as of Mar. 2026. GuruFocus rates WWNTY with a GF Score™ of 69/100 and a GF Value™ of $32.79 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Want Want China Holdings's Operating Income for the six months ended in Mar. 2026 was $384 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $680 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Want Want China Holdings's Operating Income for the six months ended in Mar. 2026 was $384 Mil. Want Want China Holdings's Revenue for the six months ended in Mar. 2026 was $1,929 Mil. Therefore, Want Want China Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 19.91%.

Warning Sign:

Want Want China Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2.6%.

Want Want China Holdings's 5-Year average Growth Rate for Operating Margin % was -2.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Want Want China Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 23.59%. Want Want China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 84.52%.


Want Want China Holdings  (OTCPK:WWNTY) Operating Income Explanation

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

Want Want China Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=768.198 * ( 1 - 22.49% )/( (2534.22 + 2513.785)/ 2 )
=595.4302698/2524.0025
=23.59 %

where

Invested Capital(Q: Sep. 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))
=3835.191 - 198.578 - ( 1606.778 - max(0, 1190.758 - 2293.151+1606.778))
=2534.22

Invested Capital(Q: Mar. 2026 )
=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))
=4149.92 - 446.697 - ( 1651.658 - max(0, 1216.602 - 2406.04+1651.658))
=2513.785

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Want Want China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=804.2/( ( (900.567 + max(68.571, 0)) + (933.748 + max(-158.507, 0)) )/ 2 )
=804.2/( ( 969.138 + 933.748 )/ 2 )
=804.2/951.443
=84.52 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(134.781 + 385.701 + 165.891) - (198.578 + 0 + 419.224)
=68.571

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(148.313 + 384.509 + 124.309) - (446.697 + 0 + 368.941)
=-158.507

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Want Want China Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=384.099/1928.712
=19.91 %

* 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.


Want Want China Holdings Operating Income Related Terms


Want Want China Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Want Want China Holdings'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.

Want Want China Holdings Operating Income Chart

Want Want China Holdings Annual Data
Trend Dec16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 834.33 665.30 729.06 749.15 689.71

Want Want China Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 406.43 338.51 418.73 295.68 384.10
WWNTY
69GF Score
Want Want China Holdings Ltd WWNTY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Want Want China Holdings 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $680 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $680 Mil mean?
Want Want China Holdings (WWNTY) has a Operating Income of $680 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Want Want China Holdings and its competitors.
Is Want Want China Holdings' Operating Income too high?
Want Want China Holdings' current Operating Income is $680 Mil. Overall, Want Want China Holdings has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Want Want China Holdings' Operating Income compare to KHC and GIS?
Want Want China Holdings' Operating Income of $680 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Want Want China Holdings and its competitors. Want Want China Holdings's current Operating Income is $680 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Want Want China Holdings stock overvalued right now?
Based on GuruFocus' analysis, Want Want China Holdings (WWNTY) is currently considered Significantly Undervalued. The stock's GF Value™ is $32.79, compared to a current price of $21.23 — trading 35.3% below its estimated fair value. The current Operating Income is $680 Mil. Want Want China Holdings' overall GF Score™ is 69/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Want Want China Holdings (WWNTY), the current Operating Income is $680 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Want Want China Holdings (WWNTY) Overvalued in 2026?

Based on GuruFocus' analysis, Want Want China Holdings stock appears to be undervalued. The current stock price of $21.23 is trading 35.3% below its estimated GF Value™ of $32.79. GuruFocus considers Want Want China Holdings to be Significantly Undervalued.

Key valuation signals for WWNTY:

  • Operating Income: $680 Mil
  • GF Value™: $32.79 vs. price of $21.23 (35.3% below fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the WWNTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Want Want China Holdings Business Description

Other Exchanges 00151:Hong Kong4HQ:Germany
Address No. 18 Sheung Yuet Road, Units 07-08, 7th Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Want Want is a leading player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective segments. With a primary focus on mainland China, the company also exports to overseas markets. As of March 2025, Want Want China had 419 sales offices, 35 production bases, and 89 factories on the Chinese mainland and worked with around 10,000 distributors.
69GF Score

Get the complete analysis for WWNTY

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.23
Price
$32.79
GF Value