CN Asia Bhd (XKLS:7986) Operating Income : RM1.02 Mil (TTM As of Dec. 2023)

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What is CN Asia Bhd Operating Income?

CN Asia Bhd's Operating Income for the three months ended in Dec. 2023 was RM0.41 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was RM1.02 Mil.

Warning Sign:

CN Asia Corp Bhd had lost money in 75% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. CN Asia Bhd's Operating Income for the three months ended in Dec. 2023 was RM0.41 Mil. CN Asia Bhd's Revenue for the three months ended in Dec. 2023 was RM5.56 Mil. Therefore, CN Asia Bhd's Operating Margin % for the quarter that ended in Dec. 2023 was 7.45%.

CN Asia Bhd'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. CN Asia Bhd's annualized ROC % for the quarter that ended in Dec. 2023 was 3.70%. CN Asia Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.80%.

CN Asia Bhd Operating Income Historical Data

The historical data trend for CN Asia Bhd'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.

CN Asia Bhd Operating Income Chart

CN Asia Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Operating Income

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1.48

1.06

1.07

-0.60

-4.88

CN Asia Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															-1.42	-5.12	0.31	0.30	0.41

CN Asia Bhd 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM1.02 Mil.

CN Asia Bhd (XKLS:7986) Operating Income Explanation

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

CN Asia Bhd's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1.656 * ( 1 - 9.28% )	/	( (39.961	+	41.162)	/ 2 )
=	1.5023232	/	40.5615
=	3.70 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	54.408	-	2.756	-	( 11.691	-	max(0, 8.582	-	39.569	+	11.691	))
=	39.961

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	56.238	-	2.62	-	( 12.456	-	max(0, 10.223	-	41.651	+	12.456	))
=	41.162

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

CN Asia Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.78	/	( ( (14.767 + max(2.497, 0))	+	(14.523 + max(1.178, 0)) )	/	2 )
=	1.78	/	( ( 17.264	+	15.701 )	/	2 )
=	1.78	/	16.4825
=	10.80 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.748	+	4.658	+	0)	-	(2.756	+	0	+	2.153)
=	2.497

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.368	+	4.494	+	0.025000000000006)	-	(2.62	+	0	+	3.089)
=	1.178

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

CN Asia Bhd's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.414	/	5.559
	=	7.45 %

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.

CN Asia Bhd Operating Income Related Terms

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CN Asia Bhd (XKLS:7986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CN Asia Corp Bhd (XKLS:7986) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

Jalan Balakong, Lot 7907, Batu 11, Ground Floor Office Building, Seri Kembangan, SGR, MYS, 43300

Website

https://www.cnasia.com

CN Asia Corp Bhd is an investment holding company. It is engaged in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, and piping for the petroleum industry as well as specialized engineering and fabrication works, and sub-contractor for civil engineering work. The company segments include Manufacturing, Investment, Energy Management, and Financial Services. It generates maximum revenue from the Manufacturing segment.

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