XYIGF (Xinyi Glass Holdings) Operating Income: $490 Mil (TTM As of Dec. 2025)

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XYIGF Xinyi Glass Holdings Ltd XYIGF
40 GF Score
Price $1.25
GF Value $0.93
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Xinyi Glass Holdings Operating Income?

Xinyi Glass Holdings XYIGF 40 Operating Income is $490 Mil as of Dec. 2025. GuruFocus rates XYIGF with a GF Score™ of 40/100 and a GF Value™ of $0.93 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Xinyi Glass Holdings's Operating Income for the six months ended in Dec. 2025 was $304 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $490 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Xinyi Glass Holdings's Operating Income for the six months ended in Dec. 2025 was $304 Mil. Xinyi Glass Holdings's Revenue for the six months ended in Dec. 2025 was $1,563 Mil. Therefore, Xinyi Glass Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 19.47%.

Warning Sign:

Xinyi Glass Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -12.6%.

Xinyi Glass Holdings's 5-Year average Growth Rate for Operating Margin % was -12.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Xinyi Glass Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 10.68%. Xinyi Glass Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.96%.


Xinyi Glass Holdings  (OTCPK:XYIGF) Operating Income Explanation

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

Xinyi Glass Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=608.736 * ( 1 - 0% )/( (5698.741 + 5701.601)/ 2 )
=608.736/5700.171
=10.68 %

where

Invested Capital(Q: Jun. 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))
=6839.873 - 870.115 - ( 271.017 - max(0, 1499.728 - 1772.808+271.017))
=5698.741

Invested Capital(Q: Dec. 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))
=6761.646 - 669.011 - ( 391.034 - max(0, 1245.119 - 1691.365+391.034))
=5701.601

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Xinyi Glass Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=462.83/( ( (3312.276 + max(631.677, 0)) + (3149.949 + max(48.711, 0)) )/ 2 )
=462.83/( ( 3943.953 + 3198.66 )/ 2 )
=462.83/3571.3065
=12.96 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(953.066 + 537.684 + 11.041) - (870.115 + 0 + -0.00099999999997635)
=631.677

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(282.194 + 503.097 + 11.306) - (669.011 + 0 + 78.875)
=48.711

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Xinyi Glass Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=304.368/1562.882
=19.47 %

* 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.


Xinyi Glass Holdings Operating Income Related Terms


Xinyi Glass Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Xinyi Glass 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.

Xinyi Glass Holdings Operating Income Chart

Xinyi Glass Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,555.25 610.61 699.17 600.44 493.68

Xinyi Glass Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 454.23 285.85 315.61 185.69 304.37
XYIGF
40GF Score
Xinyi Glass Holdings Ltd XYIGF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Xinyi Glass 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $490 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 $490 Mil mean?
Xinyi Glass Holdings (XYIGF) has a Operating Income of $490 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Xinyi Glass Holdings and its competitors.
Is Xinyi Glass Holdings' Operating Income too high?
Xinyi Glass Holdings' current Operating Income is $490 Mil. Overall, Xinyi Glass Holdings has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xinyi Glass Holdings' Operating Income compare to CRH and VMC?
Xinyi Glass Holdings' Operating Income of $490 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Xinyi Glass Holdings and its competitors. Xinyi Glass Holdings's current Operating Income is $490 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinyi Glass Holdings stock overvalued right now?
Based on GuruFocus' analysis, Xinyi Glass Holdings (XYIGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.93, compared to a current price of $1.25 — trading 34.4% above its estimated fair value. The current Operating Income is $490 Mil. Xinyi Glass Holdings' overall GF Score™ is 40/100 with 5 warning signs 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 Xinyi Glass Holdings (XYIGF), the current Operating Income is $490 Mil as of Dec. 2025. 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 Xinyi Glass Holdings (XYIGF) Overvalued in 2026?

Based on GuruFocus' analysis, Xinyi Glass Holdings stock appears to be overvalued. The current stock price of $1.25 is trading 34.4% above its estimated GF Value™ of $0.93. GuruFocus considers Xinyi Glass Holdings to be Significantly Overvalued.

Key valuation signals for XYIGF:

  • Operating Income: $490 Mil
  • GF Value™: $0.93 vs. price of $1.25 (34.4% above fair value)
  • GF Score™: 40/100 with 5 warning signs

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


Xinyi Glass Holdings Business Description

Address 135 Hoi Bun Road, Unit 2101-2108, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Xinyi Glass Holdings Ltd is engaged in the production and sales of float glass products, automobile glass products, construction glass products, and a variety of related products in the PRC and Malaysia. Its product portfolio comprises clear glass, glass for windshields, heating glass, laminated glass, heat-reflective coated glass, and others. The company's operating segments are Float glass, Automobile glass, and Architectural glass. A majority of its revenue is generated from the Float glass segment, which offers clear glass, F-green glass, and European gray glass. Geographically, the company generates maximum revenue from Greater China, and the rest from other regions like Europe, Australia, New Zealand, Africa, the Middle East, Central America, North and South America.
40GF Score

Get the complete analysis for XYIGF

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

$1.25
Price
$0.93
GF Value