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Quali-Smart Holdings (HKSE:01348) Operating Margin % : -5.80% (As of Sep. 2023)


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What is Quali-Smart Holdings Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Quali-Smart Holdings's Operating Income for the six months ended in Sep. 2023 was HK$-7.4 Mil. Quali-Smart Holdings's Revenue for the six months ended in Sep. 2023 was HK$127.1 Mil. Therefore, Quali-Smart Holdings's Operating Margin % for the quarter that ended in Sep. 2023 was -5.80%.

Warning Sign:

Quali-Smart Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -26.9%.

The historical rank and industry rank for Quali-Smart Holdings's Operating Margin % or its related term are showing as below:

HKSE:01348' s Operating Margin % Range Over the Past 10 Years
Min: -8.46   Med: -3.31   Max: 3.59
Current: -8.46


HKSE:01348's Operating Margin % is ranked worse than
83.05% of 820 companies
in the Travel & Leisure industry
Industry Median: 8.34 vs HKSE:01348: -8.46

Quali-Smart Holdings's 5-Year Average Operating Margin % Growth Rate was -26.90% per year.

Quali-Smart Holdings's Operating Income for the six months ended in Sep. 2023 was HK$-7.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-19.7 Mil.


Quali-Smart Holdings Operating Margin % Historical Data

The historical data trend for Quali-Smart Holdings's Operating Margin % 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.

Quali-Smart Holdings Operating Margin % Chart

Quali-Smart Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.03 -5.17 -3.00 -8.14 -6.81

Quali-Smart Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Operating Margin % 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 -4.72 -12.44 -4.63 -11.65 -5.80

Competitive Comparison of Quali-Smart Holdings's Operating Margin %

For the Leisure subindustry, Quali-Smart Holdings's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Quali-Smart Holdings's Operating Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Quali-Smart Holdings's Operating Margin % falls into.



Quali-Smart Holdings Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Quali-Smart Holdings's Operating Margin % for the fiscal year that ended in Mar. 2023 is calculated as

Operating Margin %=Operating Income (A: Mar. 2023 ) / Revenue (A: Mar. 2023 )
=-23.275 / 341.801
=-6.81 %

Quali-Smart Holdings's Operating Margin % for the quarter that ended in Sep. 2023 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=-7.38 / 127.149
=-5.80 %

* 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.


Quali-Smart Holdings  (HKSE:01348) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Quali-Smart Holdings Operating Margin % Related Terms

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Quali-Smart Holdings (HKSE:01348) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Tsuen Wan, Workshop C, 19th Floor, TML Tower, New Territories, Hong Kong, HKG
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
Executives
Benefit Global Limited 2101 Beneficial owner
Blackpine Private Equity Partners G.p. Limited 2201 Interest of corporation controlled by you
Clearfield Global Limited 2201 Interest of corporation controlled by you
Chu Lawrence Sheng Yu 2201 Interest of corporation controlled by you
Li Man Yee Stella 2101 Beneficial owner
Lau Ho Ming Peter 2101 Beneficial owner
Smart Investor Holdings Limited 2101 Beneficial owner
Zhongtai Securities Company Limited
Zhong Tai Jin Rong Guo Ji You Xian Gong Si 2101 Beneficial owner
Shan Dong Gang Tie Ji Tuan You Xian Gong Si
Lai Wu Gang Tie Ji Tuan You Xian Gong Si

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