Time Watch InvestmentsHKSE:02033 48 Operating Margin % is -19.86% as of Dec. 2025. GuruFocus rates HKSE:02033 with a GF Score™ of 48/100 and a GF Value™ of HK$0.23 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,039 Manufacturing - Apparel & Accessories companies, Time Watch Investments ranks worse than 88.84% on this metric.
The historical rank and industry rank for Time Watch Investments's Operating Margin % or its related term are showing as below:
HKSE:02033'
s Operating Margin % Range Over the Past 10 Years
Min: -13.11 Med: 10.42 Max: 14.8
Current: -13.11
HKSE:02033's Operating Margin % is ranked worse than 88.84% of 1039
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.08
vs HKSE:02033: -13.11
Time Watch Investments's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Time Watch Investments Ltd had lost money in 67% of the time over the past 3quarters.
Time Watch Investments (HKSE:02033) 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 Nokias 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.
Time Watch Investments Operating Margin % Related Terms
Time Watch Investments Operating Margin % Historical Data
* Premium members only.
The historical data trend for Time Watch Investments'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.
HKSE:02033 vs NKE, DECK, ONON: Operating Margin % Comparison
For the Footwear & Accessories subindustry, Time Watch Investments'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.
Time Watch Investments Operating Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Time Watch Investments's Operating Margin % falls into.
Time Watch Investments 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.
Time Watch Investments's Operating Margin % for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Time Watch Investments (HKSE:02033) has a Operating Margin % of -19.86% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Time Watch Investments and its competitors. According to the industry distribution chart, Time Watch Investments ranks #923 out of 1039 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 88.8%.
Is Time Watch Investments' Operating Margin % too high?
Time Watch Investments' current Operating Margin % is -19.86%. Based on the distribution chart, Time Watch Investments ranks #923 out of 1039 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Time Watch Investments has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Time Watch Investments' Operating Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Time Watch Investments ranks #923 out of 1039 companies for Operating Margin %. This places Time Watch Investments in the lower half of its industry. The industry median Operating Margin % is 4.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Manufacturing - Apparel & Accessories company?
The median Operating Margin % among Manufacturing - Apparel & Accessories companies is 4.08, based on 1,039 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Time Watch Investments and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Operating Margin % is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Time Watch Investments's current Operating Margin % is -19.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Time Watch Investments stock overvalued right now?
Based on GuruFocus' analysis, Time Watch Investments (HKSE:02033) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.26 — trading 10.9% above its estimated fair value. The current Operating Margin % is -19.86%. Time Watch Investments' overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Time Watch Investments (HKSE:02033), the current Operating Margin % is -19.86% 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 Time Watch Investments (HKSE:02033) Overvalued in 2026?
Based on GuruFocus' analysis, Time Watch Investments stock appears to be overvalued.
The current stock price of HK$0.26 is trading 10.9% above its estimated GF Value™ of HK$0.23.
GuruFocus considers Time Watch Investments to be Modestly Overvalued.
Key valuation signals for HKSE:02033:
Operating Margin %: -19.86%
GF Value™: HK$0.23 vs. price of HK$0.26 (10.9% above fair value)
No single metric tells the full story. See the HKSE:02033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.
48GF Score
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