GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Goodbaby International Holdings Ltd (HKSE:01086) » Definitions » Operating Income

Goodbaby International Holdings (HKSE:01086) Operating Income : HK$265 Mil (TTM As of Dec. 2023)


View and export this data going back to 2010. Start your Free Trial

What is Goodbaby International Holdings Operating Income?

Goodbaby International Holdings's Operating Income for the six months ended in Dec. 2023 was HK$208 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$265 Mil.

Warning Sign:

Goodbaby International Holdings Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Goodbaby International Holdings's Operating Income for the six months ended in Dec. 2023 was HK$208 Mil. Goodbaby International Holdings's Revenue for the six months ended in Dec. 2023 was HK$4,038 Mil. Therefore, Goodbaby International Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was 5.15%.

Goodbaby International Holdings'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. Goodbaby International Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 4.92%. Goodbaby International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 46.14%.


Goodbaby International Holdings Operating Income Historical Data

The historical data trend for Goodbaby International 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.

* Premium members only.

Goodbaby International Holdings Operating Income Chart

Goodbaby International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 377.93 402.33 150.64 -3.90 264.94

Goodbaby International Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 3.55 -16.81 12.90 56.85 208.09

Goodbaby International 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$265 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.


Goodbaby International Holdings  (HKSE:01086) Operating Income Explanation

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

Goodbaby International Holdings'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: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=416.18 * ( 1 - -3.99% )/( (8055.834 + 9536.125)/ 2 )
=432.785582/8795.9795
=4.92 %

where

Invested Capital(Q: Jun. 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))
=11271.501 - 1861.225 - ( 2494.567 - max(0, 3343.84 - 4698.282+2494.567))
=8055.834

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))
=11373.454 - 1570.133 - ( 2748.934 - max(0, 5184.232 - 5451.428+2748.934))
=9536.125

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Goodbaby International Holdings'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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=560.912/( ( (1265.96 + max(-303.469, 0)) + (1165.481 + max(-74.654000000001, 0)) )/ 2 )
=560.912/( ( 1265.96 + 1165.481 )/ 2 )
=560.912/1215.7205
=46.14 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1093.847 + 1494.454 + -877.875) - (1861.225 + 0 + 152.67)
=-303.469

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1175.812 + 1462.781 + -341.971) - (1570.133 + 0 + 801.143)
=-74.654000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Goodbaby International Holdings'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 )
=208.09/4038.127
=5.15 %

* 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.


Goodbaby International Holdings Operating Income Related Terms

Thank you for viewing the detailed overview of Goodbaby International Holdings's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Goodbaby International Holdings (HKSE:01086) Business Description

Traded in Other Exchanges
Address
28 East Lufeng Road, Lujia Town, Jiangsu Province, Kunshan, CHN, 215331
Goodbaby International Holdings Ltd is an investment holding company principally engaged in the manufacture and distribution of products for children. The company has four reportable segments namely Strollers and accessories, Car seats and accessories, Non-durable products, and Others. It derives maximum revenue from the Strollers and accessories segment. Geographically, it generates the majority of its revenue from Mainland China and also has a presence in European, North America, and Other Countries. The company's own-branded products, which contribute the majority of company revenue, include Evenflo, Cybex, and Happy Dino.
Executives
Fu Jingqiu 2201 Interest of corporation controlled by you
Song Zhenghuan 2201 Interest of corporation controlled by you
Cayey Enterprises Limited 2201 Interest of corporation controlled by you
Rosy Phoenix Limited 2201 Interest of corporation controlled by you
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Credit Suisse Trust Limited 2301 Trustee
Grappa Holdings Limited 2201 Interest of corporation controlled by you
Pacific United Developments Limited 2101 Beneficial owner
Sure Growth Investments Limited 2101 Beneficial owner
Golden Phoenix Limited 2201 Interest of corporation controlled by you

Goodbaby International Holdings (HKSE:01086) Headlines

No Headlines