Jintai Energy Holdings (HKSE:02728) Operating Income : HK$3 Mil (TTM As of Dec. 2023)

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What is Jintai Energy Holdings Operating Income?

Jintai Energy Holdings's Operating Income for the six months ended in Dec. 2023 was HK$0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jintai Energy Holdings's Operating Income for the six months ended in Dec. 2023 was HK$0 Mil. Jintai Energy Holdings's Revenue for the six months ended in Dec. 2023 was HK$1,297 Mil. Therefore, Jintai Energy Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was 0.02%.

Jintai Energy 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. Jintai Energy Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 0.24%. Jintai Energy Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 34.93%.

Jintai Energy Holdings Operating Income Historical Data

The historical data trend for Jintai Energy 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.

Jintai Energy Holdings Operating Income Chart

Jintai Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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-36.99

-14.41

171.71

0.55

3.46

Jintai Energy 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															20.73	23.64	-23.08	3.25	0.21

Jintai Energy 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$3 Mil.

Jintai Energy Holdings (HKSE:02728) Operating Income Explanation

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

Jintai Energy 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 )
=	0.422 * ( 1 - 6.11% )	/	( (64.909	+	264.367)	/ 2 )
=	0.3962158	/	164.638
=	0.24 %

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	))
=	335.763	-	57.615	-	( 264.171	-	max(0, 118.425	-	331.664	+	264.171	))
=	64.909

	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	))
=	304.734	-	15.137	-	( 25.23	-	max(0, 81.725	-	301.835	+	25.23	))
=	264.367

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:

Jintai Energy 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 )
=	42.81	/	( ( (4.099 + max(-59.894, 0))	+	(2.899 + max(238.155, 0)) )	/	2 )
=	42.81	/	( ( 4.099	+	241.054 )	/	2 )
=	42.81	/	122.5765
=	34.93 %

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)
=	(0	+	0	+	15.214)	-	(57.615	+	0	+	17.493)
=	-59.894

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(144.295	+	0	+	131.52)	-	(15.137	+	0	+	22.523)
=	238.155

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 %:

Jintai Energy 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 )
	=	0.211	/	1297.289
	=	0.02 %

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.

Jintai Energy Holdings Operating Income Related Terms

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Jintai Energy Holdings (HKSE:02728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jintai Energy Holdings Ltd (HKSE:02728) » Definitions » Operating Income

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Traded in Other Exchanges

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Address

No. 111 Liyi Road, Golden Phoenix Building, Lijin County, Shandong Province, Dongying, CHN

Website

http://www.jintaienergy.com

Jintai Energy Holdings Ltd is engaged in the manufacturing and trading business. The segments of the group are Energy business, Drilling services, Speaker business, Operation of digital energy trading parks, Transportation services, Services business of customs declaration and Electronic products. It derives prime revenue from the Energy business which involves mainly the trading of fuel oil and kerosene. The group generates key revenue from the PRC.

Executives

Chen Jinle
Cui Xianguo	2201 Interest of corporation controlled by you
Super Wise International Investment Limited	2101 Beneficial owner
Qilu International Funds Spc (acting For And On Behalf Of Zhongtai Dingfeng Classified Fund Sp)	2106 Person having a security interest in shares
Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Zhongtai International Asset Management Limited	2102 Investment manager
Hong Kong Moral Co-operation Investment Limited	2101 Beneficial owner
Niu Guangchang	2201 Interest of corporation controlled by you
Winwin International Strategic Investment Funds Spc	2106 Person having a security interest in shares
Zhongtai Innovation Capital Management Limited	2102 Investment manager
Lin Ai Hua	2202 Interest of your spouse
Lin Cai Huo	2101 Beneficial owner
Oriental Gold Honour Joy International Holdings Limited	2101 Beneficial owner

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