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EPS Creative Health Technology Group (HKSE:03860) Operating Income : HK$-31.6 Mil (TTM As of Sep. 2023)


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What is EPS Creative Health Technology Group Operating Income?

EPS Creative Health Technology Group's Operating Income for the six months ended in Sep. 2023 was HK$-8.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-31.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. EPS Creative Health Technology Group's Operating Income for the six months ended in Sep. 2023 was HK$-8.8 Mil. EPS Creative Health Technology Group's Revenue for the six months ended in Sep. 2023 was HK$357.8 Mil. Therefore, EPS Creative Health Technology Group's Operating Margin % for the quarter that ended in Sep. 2023 was -2.45%.

EPS Creative Health Technology Group'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. EPS Creative Health Technology Group's annualized ROC % for the quarter that ended in Sep. 2023 was -21.37%. EPS Creative Health Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -179.20%.


EPS Creative Health Technology Group Operating Income Historical Data

The historical data trend for EPS Creative Health Technology Group'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.

EPS Creative Health Technology Group Operating Income Chart

EPS Creative Health Technology Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Operating Income
Get a 7-Day Free Trial Premium Member Only 31.69 26.74 8.49 -3.18 -29.77

EPS Creative Health Technology Group Semi-Annual Data
Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -4.26 1.08 -6.91 -22.86 -8.77

EPS Creative Health Technology Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-31.6 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.


EPS Creative Health Technology Group  (HKSE:03860) Operating Income Explanation

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

EPS Creative Health Technology Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-17.53 * ( 1 - -6.11% )/( (25.183 + 148.871)/ 2 )
=-18.601083/87.027
=-21.37 %

where

Invested Capital(Q: Mar. 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))
=227.494 - 100.763 - ( 131.471 - max(0, 115.184 - 216.732+131.471))
=25.183

Invested Capital(Q: Sep. 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))
=374.905 - 161.798 - ( 132.507 - max(0, 189.711 - 253.947+132.507))
=148.871

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

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

EPS Creative Health Technology Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.062/( ( (5.814 + max(-30.145, 0)) + (5.416 + max(-60.481, 0)) )/ 2 )
=-10.062/( ( 5.814 + 5.416 )/ 2 )
=-10.062/5.615
=-179.20 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.488 + 16.871 + 9.116) - (100.763 + 0 + 11.857)
=-30.145

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(84.655 + 26.954 + 9) - (161.798 + 0 + 19.292)
=-60.481

When net working capital is negative, 0 is used.

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

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

EPS Creative Health Technology Group'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 )
=-8.765/357.829
=-2.45 %

* 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.


EPS Creative Health Technology Group Operating Income Related Terms

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EPS Creative Health Technology Group (HKSE:03860) Business Description

Traded in Other Exchanges
N/A
Address
23 Man Lok Street, Flat A, 17th Floor, Gemstar Tower, Hung Hom, Kowloon, Hong Kong, HKG
EPS Creative Health Technology Group Ltd is an investment holding company. Its segment includes the Garment business, Healthcare Products Business, and IRO with CRO and In-House R&D Business. It generates maximum revenue from the Garment segment which includes the provision of apparel supply chain management services for knitwear apparel products. Geographically, it derives a majority of revenue from Japan.
Executives
Eps Holdings, Inc. 2101 Beneficial owner
Y&g Limited 2201 Interest of corporation controlled by you
Yan Hao 2201 Interest of corporation controlled by you
He Jun 2201 Interest of corporation controlled by you
Rin Holding Co., Limited 2101 Beneficial owner
Taiga Industrial Co., Ltd 2201 Interest of corporation controlled by you
Shinyou Kk

EPS Creative Health Technology Group (HKSE:03860) Headlines

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