Byte Metaverse Holdings (HKSE:08645) Operating Income : HK$-5.4 Mil (TTM As of Dec. 2023)

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What is Byte Metaverse Holdings Operating Income?

Byte Metaverse Holdings's Operating Income for the three months ended in Dec. 2023 was HK$-7.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-5.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Byte Metaverse Holdings's Operating Income for the three months ended in Dec. 2023 was HK$-7.6 Mil. Byte Metaverse Holdings's Revenue for the three months ended in Dec. 2023 was HK$25.6 Mil. Therefore, Byte Metaverse Holdings's Operating Margin % for the quarter that ended in Dec. 2023 was -29.49%.

Byte Metaverse 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. Byte Metaverse Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -41.28%. Byte Metaverse Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -59.21%.

Byte Metaverse Holdings Operating Income Historical Data

The historical data trend for Byte Metaverse 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.

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Byte Metaverse Holdings Operating Income Chart

Byte Metaverse Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Operating Income

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13.21

0.95

-0.97

-37.97

21.60

Byte Metaverse Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															6.91	5.63	-0.88	-2.59	-7.56

Byte Metaverse 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 quarterly data reported by the company within the most recent 12 months, which was HK$-5.4 Mil.

Byte Metaverse Holdings (HKSE:08645) Operating Income Explanation

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

Byte Metaverse 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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-30.224 * ( 1 - 3.24% )	/	( (0	+	70.844)	/ 1 )
=	-29.2447424	/	70.844
=	-41.28 %

where

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	117.63	-	37.759	-	( 9.027	-	max(0, 41.169	-	76.25	+	9.027	))
=	70.844

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Byte Metaverse 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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-35.356	/	( ( (0 + max(0, 0))	+	(36.854 + max(22.857, 0)) )	/	1 )
=	-35.356	/	( ( 0	+	59.711 )	/	1 )
=	-35.356	/	59.711
=	-59.21 %

where Working Capital is:

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

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(20.491	+	10.235	+	24.89)	-	(37.759	+	0	+	-5)
=	22.857

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

Byte Metaverse 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 )
	=	-7.556	/	25.625
	=	-29.49 %

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.

Byte Metaverse Holdings Operating Income Related Terms

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

Byte Metaverse Holdings (HKSE:08645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Byte Metaverse Holdings Ltd (HKSE:08645) » Definitions » Operating Income

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Address

98 Thomson Road, Unit B, 13th Floor, Winsan Tower, Hong Kong, HKG

Website

http://www.metamichong.com

Michong Metaverse (China) Holdings Group Ltd is an investment holding company. The company is engaged in network support services which mainly encompass network infrastructure design and hardware installation, network management and security services; network connectivity services that focus on providing intranet and internet connectivity solutions and value-added services; and E-Commerce.

Executives

Thrive Harvest Limited	2101 Beneficial owner
Worldtone Riches Investment Limited	2101 Beneficial owner
Yu Decai	2201 Interest of corporation controlled by you
Garden Wealth Limited	2101 Beneficial owner
Wu Han Jia You Xin Xi Ke Ji You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Hui Tong Ying Fu Yi Hao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

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