GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Roborock Technology Co Ltd (SHSE:688169) » Definitions » Operating Income

Beijing Roborock Technology Co (SHSE:688169) Operating Income : ¥2,446 Mil (TTM As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Beijing Roborock Technology Co Operating Income?

Beijing Roborock Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥439 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,446 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Beijing Roborock Technology Co's Operating Income for the three months ended in Mar. 2024 was ¥439 Mil. Beijing Roborock Technology Co's Revenue for the three months ended in Mar. 2024 was ¥1,841 Mil. Therefore, Beijing Roborock Technology Co's Operating Margin % for the quarter that ended in Mar. 2024 was 23.85%.

Good Sign:

Beijing Roborock Technology Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Beijing Roborock Technology Co's 5-Year average Growth Rate for Operating Margin % was 9.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beijing Roborock Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 was 23.25%. Beijing Roborock Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 129.17%.


Beijing Roborock Technology Co Operating Income Historical Data

The historical data trend for Beijing Roborock Technology Co'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.

Beijing Roborock Technology Co Operating Income Chart

Beijing Roborock Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 898.98 1,396.69 1,325.83 1,345.21 2,170.71

Beijing Roborock Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 163.29 500.34 712.26 794.82 439.05

Beijing Roborock Technology Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2,446 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.


Beijing Roborock Technology Co  (SHSE:688169) Operating Income Explanation

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

Beijing Roborock Technology Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1756.204 * ( 1 - 12.23% )/( (6308.913 + 6949.603)/ 2 )
=1541.4202508/6629.258
=23.25 %

where

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))
=14376.642 - 2150.355 - ( 5917.374 - max(0, 2879.065 - 8896.868+5917.374))
=6308.913

Invested Capital(Q: Mar. 2024 )
=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))
=14483.511 - 1764.939 - ( 5768.969 - max(0, 2597.592 - 8370.81+5768.969))
=6949.603

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Beijing Roborock Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1822.588/( ( (1414.824 + max(-567.038, 0)) + (1407.218 + max(-382.795, 0)) )/ 2 )
=1822.588/( ( 1414.824 + 1407.218 )/ 2 )
=1822.588/1411.021
=129.17 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(274.69 + 928.189 + 1083.56) - (2150.355 + 0 + 703.122)
=-567.038

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(195.403 + 875.998 + 1108.468) - (1764.939 + 0 + 797.725)
=-382.795

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Beijing Roborock Technology Co's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=439.051/1840.829
=23.85 %

* 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.


Beijing Roborock Technology Co Operating Income Related Terms

Thank you for viewing the detailed overview of Beijing Roborock Technology Co's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Beijing Roborock Technology Co (SHSE:688169) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Heiquan Road, No. 6016, 6017, 6018, 6th Floor, Block C, Kangjian Baosheng Plaza, Room 6003, Building C, Haidian District, Beijing, CHN, 100085
Beijing Roborock Technology Co Ltd is engaged in research, development, and production of robotic home cleaners and other cleaning appliances. The company's products portfolio includes Roborocok H6, Roborock S6 Serie, Roborock S4, Roborock S5 Max, Roborock S5, Roborock Xiaowa E2, and Roborock Xiaowa E3. Its Roborock acts both as a powerful vacuum, and an mopping robot.
Executives
Tian Jia Core technical personnel
Luo Han Core technical personnel
Quan Gang senior management
Sun Jia Directors, senior managers
Wang Zheng Core technical personnel
Wang Xuan senior management
Shen Rui Senior management, core technical personnel
Qian Qi Jie senior management
Zhang Lei Core technical personnel
Wang Hua Huo Core technical personnel
Wan Yun Peng Directors, senior managers
Chang Jing Directors, senior managers
Xue Ying Nan Core technical personnel
Zhang Yu Qing Core technical personnel
Liu Xiao Yu Core technical personnel

Beijing Roborock Technology Co (SHSE:688169) Headlines

No Headlines