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Unigroup Guoxin Microelectronics Co (SZSE:002049) Operating Income : ¥2,370 Mil (TTM As of Mar. 2024)


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What is Unigroup Guoxin Microelectronics Co Operating Income?

Unigroup Guoxin Microelectronics Co's Operating Income for the three months ended in Mar. 2024 was ¥269 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,370 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Unigroup Guoxin Microelectronics Co's Operating Income for the three months ended in Mar. 2024 was ¥269 Mil. Unigroup Guoxin Microelectronics Co's Revenue for the three months ended in Mar. 2024 was ¥1,141 Mil. Therefore, Unigroup Guoxin Microelectronics Co's Operating Margin % for the quarter that ended in Mar. 2024 was 23.61%.

Good Sign:

Unigroup Guoxin Microelectronics Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Unigroup Guoxin Microelectronics Co's 5-Year average Growth Rate for Operating Margin % was 22.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Unigroup Guoxin Microelectronics Co's annualized ROC % for the quarter that ended in Mar. 2024 was 9.19%. Unigroup Guoxin Microelectronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 24.25%.


Unigroup Guoxin Microelectronics Co Operating Income Historical Data

The historical data trend for Unigroup Guoxin Microelectronics 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.

Unigroup Guoxin Microelectronics Co Operating Income Chart

Unigroup Guoxin Microelectronics Co 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 704.01 1,076.65 2,082.83 2,849.90 2,677.80

Unigroup Guoxin Microelectronics 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 577.44 899.68 681.67 519.00 269.36

Unigroup Guoxin Microelectronics 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 ¥2,370 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.


Unigroup Guoxin Microelectronics Co  (SZSE:002049) Operating Income Explanation

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

Unigroup Guoxin Microelectronics 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 )
=1077.42 * ( 1 - 4.92% )/( (10852.324 + 11434.934)/ 2 )
=1024.410936/11143.629
=9.19 %

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))
=17533.863 - 2557.882 - ( 4123.657 - max(0, 3934.881 - 14090.471+4123.657))
=10852.324

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))
=16864.948 - 2027.583 - ( 3402.431 - max(0, 3158.889 - 13413.884+3402.431))
=11434.934

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

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

Unigroup Guoxin Microelectronics 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 )
=1383.548/( ( (586.058 + max(4500.451, 0)) + (589.053 + max(5733.356, 0)) )/ 2 )
=1383.548/( ( 5086.509 + 6322.409 )/ 2 )
=1383.548/5704.459
=24.25 %

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)
=(4326.673 + 2513.398 + 1174.067) - (2557.882 + 0 + 955.805)
=4500.451

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4457.281 + 2466.815 + 1488.322) - (2027.583 + 0 + 651.479)
=5733.356

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 %:

Unigroup Guoxin Microelectronics 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 )
=269.355/1140.612
=23.61 %

* 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.


Unigroup Guoxin Microelectronics Co Operating Income Related Terms

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Unigroup Guoxin Microelectronics Co (SZSE:002049) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Wangzhuang Road, 15th Floor, Building D, Tsinghua Tongfang Hi-tech Plaza, Haidian District, Beijing, CHN, 100083
Unigroup Guoxin Microelectronics Co Ltd is a professional integrated circuit design company. It provides integrated circuit chips, smart card chip, terminal chip, special ICs and crystal chips. The company has five existing business sections, including Tongfang Microelectronics engaged in the smart card chip design business, Shenzhen Guowei engaged in IC design in a specific industry, Unigroup Tongchuang engaged in FPGA, Xi 'an Unigroup Guoxin engaged in memory chip design, and Crystal Business Department engaged in crystal business.
Executives
Yan Li Qun Executives
Wang Zhi Hua Supervisors
Shen Hong Supervisors
Zhang Li Qiang Supervisors
Zhu Chang Hua Directors, executives
Meng Ling Fu Supervisors
Lu Zhi Cheng Director
Zhang Huai Fang Supervisors
Guo Hong Yu Supervisors
Bi Li Xin Director
Wang Xiao Dong Supervisors
Hu Zhi Xiong Executives
Wu Jie Directors, executives
Tao Zhi Ming Executives
Li Yan Qin Executives

Unigroup Guoxin Microelectronics Co (SZSE:002049) Headlines

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