Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Operating Income: د.إ369 Mil (TTM As of Mar. 2026)

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ADX:RAKCEC Ras AL Khaimah Ceramics Co PSC ADX:RAKCEC
78 GF Score
Price د.إ2.43
GF Value د.إ2.47
Valuation Fairly Valued
! 5 Warning Signs
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What is Ras AL Khaimah Ceramics Co PSC Operating Income?

Ras AL Khaimah Ceramics Co PSC ADX:RAKCEC +0.83% 78 Operating Income is د.إ369 Mil as of Mar. 2026. GuruFocus rates ADX:RAKCEC with a GF Score™ of 78/100 and a GF Value™ of د.إ2.47 (Fairly Valued). The stock has 5 warning signs investors should review.

Ras AL Khaimah Ceramics Co PSC's Operating Income for the three months ended in Mar. 2026 was د.إ69 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ369 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ras AL Khaimah Ceramics Co PSC's Operating Income for the three months ended in Mar. 2026 was د.إ69 Mil. Ras AL Khaimah Ceramics Co PSC's Revenue for the three months ended in Mar. 2026 was د.إ761 Mil. Therefore, Ras AL Khaimah Ceramics Co PSC's Operating Margin % for the quarter that ended in Mar. 2026 was 9.08%.

Good Sign:

Ras AL Khaimah Ceramics Co PSC operating margin is expanding. Margin expansion is usually a good sign.

Ras AL Khaimah Ceramics Co PSC's 5-Year average Growth Rate for Operating Margin % was 10.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ras AL Khaimah Ceramics Co PSC's annualized ROC % for the quarter that ended in Mar. 2026 was 4.35%. Ras AL Khaimah Ceramics Co PSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.58%.


Ras AL Khaimah Ceramics Co PSC  (ADX:RAKCEC) Operating Income Explanation

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

Ras AL Khaimah Ceramics Co PSC's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=276.228 * ( 1 - 27.86% )/( (4562.363 + 4591.675)/ 2 )
=199.2708792/4577.019
=4.35 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=5313.215 - 565.903 - ( 184.949 - max(0, 1929.198 - 2673.068+184.949))
=4562.363

Invested Capital(Q: Mar. 2026 )
=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))
=5419.258 - 543.999 - ( 283.584 - max(0, 2152.429 - 2776.817+283.584))
=4591.675

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Ras AL Khaimah Ceramics Co PSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=276.9/( ( (1536.355 + max(1356.333, 0)) + (1533.202 + max(1353.422, 0)) )/ 2 )
=276.9/( ( 2892.688 + 2886.624 )/ 2 )
=276.9/2889.656
=9.58 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(764.211 + 1444.232 + 183.526) - (565.903 + 0 + 469.733)
=1356.333

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(768.636 + 1406.225 + 214.226) - (543.999 + 0 + 491.666)
=1353.422

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Ras AL Khaimah Ceramics Co PSC's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=69.057/760.686
=9.08 %

* 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.


Ras AL Khaimah Ceramics Co PSC Operating Income Related Terms


Ras AL Khaimah Ceramics Co PSC Operating Income Historical Data

* Premium members only.

The historical data trend for Ras AL Khaimah Ceramics Co PSC'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.

Ras AL Khaimah Ceramics Co PSC Operating Income Chart

Ras AL Khaimah Ceramics Co PSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 310.94 361.72 422.15 366.79 382.23

Ras AL Khaimah Ceramics Co PSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 83.43 98.85 94.90 105.85 69.06
ADX:RAKCEC
78GF Score
Ras AL Khaimah Ceramics Co PSC ADX:RAKCEC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ras AL Khaimah Ceramics Co PSC 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ369 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of د.إ369 Mil mean?
Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) has a Operating Income of د.إ369 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ras AL Khaimah Ceramics Co PSC and its competitors.
Is Ras AL Khaimah Ceramics Co PSC's Operating Income too high?
Ras AL Khaimah Ceramics Co PSC's current Operating Income is د.إ369 Mil. Overall, Ras AL Khaimah Ceramics Co PSC has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ras AL Khaimah Ceramics Co PSC's Operating Income compare to TT and JCI?
Ras AL Khaimah Ceramics Co PSC's Operating Income of د.إ369 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ras AL Khaimah Ceramics Co PSC and its competitors. Ras AL Khaimah Ceramics Co PSC's current Operating Income is د.إ369 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ras AL Khaimah Ceramics Co PSC stock overvalued right now?
Based on GuruFocus' analysis, Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) is currently considered Fairly Valued. The stock's GF Value™ is د.إ2.47, compared to a current price of د.إ2.43 — trading 1.6% below its estimated fair value. The current Operating Income is د.إ369 Mil. Ras AL Khaimah Ceramics Co PSC's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC), the current Operating Income is د.إ369 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Overvalued in 2026?

Based on GuruFocus' analysis, Ras AL Khaimah Ceramics Co PSC stock appears to be undervalued. The current stock price of د.إ2.43 is trading 1.6% below its estimated GF Value™ of د.إ2.47. GuruFocus considers Ras AL Khaimah Ceramics Co PSC to be Fairly Valued.

Key valuation signals for ADX:RAKCEC:

  • Operating Income: د.إ369 Mil
  • GF Value™: د.إ2.47 vs. price of د.إ2.43 (1.6% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the ADX:RAKCEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ras AL Khaimah Ceramics Co PSC Business Description

Address Al Jazeerah Al Hamra City, P.O. Box 4714, Ras Al Khaimah, ARE
Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing & sale of a variety of ceramic products, including tiles, bathroom sets, sanitary wares, table wares, & faucets. The company's reportable segments are: Ceramics products, which generate key revenue & include the manufacturing & sale of ceramic wall and floor tiles, gres porcellanato, bath-ware, & tableware products. The Faucets segment includes the manufacturing & sale of Taps & Faucets. Other industrial segments include manufacturing & distribution of power, paints, plastics, mines, & chemicals. Others include security services, material movement, real estate, construction projects, & civil works. Geographically, the company generates substantial revenue from the UAE, Europe, India, Saudi Arabia, Bangladesh, & Other countries.
78GF Score

Get the complete analysis for ADX:RAKCEC

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ2.43
Price
د.إ2.47
GF Value