AINPF (Ain Holdings) Operating Income: $193 Mil (TTM As of Jan. 2026)

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AINPF Ain Holdings Inc AINPF
93 GF Score
Price $36.86
GF Value $47.66
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ain Holdings Operating Income?

Ain Holdings AINPF 93 Operating Income is $193 Mil as of Jan. 2026. GuruFocus rates AINPF with a GF Score™ of 93/100 and a GF Value™ of $47.66 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Ain Holdings's Operating Income for the three months ended in Jan. 2026 was $68 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was $193 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ain Holdings's Operating Income for the three months ended in Jan. 2026 was $68 Mil. Ain Holdings's Revenue for the three months ended in Jan. 2026 was $1,117 Mil. Therefore, Ain Holdings's Operating Margin % for the quarter that ended in Jan. 2026 was 6.13%.

Good Sign:

Ain Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

Ain Holdings's 5-Year average Growth Rate for Operating Margin % was 1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ain Holdings's annualized ROC % for the quarter that ended in Jan. 2026 was 4.97%. Ain Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 43.87%.


Ain Holdings  (OTCPK:AINPF) Operating Income Explanation

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

Ain Holdings's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=273.832 * ( 1 - 43.69% )/( (3587.802 + 2622.558)/ 2 )
=154.1947992/3105.18
=4.97 %

where

Invested Capital(Q: Oct. 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))
=3399.76 - 764.391 - ( 351.136 - max(0, 2107.635 - 1155.202+351.136))
=3587.802

Invested Capital(Q: Jan. 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))
=3351.403 - 826.432 - ( 361.665 - max(0, 1292.055 - 1194.468+361.665))
=2622.558

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

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

Ain Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=272.888/( ( (631.947 + max(-400.504, 0)) + (612.108 + max(-383.842, 0)) )/ 2 )
=272.888/( ( 631.947 + 612.108 )/ 2 )
=272.888/622.0275
=43.87 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(289.836 + 304.662 + 51.561) - (764.391 + 0 + 282.172)
=-400.504

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(338.767 + 309.409 + 63.638) - (826.432 + 0 + 269.224)
=-383.842

When net working capital is negative, 0 is used.

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

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

Ain Holdings's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=68.458/1117.315
=6.13 %

* 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.


Ain Holdings Operating Income Related Terms


Ain Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Ain 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.

Ain Holdings Operating Income Chart

Ain Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.85 119.95 132.80 117.11 187.53

Ain Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 30.01 28.90 41.39 68.46 54.03
AINPF
93GF Score
Ain Holdings Inc AINPF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ain 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $193 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 $193 Mil mean?
Ain Holdings (AINPF) has a Operating Income of $193 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ain Holdings and its competitors.
Is Ain Holdings' Operating Income too high?
Ain Holdings' current Operating Income is $193 Mil. Overall, Ain Holdings has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ain Holdings' Operating Income compare to competitors?
Ain Holdings' Operating Income of $193 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & Services 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 Ain Holdings and its competitors. Ain Holdings's current Operating Income is $193 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ain Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ain Holdings (AINPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $47.66, compared to a current price of $36.86 — trading 22.7% below its estimated fair value. The current Operating Income is $193 Mil. Ain Holdings' overall GF Score™ is 93/100 with 2 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 Ain Holdings (AINPF), the current Operating Income is $193 Mil as of Jan. 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 Ain Holdings (AINPF) Overvalued in 2026?

Based on GuruFocus' analysis, Ain Holdings stock appears to be undervalued. The current stock price of $36.86 is trading 22.7% below its estimated GF Value™ of $47.66. GuruFocus considers Ain Holdings to be Modestly Undervalued.

Key valuation signals for AINPF:

  • Operating Income: $193 Mil
  • GF Value™: $47.66 vs. price of $36.86 (22.7% below fair value)
  • GF Score™: 93/100 with 2 warning signs

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


Ain Holdings Business Description

Other Exchanges 9627:Japan
Address 1-2-1 Higashi-Naebo-Gojo, Higashi-ku, Sapporo-shi, JPN, 007-8755
Ain Holdings Inc's core business is the dispensing pharmacy business that includes preparing and dispensing drugs based on prescriptions. The company also generates revenue by selling generic drugs wholesale, pharmacy staffing services, and pharmacy consulting services. The company's additional business activity includes both urban and suburban drug and cosmetic stores. Ain operates the ainz & tuple brand that specifically targets female consumers in urban areas. The company also executes small real estate rental strategies.
93GF Score

Get the complete analysis for AINPF

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

$36.86
Price
$47.66
GF Value