Abacus Storage King (ASX:ASK) Operating Income: A$119.3 Mil (TTM As of Dec. 2025)


ASX:ASK Abacus Storage King ASX:ASK
42 GF Score
Price A$1.33
GF Value A$1.53
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Abacus Storage King Operating Income?

Abacus Storage King ASX:ASK -0.38% 42 Operating Income is A$119.3 Mil as of Dec. 2025. GuruFocus rates ASX:ASK with a GF Score™ of 42/100 and a GF Value™ of A$1.53 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Abacus Storage King's Operating Income for the six months ended in Dec. 2025 was A$55.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$119.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Abacus Storage King's Operating Income for the six months ended in Dec. 2025 was A$55.5 Mil. Abacus Storage King's Revenue for the six months ended in Dec. 2025 was A$122.4 Mil. Therefore, Abacus Storage King's Operating Margin % for the quarter that ended in Dec. 2025 was 45.34%.

Abacus Storage King'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. Abacus Storage King's annualized ROC % for the quarter that ended in Dec. 2025 was 3.08%. Abacus Storage King's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 527.83%.

Abacus Storage King  (ASX:ASK) Operating Income Explanation

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

Abacus Storage King's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=110.944 * ( 1 - 2.03% )/( (3453.85 + 3598.892)/ 2 )
=108.6918368/3526.371
=3.08 %

where

Invested Capital(Q: Jun. 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))
=3613.993 - 88.252 - ( 119.501 - max(0, 95.677 - 167.568+119.501))
=3453.85

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))
=3712.285 - 73.484 - ( 71.963 - max(0, 83.126 - 123.035+71.963))
=3598.892

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Abacus Storage King's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=173.804/( ( (32.875 + max(-52.459, 0)) + (32.981 + max(-30.931, 0)) )/ 2 )
=173.804/( ( 32.875 + 32.981 )/ 2 )
=173.804/32.928
=527.83 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.428 + 0 + 10.679) - (88.252 + 0 + 6.314)
=-52.459

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.327 + 0 + 11.745) - (73.484 + 0 + 8.519)
=-30.931

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Abacus Storage King's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=55.472/122.358
=45.34 %

* 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.

Abacus Storage King Operating Income Related Terms

Abacus Storage King Operating Income Historical Data

* Premium members only.

The historical data trend for Abacus Storage King'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.

Abacus Storage King Operating Income Chart

Abacus Storage King Annual Data
Trend Jun21 Jun22 Jun24 Jun25
Operating Income
62.11 92.21 112.65 121.91

Abacus Storage King Semi-Annual Data
Jun21 Jun22 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial 52.42 60.23 58.09 63.82 55.47
ASX:ASK
42GF Score
Abacus Storage King ASX:ASK
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Abacus Storage King 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$119.3 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 A$119.3 Mil mean?
Abacus Storage King (ASX:ASK) has a Operating Income of A$119.3 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Abacus Storage King and its competitors.
Is Abacus Storage King's Operating Income too high?
Abacus Storage King's current Operating Income is A$119.3 Mil. Overall, Abacus Storage King has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Abacus Storage King's Operating Income compare to PLD and PSA?
Abacus Storage King's Operating Income of A$119.3 Mil can be compared against companies in the REITs 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 REITs company?
A good Operating Income depends on the REITs 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 Abacus Storage King and its competitors. Abacus Storage King's current Operating Income is A$119.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abacus Storage King stock overvalued right now?
Based on GuruFocus' analysis, Abacus Storage King (ASX:ASK) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.53, compared to a current price of A$1.33 — trading 13.4% below its estimated fair value. The current Operating Income is A$119.3 Mil. Abacus Storage King's overall GF Score™ is 42/100 with 4 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 Abacus Storage King (ASX:ASK), the current Operating Income is A$119.3 Mil as of Dec. 2025. 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 Abacus Storage King (ASX:ASK) Overvalued in 2026?

Based on GuruFocus' analysis, Abacus Storage King stock appears to be undervalued. The current stock price of A$1.33 is trading 13.4% below its estimated GF Value™ of A$1.53. GuruFocus considers Abacus Storage King to be Modestly Undervalued.

Key valuation signals for ASX:ASK:

  • Operating Income: A$119.3 Mil
  • GF Value™: A$1.53 vs. price of A$1.33 (13.4% below fair value)
  • GF Score™: 42/100 with 4 warning signs

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

Abacus Storage King Business Description

Industry Real EstateREITs
Address 77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000
Abacus Storage King is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.
42GF Score

Get the complete analysis for ASX:ASK

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

A$1.33
Price
A$1.53
GF Value