Bisalloy Steel Group (ASX:BIS) Operating Income: A$22.8 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:BIS Bisalloy Steel Group Ltd ASX:BIS
71 GF Score
Price A$4.40
GF Value A$3.49
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Bisalloy Steel Group Operating Income?

Bisalloy Steel Group ASX:BIS -2.44% 71 Operating Income is A$22.8 Mil as of Dec. 2025. GuruFocus rates ASX:BIS with a GF Score™ of 71/100 and a GF Value™ of A$3.49 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Bisalloy Steel Group's Operating Income for the six months ended in Dec. 2025 was A$10.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$22.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bisalloy Steel Group's Operating Income for the six months ended in Dec. 2025 was A$10.3 Mil. Bisalloy Steel Group's Revenue for the six months ended in Dec. 2025 was A$71.1 Mil. Therefore, Bisalloy Steel Group's Operating Margin % for the quarter that ended in Dec. 2025 was 14.46%.

Good Sign:

Bisalloy Steel Group Ltd operating margin is expanding. Margin expansion is usually a good sign.

Bisalloy Steel Group's 5-Year average Growth Rate for Operating Margin % was 15.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bisalloy Steel Group's annualized ROC % for the quarter that ended in Dec. 2025 was 14.18%. Bisalloy Steel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 31.18%.

Bisalloy Steel Group  (ASX:BIS) Operating Income Explanation

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

Bisalloy Steel Group'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 )
=20.574 * ( 1 - 31.94% )/( (98.033 + 99.445)/ 2 )
=14.0026644/98.739
=14.18 %

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))
=133.933 - 29.569 - ( 6.331 - max(0, 40.07 - 89.561+6.331))
=98.033

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))
=118.018 - 16.317 - ( 2.256 - max(0, 31.655 - 75.172+2.256))
=99.445

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:

Bisalloy Steel Group'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 )
=25.51/( ( (32.952 + max(45.846, 0)) + (32.884 + max(51.956, 0)) )/ 2 )
=25.51/( ( 78.798 + 84.84 )/ 2 )
=25.51/81.819
=31.18 %

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)
=(31.095 + 49.756 + 2.599) - (29.569 + 3.409 + 4.626)
=45.846

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.421 + 48.885 + 3.61) - (16.317 + 0.53 + 4.113)
=51.956

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 %:

Bisalloy Steel Group'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 )
=10.287/71.135
=14.46 %

* 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.

Bisalloy Steel Group Operating Income Related Terms

Bisalloy Steel Group Operating Income Historical Data

* Premium members only.

The historical data trend for Bisalloy Steel Group'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.

Bisalloy Steel Group Operating Income Chart

Bisalloy Steel Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.06 17.12 15.29 19.12 22.84

Bisalloy Steel Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 10.10 9.01 10.33 12.51 10.29
ASX:BIS
71GF Score
Bisalloy Steel Group Ltd ASX:BIS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bisalloy Steel Group 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$22.8 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$22.8 Mil mean?
Bisalloy Steel Group (ASX:BIS) has a Operating Income of A$22.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bisalloy Steel Group and its competitors.
Is Bisalloy Steel Group's Operating Income too high?
Bisalloy Steel Group's current Operating Income is A$22.8 Mil. Overall, Bisalloy Steel Group has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bisalloy Steel Group's Operating Income compare to NUE and STLD?
Bisalloy Steel Group's Operating Income of A$22.8 Mil can be compared against companies in the Steel 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 Steel company?
A good Operating Income depends on the Steel 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 Bisalloy Steel Group and its competitors. Bisalloy Steel Group's current Operating Income is A$22.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bisalloy Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Bisalloy Steel Group (ASX:BIS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.49, compared to a current price of A$4.40 — trading 26.1% above its estimated fair value. The current Operating Income is A$22.8 Mil. Bisalloy Steel Group's overall GF Score™ is 71/100 with 1 warning sign 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 Bisalloy Steel Group (ASX:BIS), the current Operating Income is A$22.8 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 Bisalloy Steel Group (ASX:BIS) Overvalued in 2026?

Based on GuruFocus' analysis, Bisalloy Steel Group stock appears to be overvalued. The current stock price of A$4.40 is trading 26.1% above its estimated GF Value™ of A$3.49. GuruFocus considers Bisalloy Steel Group to be Modestly Overvalued.

Key valuation signals for ASX:BIS:

  • Operating Income: A$22.8 Mil
  • GF Value™: A$3.49 vs. price of A$4.40 (26.1% above fair value)
  • GF Score™: 71/100 with 1 warning sign

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

Bisalloy Steel Group Business Description

Address 18 Resolution Drive, Unanderra, Wollongong, NSW, AUS, 2526
Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations.
71GF Score

Get the complete analysis for ASX:BIS

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

A$4.40
Price
A$3.49
GF Value