Alucon PCL (BKK:ALUCON-R) Operating Income: ฿1,025 Mil (TTM As of Mar. 2026)


BKK:ALUCON-R Alucon PCL BKK:ALUCON-R
64 GF Score
Price ฿179.50
GF Value ฿151.52
! 6 Warning Signs
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What is Alucon PCL Operating Income?

Alucon PCL BKK:ALUCON-R 64 Operating Income is ฿1,025 Mil as of Mar. 2026. GuruFocus rates BKK:ALUCON-R with a GF Score™ of 64/100 and a GF Value™ of ฿151.52. The stock has 6 warning signs investors should review.

Alucon PCL's Operating Income for the three months ended in Mar. 2026 was ฿345 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿1,025 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alucon PCL's Operating Income for the three months ended in Mar. 2026 was ฿345 Mil. Alucon PCL's Revenue for the three months ended in Mar. 2026 was ฿1,817 Mil. Therefore, Alucon PCL's Operating Margin % for the quarter that ended in Mar. 2026 was 18.96%.

Warning Sign:

Alucon PCL operating margin has been in a 5-year decline. The average rate of decline per year is -2.3%.

Alucon PCL's 5-Year average Growth Rate for Operating Margin % was -2.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alucon PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 25.86%. Alucon PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.65%.


Alucon PCL  (BKK:ALUCON-R) Operating Income Explanation

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

Alucon PCL'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 )
=1378.208 * ( 1 - 16.85% )/( (4485.056 + 4377.554)/ 2 )
=1145.979952/4431.305
=25.86 %

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))
=8475.822 - 483.928 - ( 3506.838 - max(0, 583.493 - 6735.805+3506.838))
=4485.056

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))
=9076.004 - 737.588 - ( 3960.862 - max(0, 858.23 - 7370.519+3960.862))
=4377.554

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

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

Alucon PCL'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 )
=1378.208/( ( (1680.691 + max(2604.66, 0)) + (1644.503 + max(2511.205, 0)) )/ 2 )
=1378.208/( ( 4285.351 + 4155.708 )/ 2 )
=1378.208/4220.5295
=32.65 %

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)
=(1445.782 + 1698.281 + 44.09) - (483.928 + 41.634 + 57.931)
=2604.66

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1387.967 + 1947.926 + 33.542) - (737.588 + 66.775 + 53.867)
=2511.205

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 %:

Alucon PCL'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 )
=344.552/1816.974
=18.96 %

* 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.


Alucon PCL Operating Income Related Terms


Alucon PCL Operating Income Historical Data

* Premium members only.

The historical data trend for Alucon PCL'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.

Alucon PCL Operating Income Chart

Alucon PCL 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 788.11 731.40 591.53 839.11 978.32

Alucon PCL 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 298.32 456.92 253.61 -30.53 344.55
BKK:ALUCON-R
64GF Score
Alucon PCL BKK:ALUCON-R
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Alucon PCL 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 ฿1,025 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 ฿1,025 Mil mean?
Alucon PCL (BKK:ALUCON-R) has a Operating Income of ฿1,025 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alucon PCL and its competitors.
Is Alucon PCL's Operating Income too high?
Alucon PCL's current Operating Income is ฿1,025 Mil. Overall, Alucon PCL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Alucon PCL's Operating Income compare to AA and CENX?
Alucon PCL's Operating Income of ฿1,025 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Operating Income depends on the Metals & Mining 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 Alucon PCL and its competitors. Alucon PCL's current Operating Income is ฿1,025 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alucon PCL stock overvalued right now?
Alucon PCL (BKK:ALUCON-R) has a current Operating Income of ฿1,025 Mil. The stock's GF Value™ is ฿151.52, compared to a current price of ฿179.50 — trading 18.5% above its estimated fair value. The current Operating Income is ฿1,025 Mil. Alucon PCL's overall GF Score™ is 64/100 with 6 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 Alucon PCL (BKK:ALUCON-R), the current Operating Income is ฿1,025 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 Alucon PCL (BKK:ALUCON-R) Overvalued in 2026?

Based on GuruFocus' analysis, Alucon PCL stock appears to be overvalued. The current stock price of ฿179.50 is trading 18.5% above its estimated GF Value™ of ฿151.52.

Key valuation signals for BKK:ALUCON-R:

  • Operating Income: ฿1,025 Mil
  • GF Value™: ฿151.52 vs. price of ฿179.50 (18.5% above fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Alucon PCL Business Description

Other Exchanges ALUCON:Thailand
Address 500 Moo 1, Sukhumvit 72 Road, Soi Sirikam, North Samrong, Muang, Samut Prakarn, THA, 10270
Alucon PCL is a Thailand-based company engaged in producing and distributing aluminium containers such as Aluminium Collapsible Tubes, Aluminium Monobloc Aerosol Cans, Aluminium Rigid Wall Containers, Aluminium Bottles, Technical Impact Extrusions, Aluminium Slugs, Aluminium Coils, Aluminium Pellets, strips, plates, etc. The company has two segments namely, the Can and tube segment and the Slug segment and it has a business presence in Thailand, Asia Pacific, America and other countries.
64GF Score

Get the complete analysis for BKK:ALUCON-R

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

฿179.50
Price
฿151.52
GF Value