Crown Seal (BKK:CSC) Operating Income: ฿223 Mil (TTM As of Mar. 2026)

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BKK:CSC Crown Seal PLC BKK:CSC
68 GF Score
Price ฿44.50
GF Value ฿43.21
Valuation Fairly Valued
! 3 Warning Signs
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What is Crown Seal Operating Income?

Crown Seal BKK:CSC +0.56% 68 Operating Income is ฿223 Mil as of Mar. 2026. GuruFocus rates BKK:CSC with a GF Score™ of 68/100 and a GF Value™ of ฿43.21 (Fairly Valued). The stock has 3 warning signs investors should review.

Crown Seal's Operating Income for the three months ended in Mar. 2026 was ฿100 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ฿223 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Crown Seal's Operating Income for the three months ended in Mar. 2026 was ฿100 Mil. Crown Seal's Revenue for the three months ended in Mar. 2026 was ฿899 Mil. Therefore, Crown Seal's Operating Margin % for the quarter that ended in Mar. 2026 was 11.13%.

Warning Sign:

Crown Seal PLC operating margin has been in a 5-year decline. The average rate of decline per year is -3%.

Crown Seal's 5-Year average Growth Rate for Operating Margin % was -3.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Crown Seal's annualized ROC % for the quarter that ended in Mar. 2026 was 10.37%. Crown Seal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.19%.


Crown Seal  (BKK:CSC) Operating Income Explanation

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

Crown Seal'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 )
=400.396 * ( 1 - 22.16% )/( (3019.297 + 2993.51)/ 2 )
=311.6682464/3006.4035
=10.37 %

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))
=5192.613 - 481.312 - ( 1692.004 - max(0, 533.225 - 2956.381+1692.004))
=3019.297

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))
=5354.253 - 529.958 - ( 1830.785 - max(0, 578.948 - 3160.286+1830.785))
=2993.51

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

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

Crown Seal'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 )
=551.648/( ( (1542.308 + max(756.172, 0)) + (1500.417 + max(761.393, 0)) )/ 2 )
=551.648/( ( 2298.48 + 2261.81 )/ 2 )
=551.648/2280.145
=24.19 %

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)
=(546.872 + 691.486 + 14.352) - (481.312 + 5.921 + 9.3049999999999)
=756.172

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(607.224 + 692.75 + 2.8019999999997) - (529.958 + 9.807 + 1.6180000000001)
=761.393

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 %:

Crown Seal'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 )
=100.099/899.321
=11.13 %

* 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.


Crown Seal Operating Income Related Terms


Crown Seal Operating Income Historical Data

* Premium members only.

The historical data trend for Crown Seal'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.

Crown Seal Operating Income Chart

Crown Seal 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 179.14 204.07 204.65 284.46 232.22

Crown Seal 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 109.41 76.01 22.23 24.57 100.10
BKK:CSC
68GF Score
Crown Seal PLC BKK:CSC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Crown Seal 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 ฿223 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 ฿223 Mil mean?
Crown Seal (BKK:CSC) has a Operating Income of ฿223 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Crown Seal and its competitors.
Is Crown Seal's Operating Income too high?
Crown Seal's current Operating Income is ฿223 Mil. Overall, Crown Seal has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Crown Seal's Operating Income compare to SW and PKG?
Crown Seal's Operating Income of ฿223 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Operating Income depends on the Packaging & Containers 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 Crown Seal and its competitors. Crown Seal's current Operating Income is ฿223 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crown Seal stock overvalued right now?
Based on GuruFocus' analysis, Crown Seal (BKK:CSC) is currently considered Fairly Valued. The stock's GF Value™ is ฿43.21, compared to a current price of ฿44.50 — trading 3% above its estimated fair value. The current Operating Income is ฿223 Mil. Crown Seal's overall GF Score™ is 68/100 with 3 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 Crown Seal (BKK:CSC), the current Operating Income is ฿223 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 Crown Seal (BKK:CSC) Overvalued in 2026?

Based on GuruFocus' analysis, Crown Seal stock appears to be overvalued. The current stock price of ฿44.50 is trading 3% above its estimated GF Value™ of ฿43.21. GuruFocus considers Crown Seal to be Fairly Valued.

Key valuation signals for BKK:CSC:

  • Operating Income: ฿223 Mil
  • GF Value™: ฿43.21 vs. price of ฿44.50 (3% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


Crown Seal Business Description

Address 5 Soi Rangsit - Nakhon Nayok 46, Tambon Prachatipat, Amphur Thanyaburi, Pathum Thani, THA, 12130
Crown Seal PLC is engaged in the manufacture and sale of caps for bottles and the hire of printing sheets for can. Based on the products and services, the company is engaged in two reportable segments: The manufacture and sale of caps and Metal sheets printing service. Its products and services include Crown Cap, Maxi Crown, Composite Cap, Anti-counterfeit screw cap, Plastic Cap, and others. The company earns the highest revenue from the Manufacture and sale of caps segment.
68GF Score

Get the complete analysis for BKK:CSC

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

฿44.50
Price
฿43.21
GF Value