Siripinyo REIT (BKK:SIRIPRT) Operating Income: ฿62.4 Mil (TTM As of Jun. 2026)

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.

BKK:SIRIPRT Siripinyo REIT BKK:SIRIPRT
18 GF Score
Price ฿5.50
! 2 Warning Signs
View Full Analysis

What is Siripinyo REIT Operating Income?

Siripinyo REIT BKK:SIRIPRT 18 Operating Income is ฿62.4 Mil as of Jun. 2026. GuruFocus rates BKK:SIRIPRT with a GF Score™ of 18/100. The stock has 2 warning signs investors should review.

Siripinyo REIT's Operating Income for the three months ended in Jun. 2026 was ฿17.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ฿62.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Siripinyo REIT's Operating Income for the three months ended in Jun. 2026 was ฿17.9 Mil. Siripinyo REIT's Revenue for the three months ended in Jun. 2026 was ฿26.0 Mil. Therefore, Siripinyo REIT's Operating Margin % for the quarter that ended in Jun. 2026 was 69.05%.

Siripinyo REIT'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. Siripinyo REIT's annualized ROC % for the quarter that ended in Jun. 2026 was 3.53%. Siripinyo REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was %.


Siripinyo REIT  (BKK:SIRIPRT) Operating Income Explanation

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

Siripinyo REIT's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=71.784 * ( 1 - 0% )/( (2030.278 + 2035.811)/ 2 )
=71.784/2033.0445
=3.53 %

where

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

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

Siripinyo REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=83.032/( ( (0 + max(-30.445, 0)) + (0 + max(-29.658, 0)) )/ 2 )
=83.032/( ( 0 + 0 )/ 2 )
=83.032/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.465 + 0 + 0) - (5.257 + 26.653 + 3.5527136788005E-15)
=-30.445

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.743 + 0 + -3.5527136788005E-15) - (4.515 + 26.886 + 0)
=-29.658

When net working capital is negative, 0 is used.

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

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

Siripinyo REIT's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=17.946/25.991
=69.05 %

* 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.


Siripinyo REIT Operating Income Related Terms


Siripinyo REIT Operating Income Historical Data

* Premium members only.

The historical data trend for Siripinyo REIT'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.

Siripinyo REIT Operating Income Chart

Siripinyo REIT Annual Data
Trend Dec24 Dec25
Operating Income
0.00 58.78

Siripinyo REIT Quarterly Data
Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial 14.33 14.09 15.86 14.53 17.95
BKK:SIRIPRT
18GF Score
Siripinyo REIT BKK:SIRIPRT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siripinyo REIT 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿62.4 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 ฿62.4 Mil mean?
Siripinyo REIT (BKK:SIRIPRT) has a Operating Income of ฿62.4 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Siripinyo REIT and its competitors.
Is Siripinyo REIT's Operating Income too high?
Siripinyo REIT's current Operating Income is ฿62.4 Mil. Overall, Siripinyo REIT has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Siripinyo REIT's Operating Income compare to BXP and ARE?
Siripinyo REIT's Operating Income of ฿62.4 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 Siripinyo REIT and its competitors. Siripinyo REIT's current Operating Income is ฿62.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siripinyo REIT stock overvalued right now?
Siripinyo REIT (BKK:SIRIPRT) has a current Operating Income of ฿62.4 Mil. The current Operating Income is ฿62.4 Mil. Siripinyo REIT's overall GF Score™ is 18/100 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 Siripinyo REIT (BKK:SIRIPRT), the current Operating Income is ฿62.4 Mil as of Jun. 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.

Siripinyo REIT Business Description

Industry Real EstateREITs
Address Puchaosamingprai Road, No. 90, Moo 1, Soi Siam Silo, Samrong Klang Subdistrict, Phra Pradaeng District, Samut Prakan, Bangkok, THA, 10130
Siripinyo REIT invest in Siripinyo Building Project which is an office building for rent including the transfer of ownership of land, buildings, utilities systems and other movable properties in connection with the operation of Siripinyo Building Project. \Geographically, the trust operates only in Thailand.
18GF Score

Get the complete analysis for BKK:SIRIPRT

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

฿5.50
Price