TSTE PCL (BKK:TSTE) Operating Income: ฿274 Mil (TTM As of Jun. 2026)

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BKK:TSTE TSTE PCL BKK:TSTE
81 GF Score
Price ฿10.20
GF Value ฿10.78
Valuation Fairly Valued
! 5 Warning Signs
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What is TSTE PCL Operating Income?

TSTE PCL BKK:TSTE -3.77% 81 Operating Income is ฿274 Mil as of Jun. 2026. GuruFocus rates BKK:TSTE with a GF Score™ of 81/100 and a GF Value™ of ฿10.78 (Fairly Valued). The stock has 5 warning signs investors should review.

TSTE PCL's Operating Income for the three months ended in Jun. 2026 was ฿103 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ฿274 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TSTE PCL's Operating Income for the three months ended in Jun. 2026 was ฿103 Mil. TSTE PCL's Revenue for the three months ended in Jun. 2026 was ฿682 Mil. Therefore, TSTE PCL's Operating Margin % for the quarter that ended in Jun. 2026 was 15.17%.

Warning Sign:

TSTE PCL operating margin has been in a 5-year decline. The average rate of decline per year is -5.7%.

TSTE PCL's 5-Year average Growth Rate for Operating Margin % was -5.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TSTE PCL's annualized ROC % for the quarter that ended in Jun. 2026 was 5.71%. TSTE PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.61%.


TSTE PCL  (BKK:TSTE) Operating Income Explanation

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

TSTE PCL'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 )
=413.964 * ( 1 - 20.52% )/( (5702.458 + 5827.297)/ 2 )
=329.0185872/5764.8775
=5.71 %

where

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))
=6047.461 - 224.528 - ( 161.05 - max(0, 1314.1 - 1434.575+161.05))
=5702.458

Invested Capital(Q: Jun. 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))
=6118.128 - 193.991 - ( 119.922 - max(0, 1413.189 - 1510.029+119.922))
=5827.297

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

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

TSTE PCL'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 )
=372.136/( ( (3833.353 + max(994.969, 0)) + (3812.16 + max(1135.674, 0)) )/ 2 )
=372.136/( ( 4828.322 + 4947.834 )/ 2 )
=372.136/4888.078
=7.61 %

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)
=(364.31 + 808.622 + 51.173) - (224.528 + 4.518 + 0.089999999999918)
=994.969

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(420.141 + 876.018 + 38.006) - (193.991 + 4.436 + 0.064000000000078)
=1135.674

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 %:

TSTE PCL'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 )
=103.491/682.016
=15.17 %

* 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.


TSTE PCL Operating Income Related Terms


TSTE PCL Operating Income Historical Data

* Premium members only.

The historical data trend for TSTE 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.

TSTE PCL Operating Income Chart

TSTE 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 228.71 269.27 227.11 176.93 237.79

TSTE PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 60.18 57.82 51.71 61.18 103.49
BKK:TSTE
81GF Score
TSTE PCL BKK:TSTE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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TSTE 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿274 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 ฿274 Mil mean?
TSTE PCL (BKK:TSTE) has a Operating Income of ฿274 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TSTE PCL and its competitors.
Is TSTE PCL's Operating Income too high?
TSTE PCL's current Operating Income is ฿274 Mil. Overall, TSTE PCL has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSTE PCL's Operating Income compare to ADM and BG?
TSTE PCL's Operating Income of ฿274 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 TSTE PCL and its competitors. TSTE PCL's current Operating Income is ฿274 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSTE PCL stock overvalued right now?
Based on GuruFocus' analysis, TSTE PCL (BKK:TSTE) is currently considered Fairly Valued. The stock's GF Value™ is ฿10.78, compared to a current price of ฿10.20 — trading 5.4% below its estimated fair value. The current Operating Income is ฿274 Mil. TSTE PCL's overall GF Score™ is 81/100 with 5 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 TSTE PCL (BKK:TSTE), the current Operating Income is ฿274 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.

Is TSTE PCL (BKK:TSTE) Overvalued in 2026?

Based on GuruFocus' analysis, TSTE PCL stock appears to be undervalued. The current stock price of ฿10.20 is trading 5.4% below its estimated GF Value™ of ฿10.78. GuruFocus considers TSTE PCL to be Fairly Valued.

Key valuation signals for BKK:TSTE:

  • Operating Income: ฿274 Mil
  • GF Value™: ฿10.78 vs. price of ฿10.20 (5.4% below fair value)
  • GF Score™: 81/100 with 5 warning signs

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


TSTE PCL Business Description

Address 90 Moo 1, Soi Siamsilo, Poochaosamingphrai Road, Tambon Samrongklang, Ampher Phrapradaeng, Samutprakarn, THA, 10130
TSTE PCL is a Thailand-based company, which is a provider of logistics services. It operates businesses relating to transfer and transportation services , land rental, warehouse, and other assets rental, land trading operation, land lots appropriation and construction of buildings on land for sale, rental, hire-purchase for residential, real estate and office and commercial units. Its segments include Port service and Warehouse, Vegetable Oil and Packaging, Food and Raw Materials, Real Estate and other. Majority revenue is from the Vegetable Oil and Packaging segment.
81GF Score

Get the complete analysis for BKK:TSTE

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

฿10.20
Price
฿10.78
GF Value