CAOLF (China Aviation Oil (Singapore)) Operating Income: $66 Mil (TTM As of Dec. 2025)

What is China Aviation Oil (Singapore) Operating Income?

China Aviation Oil (Singapore) CAOLF 73 Operating Income is $66 Mil as of Dec. 2025. GuruFocus rates CAOLF with a GF Score™ of 73/100 and a GF Value™ of $0.96. The stock has 1 warning sign investors should review.

China Aviation Oil (Singapore)'s Operating Income for the six months ended in Dec. 2025 was $37 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $66 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Aviation Oil (Singapore)'s Operating Income for the six months ended in Dec. 2025 was $37 Mil. China Aviation Oil (Singapore)'s Revenue for the six months ended in Dec. 2025 was $7,879 Mil. Therefore, China Aviation Oil (Singapore)'s Operating Margin % for the quarter that ended in Dec. 2025 was 0.48%.

Good Sign:

China Aviation Oil (Singapore) Corp Ltd operating margin is expanding. Margin expansion is usually a good sign.

China Aviation Oil (Singapore)'s 5-Year average Growth Rate for Operating Margin % was 4.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Aviation Oil (Singapore)'s annualized ROC % for the quarter that ended in Dec. 2025 was 13.20%. China Aviation Oil (Singapore)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 112.10%.

China Aviation Oil (Singapore) (OTCPK:CAOLF) Operating Income Explanation

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

China Aviation Oil (Singapore)'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 )
=	74.882 * ( 1 - 13.15% )	/	( (542.049	+	443.207)	/ 2 )
=	65.035017	/	492.628
=	13.20 %

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	))
=	2206.894	-	1149.517	-	( 515.328	-	max(0, 1175.611	-	1901.329	+	515.328	))
=	542.049

	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	))
=	2267.617	-	1137.412	-	( 686.998	-	max(0, 1171.921	-	1961.016	+	686.998	))
=	443.207

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:

China Aviation Oil (Singapore)'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 )
=	140.432	/	( ( (15.204 + max(150.311, 0))	+	(17.722 + max(67.303, 0)) )	/	2 )
=	140.432	/	( ( 165.515	+	85.025 )	/	2 )
=	140.432	/	125.27
=	112.10 %

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)
=	(1148.561	+	99.89	+	76.53)	-	(1149.517	+	0	+	25.153)
=	150.311

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1040.336	+	136.657	+	60.783)	-	(1137.412	+	0	+	33.061)
=	67.303

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 %:

China Aviation Oil (Singapore)'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 )
	=	37.441	/	7879.027
	=	0.48 %

* 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.

China Aviation Oil (Singapore) Operating Income Related Terms

China Aviation Oil (Singapore) Operating Income Historical Data

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The historical data trend for China Aviation Oil (Singapore)'s Operating Income can be seen below:

China Aviation Oil (Singapore) Operating Income Chart

China Aviation Oil (Singapore) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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18.07

20.15

17.63

23.36

49.68

China Aviation Oil (Singapore) 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															22.79	24.63	16.08	28.47	37.44

73GF Score

China Aviation Oil (Singapore) Corp Ltd CAOLF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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China Aviation Oil (Singapore) 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 $66 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $66 Mil mean?

China Aviation Oil (Singapore) (CAOLF) has a Operating Income of $66 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Aviation Oil (Singapore) and its competitors.

Is China Aviation Oil (Singapore)'s Operating Income too high?

China Aviation Oil (Singapore)'s current Operating Income is $66 Mil. Overall, China Aviation Oil (Singapore) has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.

How does China Aviation Oil (Singapore)'s Operating Income compare to VLO and MPC?

China Aviation Oil (Singapore)'s Operating Income of $66 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?

A good Operating Income depends on the Oil & Gas 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 China Aviation Oil (Singapore) and its competitors. China Aviation Oil (Singapore)'s current Operating Income is $66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Aviation Oil (Singapore) stock overvalued right now?

China Aviation Oil (Singapore) (CAOLF) has a current Operating Income of $66 Mil. The stock's GF Value™ is $0.96, compared to a current price of $1.74 — trading 81.3% above its estimated fair value. The current Operating Income is $66 Mil. China Aviation Oil (Singapore)'s overall GF Score™ is 73/100 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 China Aviation Oil (Singapore) (CAOLF), the current Operating Income is $66 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 China Aviation Oil (Singapore) (CAOLF) Overvalued in 2026?

Based on GuruFocus' analysis, China Aviation Oil (Singapore) stock appears to be overvalued. The current stock price of $1.74 is trading 81.3% above its estimated GF Value™ of $0.96.

Key valuation signals for CAOLF:

Operating Income: $66 Mil
GF Value™: $0.96 vs. price of $1.74 (81.3% above fair value)
GF Score™: 73/100 with 1 warning sign

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

China Aviation Oil (Singapore) Business Description

Industry Energy Oil & Gas

Comparable Companies SGX:Y35 SGX:5AU NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE NSE:IOC TSE:5020 TPE:6505 BOM:500547 SUN DINO XKRX:096770 BUD:MOL TSE:5019 IST:TUPRS NSE:HINDPETRO XKRX:267250

Other Exchanges G92:Singapore VZ8:Germany

Address 8 Temasek Boulevard, No. 31-02 Suntec Tower Three, Singapore, SGP, 038988

Website https://www.caosco.com

China Aviation Oil (Singapore) Corp Ltd provides transportation fuels. With the core business involving the supply and trading of jet fuel across China and internationally, covering Asia-Pacific, North America, Europe, and the Middle East, the company also trades other oil products, which include fuel oil, gas oil, aviation gas, and crude oil in the Asia-Pacific region. The company operates in three segments: i) Middle Distillates: It engages in supplying and trading jet fuel and gas oil. ii) Other Oil Products: It involves the supply and trading of fuel oil, crude oil, and gasoline, and iii) Investments in Oil-Related Assets: Investments in oil-related assets through the Group's holdings in associates. The majority of the company's revenue is derived from the Middle distillates segment.

73GF Score

Get the complete analysis for CAOLF

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

$1.74

Price

$0.96

GF Value

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