RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Operating Income: BDT200 Mil (TTM As of Jun. 2026)

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DHA:RAKCERAMIC RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
71 GF Score
Price BDT30.40
GF Value BDT27.61
Valuation Fairly Valued
! 9 Warning Signs
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What is RAK Ceramics (Bangladesh) Operating Income?

RAK Ceramics (Bangladesh) DHA:RAKCERAMIC +0.33% 71 Operating Income is BDT200 Mil as of Jun. 2026. GuruFocus rates DHA:RAKCERAMIC with a GF Score™ of 71/100 and a GF Value™ of BDT27.61 (Fairly Valued). The stock has 9 warning signs investors should review.

RAK Ceramics (Bangladesh)'s Operating Income for the three months ended in Jun. 2026 was BDT156 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was BDT200 Mil.

Warning Sign:

RAK Ceramics (Bangladesh) Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. RAK Ceramics (Bangladesh)'s Operating Income for the three months ended in Jun. 2026 was BDT156 Mil. RAK Ceramics (Bangladesh)'s Revenue for the three months ended in Jun. 2026 was BDT1,995 Mil. Therefore, RAK Ceramics (Bangladesh)'s Operating Margin % for the quarter that ended in Jun. 2026 was 7.82%.

RAK Ceramics (Bangladesh)'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. RAK Ceramics (Bangladesh)'s annualized ROC % for the quarter that ended in Jun. 2026 was 6.85%. RAK Ceramics (Bangladesh)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.31%.


RAK Ceramics (Bangladesh)  (DHA:RAKCERAMIC) Operating Income Explanation

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

RAK Ceramics (Bangladesh)'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 )
=623.984 * ( 1 - 0% )/( (8866.073 + 9363.406)/ 2 )
=623.984/9114.7395
=6.85 %

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))
=11638.594 - 2296.386 - ( 476.135 - max(0, 4786.982 - 7194.667+476.135))
=8866.073

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))
=11554.288 - 1930.675 - ( 260.207 - max(0, 4645.883 - 7144.323+260.207))
=9363.406

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

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

RAK Ceramics (Bangladesh)'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 )
=560.484/( ( (3808.87 + max(3632.566, 0)) + (3758.666 + max(4141.973, 0)) )/ 2 )
=560.484/( ( 7441.436 + 7900.639 )/ 2 )
=560.484/7671.0375
=7.31 %

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)
=(2658.374 + 3747.713 + 312.445) - (2296.386 + 0 + 789.58)
=3632.566

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2734.159 + 3801.895 + 347.129) - (1930.675 + 0 + 810.535)
=4141.973

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 %:

RAK Ceramics (Bangladesh)'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 )
=155.996/1994.666
=7.82 %

* 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.


RAK Ceramics (Bangladesh) Operating Income Related Terms


RAK Ceramics (Bangladesh) Operating Income Historical Data

* Premium members only.

The historical data trend for RAK Ceramics (Bangladesh)'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.

RAK Ceramics (Bangladesh) Operating Income Chart

RAK Ceramics (Bangladesh) 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 1,123.33 954.81 876.30 215.46 -1.72

RAK Ceramics (Bangladesh) 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 -76.41 120.63 -117.25 40.24 156.00
DHA:RAKCERAMIC
71GF Score
RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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RAK Ceramics (Bangladesh) 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 BDT200 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 BDT200 Mil mean?
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) has a Operating Income of BDT200 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on RAK Ceramics (Bangladesh) and its competitors.
Is RAK Ceramics (Bangladesh)'s Operating Income too high?
RAK Ceramics (Bangladesh)'s current Operating Income is BDT200 Mil. Overall, RAK Ceramics (Bangladesh) has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does RAK Ceramics (Bangladesh)'s Operating Income compare to TT and JCI?
RAK Ceramics (Bangladesh)'s Operating Income of BDT200 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 RAK Ceramics (Bangladesh) and its competitors. RAK Ceramics (Bangladesh)'s current Operating Income is BDT200 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAK Ceramics (Bangladesh) stock overvalued right now?
Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) is currently considered Fairly Valued. The stock's GF Value™ is BDT27.61, compared to a current price of BDT30.40 — trading 10.1% above its estimated fair value. The current Operating Income is BDT200 Mil. RAK Ceramics (Bangladesh)'s overall GF Score™ is 71/100 with 9 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC), the current Operating Income is BDT200 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Overvalued in 2026?

Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) stock appears to be overvalued. The current stock price of BDT30.40 is trading 10.1% above its estimated GF Value™ of BDT27.61. GuruFocus considers RAK Ceramics (Bangladesh) to be Fairly Valued.

Key valuation signals for DHA:RAKCERAMIC:

  • Operating Income: BDT200 Mil
  • GF Value™: BDT27.61 vs. price of BDT30.40 (10.1% above fair value)
  • GF Score™: 71/100 with 9 warning signs

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


RAK Ceramics (Bangladesh) Business Description

Address Plot 1/A Jasimuddin Avenue, RAK Tower, 7th, 8th & 9th Floors, Sector-3, Uttara Model Town, Dhaka, BGD, 1230
RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets, and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security, and services. Substantial revenue for the group is derived from the Ceramics and sanitary ware segment that engages in manufacturing and marketing of ceramic tiles, bathroom sets, and all types of sanitary ware.
71GF Score

Get the complete analysis for DHA:RAKCERAMIC

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

BDT30.40
Price
BDT27.61
GF Value