GULRF (Guoco Group) Operating Income: $295 Mil (TTM As of Dec. 2025)

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GULRF Guoco Group Ltd GULRF
66 GF Score
Price $8.34
GF Value $9.39
! 3 Warning Signs
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What is Guoco Group Operating Income?

Guoco Group GULRF -6.10% 66 Operating Income is $295 Mil as of Dec. 2025. GuruFocus rates GULRF with a GF Score™ of 66/100 and a GF Value™ of $9.39. The stock has 3 warning signs investors should review.

Guoco Group's Operating Income for the six months ended in Dec. 2025 was $137 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $295 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Guoco Group's Operating Income for the six months ended in Dec. 2025 was $137 Mil. Guoco Group's Revenue for the six months ended in Dec. 2025 was $1,500 Mil. Therefore, Guoco Group's Operating Margin % for the quarter that ended in Dec. 2025 was 9.10%.

Good Sign:

Guoco Group Ltd operating margin is expanding. Margin expansion is usually a good sign.

Guoco Group's 5-Year average Growth Rate for Operating Margin % was 22.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guoco Group's annualized ROC % for the quarter that ended in Dec. 2025 was 1.64%. Guoco Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.00%.


Guoco Group  (OTCPK:GULRF) Operating Income Explanation

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

Guoco Group'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 )
=273.186 * ( 1 - 13.7% )/( (14651.548 + 14143.4)/ 2 )
=235.759518/14397.474
=1.64 %

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))
=18670.386 - 757.79 - ( 3261.048 - max(0, 2318.672 - 6222.363+3261.048))
=14651.548

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))
=17912.074 - 698.303 - ( 3070.371 - max(0, 1787.695 - 5536.41+3070.371))
=14143.4

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:

Guoco Group'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 )
=764.16/( ( (2519.097 + max(1263.957, 0)) + (2493.058 + max(1001.411, 0)) )/ 2 )
=764.16/( ( 3783.054 + 3494.469 )/ 2 )
=764.16/3638.7615
=21.00 %

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)
=(242.933 + 1947.351 + 6.2640000000001) - (757.79 + 0 + 174.801)
=1263.957

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(119.828 + 1688.195 + 11.93) - (698.303 + 0 + 120.239)
=1001.411

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 %:

Guoco Group'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 )
=136.593/1500.49
=9.10 %

* 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.


Guoco Group Operating Income Related Terms


Guoco Group Operating Income Historical Data

* Premium members only.

The historical data trend for Guoco Group'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.

Guoco Group Operating Income Chart

Guoco Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.95 284.51 213.00 483.65 467.43

Guoco Group 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 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 297.25 186.41 309.51 157.91 136.59
GULRF
66GF Score
Guoco Group Ltd GULRF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Guoco Group 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 $295 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 $295 Mil mean?
Guoco Group (GULRF) has a Operating Income of $295 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Guoco Group and its competitors.
Is Guoco Group's Operating Income too high?
Guoco Group's current Operating Income is $295 Mil. Overall, Guoco Group has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Guoco Group's Operating Income compare to HON and MMM?
Guoco Group's Operating Income of $295 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Guoco Group and its competitors. Guoco Group's current Operating Income is $295 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guoco Group stock overvalued right now?
Guoco Group (GULRF) has a current Operating Income of $295 Mil. The stock's GF Value™ is $9.39, compared to a current price of $8.34 — trading 11.2% below its estimated fair value. The current Operating Income is $295 Mil. Guoco Group's overall GF Score™ is 66/100 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 Guoco Group (GULRF), the current Operating Income is $295 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 Guoco Group (GULRF) Overvalued in 2026?

Based on GuruFocus' analysis, Guoco Group stock appears to be undervalued. The current stock price of $8.34 is trading 11.2% below its estimated GF Value™ of $9.39.

Key valuation signals for GULRF:

  • Operating Income: $295 Mil
  • GF Value™: $9.39 vs. price of $8.34 (11.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Guoco Group Business Description

Other Exchanges 00053:Hong KongGUO:Germany
Address 99 Queen\'s Road Central, 50th Floor, The Center, Hong Kong, HKG
Guoco Group Ltd is engaged in investment holding and management. The company operates in four main segments: principal investment, property development and investment, hospitality and leisure, and financial services. It generates additional revenue from oil and gas production. The principal investment segment covers direct and equity investments, as well as treasury operations. The property development and investment segment develops residential and commercial properties in Hong Kong, China, and other locations. The main revenue driver, the hospitality and leisure segment, owns, leases, and manages hotels and operates gaming businesses in the UK and Spain. The financial services segment includes commercial, consumer, and investment banking, as well as insurance services.
66GF Score

Get the complete analysis for GULRF

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

$8.34
Price
$9.39
GF Value