PT Arkora Hydro Tbk (ISX:ARKO) Operating Income: Rp10,338 Mil (TTM As of Jun. 2026)

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ISX:ARKO PT Arkora Hydro Tbk ISX:ARKO
81 GF Score
Price Rp4,590.00
GF Value Rp1,807.66
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT Arkora Hydro Tbk Operating Income?

PT Arkora Hydro Tbk ISX:ARKO -2.34% 81 Operating Income is Rp10,338 Mil as of Jun. 2026. GuruFocus rates ISX:ARKO with a GF Score™ of 81/100 and a GF Value™ of Rp1,807.66 (Significantly Overvalued). The stock has 6 warning signs investors should review.

PT Arkora Hydro Tbk's Operating Income for the three months ended in Jun. 2026 was Rp12,324 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was Rp10,338 Mil.

Warning Sign:

PT Arkora Hydro Tbk 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. PT Arkora Hydro Tbk's Operating Income for the three months ended in Jun. 2026 was Rp12,324 Mil. PT Arkora Hydro Tbk's Revenue for the three months ended in Jun. 2026 was Rp64,955 Mil. Therefore, PT Arkora Hydro Tbk's Operating Margin % for the quarter that ended in Jun. 2026 was 18.97%.

PT Arkora Hydro Tbk'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. PT Arkora Hydro Tbk's annualized ROC % for the quarter that ended in Jun. 2026 was 2.24%. PT Arkora Hydro Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 91.98%.


PT Arkora Hydro Tbk  (ISX:ARKO) Operating Income Explanation

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

PT Arkora Hydro Tbk'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 )
=49294.024 * ( 1 - 16.66% )/( (1791852.546 + 1877133.214)/ 2 )
=41081.6396016/1834492.88
=2.24 %

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))
=1706020.219 - 41555.123 - ( 258684.064 - max(0, 412044.881 - 284657.431+258684.064))
=1791852.546

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))
=1742160.655 - 38199.056 - ( 209698.57 - max(0, 416837.798 - 243666.183+209698.57))
=1877133.214

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

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

PT Arkora Hydro Tbk'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 )
=190635.772/( ( (213999.108 + max(-17000.53, 0)) + (200520.513 + max(-5232.2700000001, 0)) )/ 2 )
=190635.772/( ( 213999.108 + 200520.513 )/ 2 )
=190635.772/207259.8105
=91.98 %

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)
=(22760.143 + 0 + 3213.224) - (41555.123 + 0 + 1418.774)
=-17000.53

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29511.718 + 0 + 4455.895) - (38199.056 + 0 + 1000.827)
=-5232.2700000001

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 %:

PT Arkora Hydro Tbk'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 )
=12323.506/64954.928
=18.97 %

* 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.


PT Arkora Hydro Tbk Operating Income Related Terms


PT Arkora Hydro Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Arkora Hydro Tbk'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.

PT Arkora Hydro Tbk Operating Income Chart

PT Arkora Hydro Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 91,107.40 96,044.77 60,694.41 1,274.12 17,466.56

PT Arkora Hydro Tbk Quarterly Data
Dec20 Nov21 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 6,238.54 20,850.58 -32,962.82 10,126.30 12,323.51
ISX:ARKO
81GF Score
PT Arkora Hydro Tbk ISX:ARKO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Arkora Hydro Tbk 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 Rp10,338 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 Rp10,338 Mil mean?
PT Arkora Hydro Tbk (ISX:ARKO) has a Operating Income of Rp10,338 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Arkora Hydro Tbk and its competitors.
Is PT Arkora Hydro Tbk's Operating Income too high?
PT Arkora Hydro Tbk's current Operating Income is Rp10,338 Mil. Overall, PT Arkora Hydro Tbk has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Arkora Hydro Tbk's Operating Income compare to competitors?
PT Arkora Hydro Tbk's Operating Income of Rp10,338 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 PT Arkora Hydro Tbk and its competitors. PT Arkora Hydro Tbk's current Operating Income is Rp10,338 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Arkora Hydro Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Arkora Hydro Tbk (ISX:ARKO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,807.66, compared to a current price of Rp4,590.00 — trading 153.9% above its estimated fair value. The current Operating Income is Rp10,338 Mil. PT Arkora Hydro Tbk's overall GF Score™ is 81/100 with 6 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 PT Arkora Hydro Tbk (ISX:ARKO), the current Operating Income is Rp10,338 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 PT Arkora Hydro Tbk (ISX:ARKO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Arkora Hydro Tbk stock appears to be overvalued. The current stock price of Rp4,590.00 is trading 153.9% above its estimated GF Value™ of Rp1,807.66. GuruFocus considers PT Arkora Hydro Tbk to be Significantly Overvalued.

Key valuation signals for ISX:ARKO:

  • Operating Income: Rp10,338 Mil
  • GF Value™: Rp1,807.66 vs. price of Rp4,590.00 (153.9% above fair value)
  • GF Score™: 81/100 with 6 warning signs

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


PT Arkora Hydro Tbk Business Description

Address Jalan Jenderal Sudirman Kav 52-53, SCBD Lot 28, Treasury Tower, Level 9, Unit G-H, District 8, Jakarta, IDN, 12190
PT Arkora Hydro Tbk is dedicated to the development and operation of hydropower plants in Indonesia. The company owns and develops hydropower plant facilities that operate in a run-of-river fashion throughout Indonesia. The run-of-river hydropower plant is the type of power plant where little or no water storage is needed. The company's reportable segments are; the 7.4 MW mini hydro powerplant in Cikopo (West Java), the 10 MW mini hydro power plant in Tomasa (Sulawesi Tengah), the 10 MW minihydro electric power plant in Yaentu (Central Sulawesi), the 5.4 MW minihydro electric power plant in Kukusan (Lampung), and the 10 MW minihydro electric power plant in Tomoni (Sulawesi Selatan), and other construction services.
81GF Score

Get the complete analysis for ISX:ARKO

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

Rp4,590.00
Price
Rp1,807.66
GF Value