PT Duta Anggada Realty Tbk (ISX:DART) Operating Income: Rp90,010 Mil (TTM As of Mar. 2026)


ISX:DART PT Duta Anggada Realty Tbk ISX:DART
63 GF Score
Price Rp121.00
GF Value Rp173.93
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Duta Anggada Realty Tbk Operating Income?

PT Duta Anggada Realty Tbk ISX:DART -1.63% 63 Operating Income is Rp90,010 Mil as of Mar. 2026. GuruFocus rates ISX:DART with a GF Score™ of 63/100 and a GF Value™ of Rp173.93 (Possible Value Trap). The stock has 5 warning signs investors should review.

PT Duta Anggada Realty Tbk's Operating Income for the three months ended in Mar. 2026 was Rp14,947 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp90,010 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Duta Anggada Realty Tbk's Operating Income for the three months ended in Mar. 2026 was Rp14,947 Mil. PT Duta Anggada Realty Tbk's Revenue for the three months ended in Mar. 2026 was Rp118,927 Mil. Therefore, PT Duta Anggada Realty Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 12.57%.

PT Duta Anggada Realty 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 Duta Anggada Realty Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 0.74%. PT Duta Anggada Realty Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.99%.


PT Duta Anggada Realty Tbk  (ISX:DART) Operating Income Explanation

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

PT Duta Anggada Realty Tbk's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=59788.2 * ( 1 - 1.72% )/( (8433612.179 + 7499423.66)/ 2 )
=58759.84296/7966517.9195
=0.74 %

where

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))
=6103393.716 - 596328.444 - ( 31256.102 - max(0, 3055991.785 - 129444.878+31256.102))
=8433612.179

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))
=6070687.679 - 635665.972 - ( 22511.599 - max(0, 2184220.143 - 119818.19+22511.599))
=7499423.66

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

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

PT Duta Anggada Realty Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=36176.916/( ( (3668849.858 + max(-1084506.732, 0)) + (3658487.01 + max(-1111076.509, 0)) )/ 2 )
=36176.916/( ( 3668849.858 + 3658487.01 )/ 2 )
=36176.916/3663668.434
=0.99 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15074.243 + 57049.643 + 18921.555) - (596328.444 + 0 + 579223.729)
=-1084506.732

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15025.924 + 57213.883 + 19014.387) - (635665.972 + 0 + 566664.731)
=-1111076.509

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

PT Duta Anggada Realty Tbk's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=14947.05/118927.469
=12.57 %

* 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 Duta Anggada Realty Tbk Operating Income Related Terms


PT Duta Anggada Realty Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Duta Anggada Realty 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 Duta Anggada Realty Tbk Operating Income Chart

PT Duta Anggada Realty Tbk 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 -67,145.77 -35,598.78 28,520.69 64,336.24 88,824.12

PT Duta Anggada Realty Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 13,761.35 23,605.51 23,264.89 28,192.38 14,947.05
ISX:DART
63GF Score
PT Duta Anggada Realty Tbk ISX:DART
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Duta Anggada Realty 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp90,010 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 Rp90,010 Mil mean?
PT Duta Anggada Realty Tbk (ISX:DART) has a Operating Income of Rp90,010 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Duta Anggada Realty Tbk and its competitors.
Is PT Duta Anggada Realty Tbk's Operating Income too high?
PT Duta Anggada Realty Tbk's current Operating Income is Rp90,010 Mil. Overall, PT Duta Anggada Realty Tbk has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Duta Anggada Realty Tbk's Operating Income compare to CBRE and BEKE?
PT Duta Anggada Realty Tbk's Operating Income of Rp90,010 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Duta Anggada Realty Tbk and its competitors. PT Duta Anggada Realty Tbk's current Operating Income is Rp90,010 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Duta Anggada Realty Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Duta Anggada Realty Tbk (ISX:DART) is currently considered Possible Value Trap. The stock's GF Value™ is Rp173.93, compared to a current price of Rp121.00 — trading 30.4% below its estimated fair value. The current Operating Income is Rp90,010 Mil. PT Duta Anggada Realty Tbk's overall GF Score™ is 63/100 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 PT Duta Anggada Realty Tbk (ISX:DART), the current Operating Income is Rp90,010 Mil as of Mar. 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 Duta Anggada Realty Tbk (ISX:DART) Overvalued in 2026?

Based on GuruFocus' analysis, PT Duta Anggada Realty Tbk stock appears to be undervalued. The current stock price of Rp121.00 is trading 30.4% below its estimated GF Value™ of Rp173.93. GuruFocus considers PT Duta Anggada Realty Tbk to be Possible Value Trap.

Key valuation signals for ISX:DART:

  • Operating Income: Rp90,010 Mil
  • GF Value™: Rp173.93 vs. price of Rp121.00 (30.4% below fair value)
  • GF Score™: 63/100 with 5 warning signs

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


PT Duta Anggada Realty Tbk Business Description

Address Jalan Jend. Sudirman Kav. 21, Plaza Chase, 21 Floor, Jakarta, IDN, 12920
PT Duta Anggada Realty Tbk is a real estate company. The company engages in the development, sales, rental, and managing of apartments, office buildings, shopping centers, tourism hospitality, and other related activities. Its portfolio of real estate consists of fully completed or under-development properties in the office, residential, retail, hotel, and industrial estate sectors. The company's segments include Rental Income, Service fees, Hotel income, Strata title units sold, and Others. The majority of the income is derived from the Rental income segment.
63GF Score

Get the complete analysis for ISX:DART

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

Rp121.00
Price
Rp173.93
GF Value