PT Mitra Adiperkasa Tbk (ISX:MAPI) Operating Income: Rp4,500,526 Mil (TTM As of Mar. 2026)


ISX:MAPI PT Mitra Adiperkasa Tbk ISX:MAPI
85 GF Score
Price Rp1,515.00
GF Value Rp1,760.56
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Mitra Adiperkasa Tbk Operating Income?

PT Mitra Adiperkasa Tbk ISX:MAPI -0.33% 85 Operating Income is Rp4,500,526 Mil as of Mar. 2026. GuruFocus rates ISX:MAPI with a GF Score™ of 85/100 and a GF Value™ of Rp1,760.56 (Modestly Undervalued). The stock has 4 warning signs investors should review.

PT Mitra Adiperkasa Tbk's Operating Income for the three months ended in Mar. 2026 was Rp1,143,404 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp4,500,526 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Mitra Adiperkasa Tbk's Operating Income for the three months ended in Mar. 2026 was Rp1,143,404 Mil. PT Mitra Adiperkasa Tbk's Revenue for the three months ended in Mar. 2026 was Rp13,198,732 Mil. Therefore, PT Mitra Adiperkasa Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 8.66%.

PT Mitra Adiperkasa 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 Mitra Adiperkasa Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 16.53%. PT Mitra Adiperkasa Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.42%.


PT Mitra Adiperkasa Tbk  (ISX:MAPI) Operating Income Explanation

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

PT Mitra Adiperkasa 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 )
=4573616 * ( 1 - 18.45% )/( (21974817 + 23150657)/ 2 )
=3729783.848/22562737
=16.53 %

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))
=32824207 - 4814620 - ( 6034770 - max(0, 11448935 - 18425158+6034770))
=21974817

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))
=34222432 - 4751896 - ( 6319879 - max(0, 11951505 - 19334841+6319879))
=23150657

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 Mitra Adiperkasa 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 )
=4311572/( ( (11795774 + max(5264183, 0)) + (12122317 + max(6127368, 0)) )/ 2 )
=4311572/( ( 17059957 + 18249685 )/ 2 )
=4311572/17654821
=24.42 %

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)
=(773613 + 9342054 + 1890994) - (4814620 + 0 + 1927858)
=5264183

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(678899 + 9776560 + 2274191) - (4751896 + 0 + 1850386)
=6127368

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 Mitra Adiperkasa 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 )
=1143404/13198732
=8.66 %

* 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 Mitra Adiperkasa Tbk Operating Income Related Terms


PT Mitra Adiperkasa Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Mitra Adiperkasa 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 Mitra Adiperkasa Tbk Operating Income Chart

PT Mitra Adiperkasa 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 1,293,753.00 3,291,790.00 3,785,890.00 3,691,567.00 4,223,756.00

PT Mitra Adiperkasa 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 866,634.00 943,923.00 946,130.00 1,467,069.00 1,143,404.00
ISX:MAPI
85GF Score
PT Mitra Adiperkasa Tbk ISX:MAPI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mitra Adiperkasa 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 Rp4,500,526 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 Rp4,500,526 Mil mean?
PT Mitra Adiperkasa Tbk (ISX:MAPI) has a Operating Income of Rp4,500,526 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Mitra Adiperkasa Tbk and its competitors.
Is PT Mitra Adiperkasa Tbk's Operating Income too high?
PT Mitra Adiperkasa Tbk's current Operating Income is Rp4,500,526 Mil. Overall, PT Mitra Adiperkasa Tbk has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mitra Adiperkasa Tbk's Operating Income compare to DDS and M?
PT Mitra Adiperkasa Tbk's Operating Income of Rp4,500,526 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Mitra Adiperkasa Tbk and its competitors. PT Mitra Adiperkasa Tbk's current Operating Income is Rp4,500,526 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mitra Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk (ISX:MAPI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,760.56, compared to a current price of Rp1,515.00 — trading 13.9% below its estimated fair value. The current Operating Income is Rp4,500,526 Mil. PT Mitra Adiperkasa Tbk's overall GF Score™ is 85/100 with 4 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 Mitra Adiperkasa Tbk (ISX:MAPI), the current Operating Income is Rp4,500,526 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 Mitra Adiperkasa Tbk (ISX:MAPI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp1,515.00 is trading 13.9% below its estimated GF Value™ of Rp1,760.56. GuruFocus considers PT Mitra Adiperkasa Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MAPI:

  • Operating Income: Rp4,500,526 Mil
  • GF Value™: Rp1,760.56 vs. price of Rp1,515.00 (13.9% below fair value)
  • GF Score™: 85/100 with 4 warning signs

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


PT Mitra Adiperkasa Tbk Business Description

Other Exchanges PMDKF:USAQGI:Germany
Address Jalan Jend Sudirman Kav 86, 29th Floor, Sahid Sudirman Center, Central Jakarta, Jakarta, IDN, 10220
PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others.
85GF Score

Get the complete analysis for ISX:MAPI

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

Rp1,515.00
Price
Rp1,760.56
GF Value