PT Midi Utama Indonesia Tbk (ISX:MIDI) Operating Income: Rp874,872 Mil (TTM As of Jun. 2026)

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ISX:MIDI PT Midi Utama Indonesia Tbk ISX:MIDI
88 GF Score
Price Rp276.00
GF Value Rp461.05
Valuation Significantly Undervalued
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What is PT Midi Utama Indonesia Tbk Operating Income?

PT Midi Utama Indonesia Tbk ISX:MIDI -0.72% 88 Operating Income is Rp874,872 Mil as of Jun. 2026. GuruFocus rates ISX:MIDI with a GF Score™ of 88/100 and a GF Value™ of Rp461.05 (Significantly Undervalued).

PT Midi Utama Indonesia Tbk's Operating Income for the three months ended in Jun. 2026 was Rp224,127 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was Rp874,872 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Midi Utama Indonesia Tbk's Operating Income for the three months ended in Jun. 2026 was Rp224,127 Mil. PT Midi Utama Indonesia Tbk's Revenue for the three months ended in Jun. 2026 was Rp5,366,974 Mil. Therefore, PT Midi Utama Indonesia Tbk's Operating Margin % for the quarter that ended in Jun. 2026 was 4.18%.

Good Sign:

PT Midi Utama Indonesia Tbk operating margin is expanding. Margin expansion is usually a good sign.

PT Midi Utama Indonesia Tbk's 5-Year average Growth Rate for Operating Margin % was 16.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Midi Utama Indonesia Tbk's annualized ROC % for the quarter that ended in Jun. 2026 was 12.36%. PT Midi Utama Indonesia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 23.08%.


PT Midi Utama Indonesia Tbk  (ISX:MIDI) Operating Income Explanation

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

PT Midi Utama Indonesia 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 )
=896508 * ( 1 - 21.42% )/( (5616414 + 5781679)/ 2 )
=704475.9864/5699046.5
=12.36 %

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))
=9667063 - 3791776 - ( 1083751 - max(0, 4226477 - 4485350+1083751))
=5616414

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))
=9272359 - 3520067 - ( 533369 - max(0, 3970362 - 3940975+533369))
=5781679

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 Midi Utama Indonesia 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 )
=1167764/( ( (4990573 + max(-737749, 0)) + (5127862 + max(-466199, 0)) )/ 2 )
=1167764/( ( 4990573 + 5127862 )/ 2 )
=1167764/5059217.5
=23.08 %

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)
=(611385 + 2603003 + 151865) - (3791776 + 0 + 312226)
=-737749

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(471689 + 2757047 + 155569) - (3520067 + 0 + 330437)
=-466199

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 Midi Utama Indonesia 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 )
=224127/5366974
=4.18 %

* 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 Midi Utama Indonesia Tbk Operating Income Related Terms


PT Midi Utama Indonesia Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Midi Utama Indonesia 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 Midi Utama Indonesia Tbk Operating Income Chart

PT Midi Utama Indonesia 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 296,734.00 443,167.00 425,052.00 515,218.00 763,750.00

PT Midi Utama Indonesia Tbk 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 207,029.00 199,430.00 160,405.00 290,910.00 224,127.00
ISX:MIDI
88GF Score
PT Midi Utama Indonesia Tbk ISX:MIDI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Midi Utama Indonesia 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 Rp874,872 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 Rp874,872 Mil mean?
PT Midi Utama Indonesia Tbk (ISX:MIDI) has a Operating Income of Rp874,872 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Midi Utama Indonesia Tbk and its competitors.
Is PT Midi Utama Indonesia Tbk's Operating Income too high?
PT Midi Utama Indonesia Tbk's current Operating Income is Rp874,872 Mil. Overall, PT Midi Utama Indonesia Tbk has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Midi Utama Indonesia Tbk's Operating Income compare to KR and SFM?
PT Midi Utama Indonesia Tbk's Operating Income of Rp874,872 Mil can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Operating Income depends on the Retail - Defensive 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 Midi Utama Indonesia Tbk and its competitors. PT Midi Utama Indonesia Tbk's current Operating Income is Rp874,872 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Midi Utama Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Midi Utama Indonesia Tbk (ISX:MIDI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp461.05, compared to a current price of Rp276.00 — trading 40.1% below its estimated fair value. The current Operating Income is Rp874,872 Mil. PT Midi Utama Indonesia Tbk's overall GF Score™ is 88/100. 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 Midi Utama Indonesia Tbk (ISX:MIDI), the current Operating Income is Rp874,872 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 Midi Utama Indonesia Tbk (ISX:MIDI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Midi Utama Indonesia Tbk stock appears to be undervalued. The current stock price of Rp276.00 is trading 40.1% below its estimated GF Value™ of Rp461.05. GuruFocus considers PT Midi Utama Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MIDI:

  • Operating Income: Rp874,872 Mil
  • GF Value™: Rp461.05 vs. price of Rp276.00 (40.1% below fair value)
  • GF Score™: 88/100

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


PT Midi Utama Indonesia Tbk Business Description

Address Jalan Jalur Sutera Barat, Lantai 12, Kav. 7-9, Gedung Alfa Tower, Alam Sutera, Banten, Tangerang, IDN, 15143
PT Midi Utama Indonesia Tbk is engaged in retail trading for consumer products. It operates under the business segments of Food, Fresh Food, and Non-Food items through minimarkets networks under the Alfamidi and Alfaexpress names, convenience stores under the Lawson name, and supermarket network under the Alfamidi Super name. The company designs its segment based on the location of warehouses which are situated in Jabodetabek, Java - excluding Jabodetabek, and excluding Java. The company generates the majority of its revenue from Jabodetabek. Product-wise, it generates the majority of its revenue from the sale of Food.
88GF Score

Get the complete analysis for ISX:MIDI

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

Rp276.00
Price
Rp461.05
GF Value