PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) Operating Income: Rp68,333 Mil (TTM As of Dec. 2025)

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ISX:MKAP PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
46 GF Score
Price Rp1,160.00
! 6 Warning Signs
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What is PT Multikarya Asia Pasifik Raya Tbk Operating Income?

PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP -0.43% 46 Operating Income is Rp68,333 Mil as of Dec. 2025. GuruFocus rates ISX:MKAP with a GF Score™ of 46/100. The stock has 6 warning signs investors should review.

PT Multikarya Asia Pasifik Raya Tbk's Operating Income for the six months ended in Dec. 2025 was Rp68,333 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was Rp68,333 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Multikarya Asia Pasifik Raya Tbk's Operating Income for the six months ended in Dec. 2025 was Rp68,333 Mil. PT Multikarya Asia Pasifik Raya Tbk's Revenue for the six months ended in Dec. 2025 was Rp405,636 Mil. Therefore, PT Multikarya Asia Pasifik Raya Tbk's Operating Margin % for the quarter that ended in Dec. 2025 was 16.85%.

Good Sign:

PT Multikarya Asia Pasifik Raya Tbk operating margin is expanding. Margin expansion is usually a good sign.

PT Multikarya Asia Pasifik Raya Tbk's 5-Year average Growth Rate for Operating Margin % was 35.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Multikarya Asia Pasifik Raya Tbk's annualized ROC % for the quarter that ended in Dec. 2025 was 12.45%. PT Multikarya Asia Pasifik Raya Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 19.07%.


PT Multikarya Asia Pasifik Raya Tbk  (ISX:MKAP) Operating Income Explanation

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

PT Multikarya Asia Pasifik Raya Tbk'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: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=68332.561 * ( 1 - 19.95% )/( (434104.308 + 444321.308)/ 2 )
=54700.2150805/439212.808
=12.45 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=519155.498 - 44567.486 - ( 40483.704 - max(0, 209342.672 - 365947.03+40483.704))
=434104.308

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))
=536122.411 - 52912.569 - ( 38888.534 - max(0, 178337.83 - 366268.879+38888.534))
=444321.308

Note: The Operating Income data used here is one times the annual (Dec. 2025) data.

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

PT Multikarya Asia Pasifik Raya Tbk'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: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=82138.915/( ( (150998.561 + max(274923.944, 0)) + (166368.452 + max(269114.212, 0)) )/ 2 )
=82138.915/( ( 425922.505 + 435482.664 )/ 2 )
=82138.915/430702.5845
=19.07 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89299.004 + 155640.717 + 80276.377) - (44567.486 + 0 + 5724.668)
=274923.944

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(114015.03 + 142185.455 + 70844.324) - (52912.569 + 0 + 5018.028)
=269114.212

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

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

PT Multikarya Asia Pasifik Raya Tbk'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 )
=68332.561/405636.315
=16.85 %

* 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 Multikarya Asia Pasifik Raya Tbk Operating Income Related Terms


PT Multikarya Asia Pasifik Raya Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Multikarya Asia Pasifik Raya 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 Multikarya Asia Pasifik Raya Tbk Operating Income Chart

PT Multikarya Asia Pasifik Raya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 6,204.32 17,817.85 29,236.98 68,513.19 68,332.56

PT Multikarya Asia Pasifik Raya Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income Get a 7-Day Free Trial 6,204.32 17,817.85 29,236.98 68,513.19 68,332.56
ISX:MKAP
46GF Score
PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multikarya Asia Pasifik Raya 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was Rp68,333 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 Rp68,333 Mil mean?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a Operating Income of Rp68,333 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Multikarya Asia Pasifik Raya Tbk and its competitors.
Is PT Multikarya Asia Pasifik Raya Tbk's Operating Income too high?
PT Multikarya Asia Pasifik Raya Tbk's current Operating Income is Rp68,333 Mil. Overall, PT Multikarya Asia Pasifik Raya Tbk has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does PT Multikarya Asia Pasifik Raya Tbk's Operating Income compare to SLB and BKR?
PT Multikarya Asia Pasifik Raya Tbk's Operating Income of Rp68,333 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Multikarya Asia Pasifik Raya Tbk and its competitors. PT Multikarya Asia Pasifik Raya Tbk's current Operating Income is Rp68,333 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multikarya Asia Pasifik Raya Tbk stock overvalued right now?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a current Operating Income of Rp68,333 Mil. The current Operating Income is Rp68,333 Mil. PT Multikarya Asia Pasifik Raya Tbk's overall GF Score™ is 46/100 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 Multikarya Asia Pasifik Raya Tbk (ISX:MKAP), the current Operating Income is Rp68,333 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.

PT Multikarya Asia Pasifik Raya Tbk Business Description

Industry EnergyOil & Gas
Address Jalan TB Simatupang No 02, Cibis Nine, 16th Floor, Cilandak Timur, Pasar Minggu, South Jakarta, Jakarta, IDN, 12560
PT Multikarya Asia Pasifik Raya Tbk is engaged in the manufacturing and trading of services, as well as the rental and repair of pumps and other supporting equipment, including spare parts for the oil, natural gas, and mining industries. The firm operates through two main segments: Spare Parts and Procurement, and Rental and Services, with the majority of its revenue coming from the Spare Parts and Procurement segment. For the oil and gas industry, it offers products and services such as crude oil transfer to and from further processing, water reinjection production, water treatment injection plants, and pumps for mud, cement, and stimulation. In the mining industry, the company provides services for water drying and mud removal, along with reinstallation, repair, and rejuvenation of pump.
46GF Score

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

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