PTrana Mitra Luas TBK (ISX:SMIL) Operating Income: Rp110,987 Mil (TTM As of Mar. 2026)

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ISX:SMIL PT Sarana Mitra Luas TBK ISX:SMIL
80 GF Score
Price Rp382.00
GF Value Rp265.17
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PTrana Mitra Luas TBK Operating Income?

PTrana Mitra Luas TBK ISX:SMIL +3.24% 80 Operating Income is Rp110,987 Mil as of Mar. 2026. GuruFocus rates ISX:SMIL with a GF Score™ of 80/100 and a GF Value™ of Rp265.17 (Significantly Overvalued). The stock has 6 warning signs investors should review.

PTrana Mitra Luas TBK's Operating Income for the three months ended in Mar. 2026 was Rp39,240 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp110,987 Mil.

Warning Sign:

PT Sarana Mitra Luas 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. PTrana Mitra Luas TBK's Operating Income for the three months ended in Mar. 2026 was Rp39,240 Mil. PTrana Mitra Luas TBK's Revenue for the three months ended in Mar. 2026 was Rp128,828 Mil. Therefore, PTrana Mitra Luas TBK's Operating Margin % for the quarter that ended in Mar. 2026 was 30.46%.

Warning Sign:

PT Sarana Mitra Luas TBK operating margin has been in a 5-year decline. The average rate of decline per year is -2.6%.

PTrana Mitra Luas TBK's 5-Year average Growth Rate for Operating Margin % was -2.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PTrana Mitra Luas TBK's annualized ROC % for the quarter that ended in Mar. 2026 was 15.36%. PTrana Mitra Luas TBK's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.83%.


PTrana Mitra Luas TBK  (ISX:SMIL) Operating Income Explanation

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

PTrana Mitra Luas 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 )
=156959.696 * ( 1 - 0% )/( (976783.845 + 1067232.921)/ 2 )
=156959.696/1022008.383
=15.36 %

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))
=1155794.619 - 18944.753 - ( 160066.021 - max(0, 100968.757 - 374464.645+160066.021))
=976783.845

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))
=1183156.328 - 17306.079 - ( 98617.328 - max(0, 98725.515 - 346721.534+98617.328))
=1067232.921

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

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

PTrana Mitra Luas 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 )
=162557.76/( ( (726777.75 + max(193383.688, 0)) + (781886.942 + max(229351.352, 0)) )/ 2 )
=162557.76/( ( 920161.438 + 1011238.294 )/ 2 )
=162557.76/965699.866
=16.83 %

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)
=(119001.988 + 86633.47 + 6770.484) - (18944.753 + 0 + 77.501000000004)
=193383.688

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(142719.381 + 96245.439 + 7770.111) - (17306.079 + 0 + 77.5)
=229351.352

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 %:

PTrana Mitra Luas 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 )
=39239.924/128828.469
=30.46 %

* 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.


PTrana Mitra Luas TBK Operating Income Related Terms


PTrana Mitra Luas TBK Operating Income Historical Data

* Premium members only.

The historical data trend for PTrana Mitra Luas 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.

PTrana Mitra Luas TBK Operating Income Chart

PTrana Mitra Luas TBK Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 98,287.02 68,352.09 101,266.77 91,791.66 104,126.40

PTrana Mitra Luas TBK Quarterly Data
Dec19 Dec20 Dec21 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 32,379.03 38,893.11 35,364.07 -2,509.81 39,239.92
ISX:SMIL
80GF Score
PT Sarana Mitra Luas TBK ISX:SMIL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PTrana Mitra Luas 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 Rp110,987 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 Rp110,987 Mil mean?
PTrana Mitra Luas TBK (ISX:SMIL) has a Operating Income of Rp110,987 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PTrana Mitra Luas TBK and its competitors.
Is PTrana Mitra Luas TBK's Operating Income too high?
PTrana Mitra Luas TBK's current Operating Income is Rp110,987 Mil. Overall, PTrana Mitra Luas TBK has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTrana Mitra Luas TBK's Operating Income compare to URI and SUNB?
PTrana Mitra Luas TBK's Operating Income of Rp110,987 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 PTrana Mitra Luas TBK and its competitors. PTrana Mitra Luas TBK's current Operating Income is Rp110,987 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTrana Mitra Luas TBK stock overvalued right now?
Based on GuruFocus' analysis, PTrana Mitra Luas TBK (ISX:SMIL) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp265.17, compared to a current price of Rp382.00 — trading 44.1% above its estimated fair value. The current Operating Income is Rp110,987 Mil. PTrana Mitra Luas TBK's overall GF Score™ is 80/100 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 PTrana Mitra Luas TBK (ISX:SMIL), the current Operating Income is Rp110,987 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 PTrana Mitra Luas TBK (ISX:SMIL) Overvalued in 2026?

Based on GuruFocus' analysis, PTrana Mitra Luas TBK stock appears to be overvalued. The current stock price of Rp382.00 is trading 44.1% above its estimated GF Value™ of Rp265.17. GuruFocus considers PTrana Mitra Luas TBK to be Significantly Overvalued.

Key valuation signals for ISX:SMIL:

  • Operating Income: Rp110,987 Mil
  • GF Value™: Rp265.17 vs. price of Rp382.00 (44.1% above fair value)
  • GF Score™: 80/100 with 6 warning signs

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


PTrana Mitra Luas TBK Business Description

Address Jalan Kenari Utama II, Block C, No.03 & 05A, Cibatu, Kecamatan Cikarang Selatan, Jawa Barat, Bekasi, IDN, 17530
PT Sarana Mitra Luas TBK is a forklift rental company with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has two business segments, namely forklift sales and rent services generating the majority revenue.
80GF Score

Get the complete analysis for ISX:SMIL

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

Rp382.00
Price
Rp265.17
GF Value