KAURF (Kaiser Reef) Operating Income: $-0.52 Mil (TTM As of Dec. 2025)


KAURF Kaiser Reef Ltd KAURF
35 GF Score
Price $0.21
GF Value $0.32
! 2 Warning Signs
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What is Kaiser Reef Operating Income?

Kaiser Reef KAURF 35 Operating Income is $-0.52 Mil as of Dec. 2025. GuruFocus rates KAURF with a GF Score™ of 35/100 and a GF Value™ of $0.32. The stock has 2 warning signs investors should review.

Kaiser Reef's Operating Income for the six months ended in Dec. 2025 was $12.45 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-0.52 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kaiser Reef's Operating Income for the six months ended in Dec. 2025 was $12.45 Mil. Kaiser Reef's Revenue for the six months ended in Dec. 2025 was $62.56 Mil. Therefore, Kaiser Reef's Operating Margin % for the quarter that ended in Dec. 2025 was 19.91%.

Kaiser Reef'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. Kaiser Reef's annualized ROC % for the quarter that ended in Dec. 2025 was 38.80%. Kaiser Reef's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 46.65%.


Kaiser Reef  (OTCPK:KAURF) Operating Income Explanation

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

Kaiser Reef'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=24.906 * ( 1 - 0% )/( (61.055 + 67.342)/ 2 )
=24.906/64.1985
=38.80 %

where

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

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

Kaiser Reef'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=22.626/( ( (48.988 + max(-8.573, 0)) + (48.007 + max(-8.105, 0)) )/ 2 )
=22.626/( ( 48.988 + 48.007 )/ 2 )
=22.626/48.4975
=46.65 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 6.895 + 1.857) - (13.264 + 0.991 + 3.07)
=-8.573

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.361 + 8.763 + 0) - (11.944 + 0 + 6.285)
=-8.105

When net working capital is negative, 0 is used.

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

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

Kaiser Reef'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 )
=12.453/62.561
=19.91 %

* 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.


Kaiser Reef Operating Income Related Terms


Kaiser Reef Operating Income Historical Data

* Premium members only.

The historical data trend for Kaiser Reef'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.

Kaiser Reef Operating Income Chart

Kaiser Reef Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Operating Income
-2.07 0.74 -3.72 -16.84

Kaiser Reef Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.74 -1.99 -3.77 -12.97 12.45
KAURF
35GF Score
Kaiser Reef Ltd KAURF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kaiser Reef 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.52 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 $-0.52 Mil mean?
Kaiser Reef (KAURF) has a Operating Income of $-0.52 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kaiser Reef and its competitors.
Is Kaiser Reef's Operating Income too high?
Kaiser Reef's current Operating Income is $-0.52 Mil. Overall, Kaiser Reef has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Kaiser Reef's Operating Income compare to NEM and AU?
Kaiser Reef's Operating Income of $-0.52 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Operating Income depends on the Metals & Mining 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 Kaiser Reef and its competitors. Kaiser Reef's current Operating Income is $-0.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaiser Reef stock overvalued right now?
Kaiser Reef (KAURF) has a current Operating Income of $-0.52 Mil. The stock's GF Value™ is $0.32, compared to a current price of $0.21 — trading 34.4% below its estimated fair value. The current Operating Income is $-0.52 Mil. Kaiser Reef's overall GF Score™ is 35/100 with 2 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 Kaiser Reef (KAURF), the current Operating Income is $-0.52 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.

Is Kaiser Reef (KAURF) Overvalued in 2026?

Based on GuruFocus' analysis, Kaiser Reef stock appears to be undervalued. The current stock price of $0.21 is trading 34.4% below its estimated GF Value™ of $0.32.

Key valuation signals for KAURF:

  • Operating Income: $-0.52 Mil
  • GF Value™: $0.32 vs. price of $0.21 (34.4% below fair value)
  • GF Score™: 35/100 with 2 warning signs

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


Kaiser Reef Business Description

Other Exchanges KAU:Australia
Address 23 Railway Road, Level 2, Subiaco, Perth, WA, AUS, 6008
Kaiser Reef Ltd is a gold producer and exploration company. The company's projects include A1 Gold Mine, Henty Gold Mine, Maldon Goldfields, and Maldon Plant. Its segments include Victoria operations and Tasmania operations. It generates the majority of its revenue from the Victoria operations segment.
35GF Score

Get the complete analysis for KAURF

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

$0.21
Price
$0.32
GF Value