Accsys Technologies (LSE:AXS) Operating Income: £10.7 Mil (TTM As of Mar. 2026)


LSE:AXS Accsys Technologies PLC LSE:AXS
52 GF Score
Price £0.73
GF Value £0.58
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Accsys Technologies Operating Income?

Accsys Technologies LSE:AXS +2.95% 52 Operating Income is £10.7 Mil as of Mar. 2026. GuruFocus rates LSE:AXS with a GF Score™ of 52/100 and a GF Value™ of £0.58 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Accsys Technologies's Operating Income for the six months ended in Mar. 2026 was £5.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was £10.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Accsys Technologies's Operating Income for the six months ended in Mar. 2026 was £5.1 Mil. Accsys Technologies's Revenue for the six months ended in Mar. 2026 was £66.9 Mil. Therefore, Accsys Technologies's Operating Margin % for the quarter that ended in Mar. 2026 was 7.61%.

Accsys Technologies'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. Accsys Technologies's annualized ROC % for the quarter that ended in Mar. 2026 was 8.07%. Accsys Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.54%.

Accsys Technologies  (LSE:AXS) Operating Income Explanation

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

Accsys Technologies'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=10.184 * ( 1 - 0% )/( (119.191 + 133.319)/ 2 )
=10.184/126.255
=8.07 %

where

Invested Capital(Q: Sep. 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))
=161.134 - 27.004 - ( 14.939 - max(0, 33.845 - 64.944+14.939))
=119.191

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))
=168.245 - 19.503 - ( 15.423 - max(0, 32.374 - 72.747+15.423))
=133.319

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Accsys Technologies'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7.244/( ( (65.795 + max(23.001, 0)) + (63.709 + max(17.187, 0)) )/ 2 )
=7.244/( ( 88.796 + 80.896 )/ 2 )
=7.244/84.846
=8.54 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.309 + 30.696 + 0) - (27.004 + 0 + 0)
=23.001

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.223 + 31.282 + 1.322) - (19.503 + 0 + 6.137)
=17.187

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Accsys Technologies'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 )
=5.092/66.945
=7.61 %

* 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.

Accsys Technologies Operating Income Related Terms

Accsys Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Accsys Technologies'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.

Accsys Technologies Operating Income Chart

Accsys Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.73 13.49 -0.89 6.40 10.66

Accsys Technologies Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.94 3.11 3.30 5.57 5.09
LSE:AXS
52GF Score
Accsys Technologies PLC LSE:AXS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Accsys Technologies 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 semi-annually data reported by the company within the most recent 12 months, which was £10.7 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 £10.7 Mil mean?
Accsys Technologies (LSE:AXS) has a Operating Income of £10.7 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Accsys Technologies and its competitors.
Is Accsys Technologies' Operating Income too high?
Accsys Technologies' current Operating Income is £10.7 Mil. Overall, Accsys Technologies has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accsys Technologies' Operating Income compare to SSD and UFPI?
Accsys Technologies' Operating Income of £10.7 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Operating Income depends on the Forest Products 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 Accsys Technologies and its competitors. Accsys Technologies's current Operating Income is £10.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accsys Technologies stock overvalued right now?
Based on GuruFocus' analysis, Accsys Technologies (LSE:AXS) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.58, compared to a current price of £0.73 — trading 26.6% above its estimated fair value. The current Operating Income is £10.7 Mil. Accsys Technologies' overall GF Score™ is 52/100 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 Accsys Technologies (LSE:AXS), the current Operating Income is £10.7 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 Accsys Technologies (LSE:AXS) Overvalued in 2026?

Based on GuruFocus' analysis, Accsys Technologies stock appears to be overvalued. The current stock price of £0.73 is trading 26.6% above its estimated GF Value™ of £0.58. GuruFocus considers Accsys Technologies to be Modestly Overvalued.

Key valuation signals for LSE:AXS:

  • Operating Income: £10.7 Mil
  • GF Value™: £0.58 vs. price of £0.73 (26.6% above fair value)
  • GF Score™: 52/100 with 6 warning signs

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

Accsys Technologies Business Description

Address 3 Moorgate Place, 4th floor, London, GBR, EC2R 6EA
Accsys Technologies PLC is a chemical technology company focused on acetylation of wood. It is engaged in the development, commercialisation, and licensing of the associated proprietary technologies. Its product includes Accoya and Tricoya wood. The company offers Accoya wood for use in external doors, cladding/siding, decking, structural and civil engineering projects and Tricoya wood elements are used in window and door components, door skins, wet interiors, and wall linings. It generates maximum revenue through the sale of Accoya Woods. The maximum geographical areas of customers are from the UK and Ireland region.
52GF Score

Get the complete analysis for LSE:AXS

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

£0.73
Price
£0.58
GF Value