NGKSY (Niterra Co) Operating Income: $853 Mil (TTM As of Mar. 2026)

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NGKSY Niterra Co Ltd NGKSY
85 GF Score
Price $29.26
GF Value $15.01
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Niterra Co Operating Income?

Niterra Co NGKSY 85 Operating Income is $853 Mil as of Mar. 2026. GuruFocus rates NGKSY with a GF Score™ of 85/100 and a GF Value™ of $15.01 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Niterra Co's Operating Income for the three months ended in Mar. 2026 was $117 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $853 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Niterra Co's Operating Income for the three months ended in Mar. 2026 was $117 Mil. Niterra Co's Revenue for the three months ended in Mar. 2026 was $800 Mil. Therefore, Niterra Co's Operating Margin % for the quarter that ended in Mar. 2026 was 14.64%.

Good Sign:

Niterra Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Niterra Co's 5-Year average Growth Rate for Operating Margin % was 11.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Niterra Co's annualized ROC % for the quarter that ended in Mar. 2026 was 3.22%. Niterra Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.81%.


Niterra Co  (OTCPK:NGKSY) Operating Income Explanation

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

Niterra Co'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 )
=468.304 * ( 1 - 60.96% )/( (5775.096 + 5594.233)/ 2 )
=182.8258816/5684.6645
=3.22 %

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))
=7887.997 - 553.763 - ( 1559.138 - max(0, 1877.703 - 4229.343+1559.138))
=5775.096

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))
=7695.237 - 607.445 - ( 1493.559 - max(0, 1233.606 - 4148.127+1493.559))
=5594.233

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

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

Niterra Co'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 )
=468.408/( ( (1712.844 + max(1703.255, 0)) + (1748.124 + max(1618.992, 0)) )/ 2 )
=468.408/( ( 3416.099 + 3367.116 )/ 2 )
=468.408/3391.6075
=13.81 %

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)
=(1050.367 + 1413.071 + 206.767) - (553.763 + 0 + 413.187)
=1703.255

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1084.964 + 1372.223 + 197.381) - (607.445 + 0 + 428.131)
=1618.992

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 %:

Niterra Co'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 )
=117.076/799.949
=14.64 %

* 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.


Niterra Co Operating Income Related Terms


Niterra Co Operating Income Historical Data

* Premium members only.

The historical data trend for Niterra Co'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.

Niterra Co Operating Income Chart

Niterra Co 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 628.41 663.57 708.82 918.23 810.39

Niterra Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 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 Premium Member Only Premium Member Only 230.51 231.93 256.03 247.89 117.08
NGKSY
85GF Score
Niterra Co Ltd NGKSY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Niterra Co 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 $853 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 $853 Mil mean?
Niterra Co (NGKSY) has a Operating Income of $853 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Niterra Co and its competitors.
Is Niterra Co's Operating Income too high?
Niterra Co's current Operating Income is $853 Mil. Overall, Niterra Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Niterra Co's Operating Income compare to ORLY and AZO?
Niterra Co's Operating Income of $853 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 Niterra Co and its competitors. Niterra Co's current Operating Income is $853 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niterra Co stock overvalued right now?
Based on GuruFocus' analysis, Niterra Co (NGKSY) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.01, compared to a current price of $29.26 — trading 94.9% above its estimated fair value. The current Operating Income is $853 Mil. Niterra Co's overall GF Score™ is 85/100 with 7 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 Niterra Co (NGKSY), the current Operating Income is $853 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 Niterra Co (NGKSY) Overvalued in 2026?

Based on GuruFocus' analysis, Niterra Co stock appears to be overvalued. The current stock price of $29.26 is trading 94.9% above its estimated GF Value™ of $15.01. GuruFocus considers Niterra Co to be Significantly Overvalued.

Key valuation signals for NGKSY:

  • Operating Income: $853 Mil
  • GF Value™: $15.01 vs. price of $29.26 (94.9% above fair value)
  • GF Score™: 85/100 with 7 warning signs

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


Niterra Co Business Description

Other Exchanges 5334:JapanNGK:Germany
Address 1-1-1 Higashisakura, Urbannet Nagoya Nexta Building, Higashi-ku, Nagoya, JPN, 461-0005
Niterra Co Ltd is engaged in the manufacture and sale of automotive components and ceramic products. The group has three reportable segments: Automobile related, Ceramics, and New Businesses. The Automobile related segment manufactures and sells spark plugs, exhaust gas sensors, and other automobile components. The Ceramics segment manufactures and sells cutting tools, industrial machinery parts, semiconductor manufacturing equipment parts, semiconductor packages, and medical oxygen concentrators. The New Businesses segment focuses on products related to environmental energy and other emerging fields.
85GF Score

Get the complete analysis for NGKSY

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

$29.26
Price
$15.01
GF Value