PPOKF (PT Charoen Pokphand Indonesia Tbk) Operating Income: $566 Mil (TTM As of Mar. 2026)

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PPOKF PT Charoen Pokphand Indonesia Tbk PPOKF
64 GF Score
Price $0.25
GF Value $0.30
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Charoen Pokphand Indonesia Tbk Operating Income?

PT Charoen Pokphand Indonesia Tbk PPOKF 64 Operating Income is $566 Mil as of Mar. 2026. GuruFocus rates PPOKF with a GF Score™ of 64/100 and a GF Value™ of $0.30 (Modestly Undervalued). The stock has 2 warning signs investors should review.

PT Charoen Pokphand Indonesia Tbk's Operating Income for the three months ended in Mar. 2026 was $203 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $566 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Charoen Pokphand Indonesia Tbk's Operating Income for the three months ended in Mar. 2026 was $203 Mil. PT Charoen Pokphand Indonesia Tbk's Revenue for the three months ended in Mar. 2026 was $1,179 Mil. Therefore, PT Charoen Pokphand Indonesia Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 17.22%.

Warning Sign:

PT Charoen Pokphand Indonesia Tbk operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

PT Charoen Pokphand Indonesia Tbk's 5-Year average Growth Rate for Operating Margin % was -2.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Charoen Pokphand Indonesia Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 27.55%. PT Charoen Pokphand Indonesia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.59%.


PT Charoen Pokphand Indonesia Tbk  (OTCPK:PPOKF) Operating Income Explanation

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

PT Charoen Pokphand Indonesia 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 )
=811.62 * ( 1 - 23.72% )/( (2272.943 + 2222.19)/ 2 )
=619.103736/2247.5665
=27.55 %

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))
=2744.814 - 204.877 - ( 266.994 - max(0, 457.353 - 1474.266+266.994))
=2272.943

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))
=2863.933 - 202.725 - ( 439.018 - max(0, 425.873 - 1626.182+439.018))
=2222.19

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

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

PT Charoen Pokphand Indonesia 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 )
=819.756/( ( (1080.983 + max(955.95, 0)) + (1069.608 + max(933.005, 0)) )/ 2 )
=819.756/( ( 2036.933 + 2002.613 )/ 2 )
=819.756/2019.773
=40.59 %

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)
=(158.991 + 996.494 + 43.748) - (204.877 + 0 + 38.406)
=955.95

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(145.109 + 968.079 + 62.952) - (202.725 + 0 + 40.41)
=933.005

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 %:

PT Charoen Pokphand Indonesia 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 )
=202.905/1178.551
=17.22 %

* 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 Charoen Pokphand Indonesia Tbk Operating Income Related Terms


PT Charoen Pokphand Indonesia Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Charoen Pokphand Indonesia 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 Charoen Pokphand Indonesia Tbk Operating Income Chart

PT Charoen Pokphand Indonesia Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 344.36 260.97 248.58 373.38 486.81

PT Charoen Pokphand Indonesia Tbk 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 127.99 34.14 139.15 189.82 202.91
PPOKF
64GF Score
PT Charoen Pokphand Indonesia Tbk PPOKF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Charoen Pokphand Indonesia 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 $566 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 $566 Mil mean?
PT Charoen Pokphand Indonesia Tbk (PPOKF) has a Operating Income of $566 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Charoen Pokphand Indonesia Tbk and its competitors.
Is PT Charoen Pokphand Indonesia Tbk's Operating Income too high?
PT Charoen Pokphand Indonesia Tbk's current Operating Income is $566 Mil. Overall, PT Charoen Pokphand Indonesia Tbk has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Charoen Pokphand Indonesia Tbk's Operating Income compare to ADM and BG?
PT Charoen Pokphand Indonesia Tbk's Operating Income of $566 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Charoen Pokphand Indonesia Tbk and its competitors. PT Charoen Pokphand Indonesia Tbk's current Operating Income is $566 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Charoen Pokphand Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Charoen Pokphand Indonesia Tbk (PPOKF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.30, compared to a current price of $0.25 — trading 16.7% below its estimated fair value. The current Operating Income is $566 Mil. PT Charoen Pokphand Indonesia Tbk's overall GF Score™ is 64/100 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 PT Charoen Pokphand Indonesia Tbk (PPOKF), the current Operating Income is $566 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 PT Charoen Pokphand Indonesia Tbk (PPOKF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Charoen Pokphand Indonesia Tbk stock appears to be undervalued. The current stock price of $0.25 is trading 16.7% below its estimated GF Value™ of $0.30. GuruFocus considers PT Charoen Pokphand Indonesia Tbk to be Modestly Undervalued.

Key valuation signals for PPOKF:

  • Operating Income: $566 Mil
  • GF Value™: $0.30 vs. price of $0.25 (16.7% below fair value)
  • GF Score™: 64/100 with 2 warning signs

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


PT Charoen Pokphand Indonesia Tbk Business Description

Other Exchanges CPIN:Indonesia0CP1:Germany
Address Jl. Ancol VIII/1, Kelurahan Ancol, Kecamatan Pademangan, North Jakarta, Jakarta, IDN, 14430
PT Charoen Pokphand Indonesia Tbk, a subsidiary of PT Central Agromina, is a consumer goods company. It produces and sells poultry feed, day old chicks, and processed chicken in Indonesia. The company offers its products under brands like Royal Feed, Hi-Pro-Vite, Bintang, Bonavite, Hi-Pro, Turbo Feed, Okey Brands, Champ, and TIJI brands. Its segments include: Feed; Broiler; Day Old Chicks (DOC), processed chicken, and others. The majority revenue contributor is the Broiler segment. The other segment consists of packaging and poultry equipment.
64GF Score

Get the complete analysis for PPOKF

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

$0.25
Price
$0.30
GF Value