RKGXF (Road King Infrastructure) Operating Income: $-402.5 Mil (TTM As of Dec. 2025)

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RKGXF Road King Infrastructure Ltd RKGXF
36 GF Score
Price $0.08
GF Value $0.11
! 3 Warning Signs
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What is Road King Infrastructure Operating Income?

Road King Infrastructure RKGXF 36 Operating Income is $-402.5 Mil as of Dec. 2025. GuruFocus rates RKGXF with a GF Score™ of 36/100 and a GF Value™ of $0.11. The stock has 3 warning signs investors should review.

Road King Infrastructure's Operating Income for the six months ended in Dec. 2025 was $-268.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-402.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Road King Infrastructure's Operating Income for the six months ended in Dec. 2025 was $-268.0 Mil. Road King Infrastructure's Revenue for the six months ended in Dec. 2025 was $454.6 Mil. Therefore, Road King Infrastructure's Operating Margin % for the quarter that ended in Dec. 2025 was -58.95%.

Road King Infrastructure'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. Road King Infrastructure's annualized ROC % for the quarter that ended in Dec. 2025 was -10.84%. Road King Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -83.03%.


Road King Infrastructure  (OTCPK:RKGXF) Operating Income Explanation

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

Road King Infrastructure'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 )
=-535.954 * ( 1 - 0.1% )/( (5070.147 + 4809.458)/ 2 )
=-535.418046/4939.8025
=-10.84 %

where

Invested Capital(Q: Jun. 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))
=6794.722 - 1331.651 - ( 392.924 - max(0, 2561.911 - 3999.096+392.924))
=5070.147

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))
=5803.041 - 1046.692 - ( 329.752 - max(0, 3484.084 - 3430.975+329.752))
=4809.458

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:

Road King Infrastructure'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 )
=-879.232/( ( (26.797 + max(1010.841, 0)) + (27.361 + max(1052.842, 0)) )/ 2 )
=-879.232/( ( 1037.638 + 1080.203 )/ 2 )
=-879.232/1058.9205
=-83.03 %

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)
=(22.42 + 2906.794 + 364.515) - (1331.651 + 0 + 951.237)
=1010.841

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.803 + 2462.252 + 367.53) - (1046.692 + 0 + 753.051)
=1052.842

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 %:

Road King Infrastructure'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 )
=-267.977/454.578
=-58.95 %

* 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.


Road King Infrastructure Operating Income Related Terms


Road King Infrastructure Operating Income Historical Data

* Premium members only.

The historical data trend for Road King Infrastructure'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.

Road King Infrastructure Operating Income Chart

Road King Infrastructure 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 454.90 169.20 -239.99 -299.13 -403.65

Road King Infrastructure Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -239.87 -108.67 -189.95 -134.50 -267.98
RKGXF
36GF Score
Road King Infrastructure Ltd RKGXF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Road King Infrastructure 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 $-402.5 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 $-402.5 Mil mean?
Road King Infrastructure (RKGXF) has a Operating Income of $-402.5 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Road King Infrastructure and its competitors.
Is Road King Infrastructure's Operating Income too high?
Road King Infrastructure's current Operating Income is $-402.5 Mil. Overall, Road King Infrastructure has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Road King Infrastructure's Operating Income compare to competitors?
Road King Infrastructure's Operating Income of $-402.5 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Road King Infrastructure and its competitors. Road King Infrastructure's current Operating Income is $-402.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Road King Infrastructure stock overvalued right now?
Road King Infrastructure (RKGXF) has a current Operating Income of $-402.5 Mil. The stock's GF Value™ is $0.11, compared to a current price of $0.08 — trading 30.7% below its estimated fair value. The current Operating Income is $-402.5 Mil. Road King Infrastructure's overall GF Score™ is 36/100 with 3 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 Road King Infrastructure (RKGXF), the current Operating Income is $-402.5 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 Road King Infrastructure (RKGXF) Overvalued in 2026?

Based on GuruFocus' analysis, Road King Infrastructure stock appears to be undervalued. The current stock price of $0.08 is trading 30.7% below its estimated GF Value™ of $0.11.

Key valuation signals for RKGXF:

  • Operating Income: $-402.5 Mil
  • GF Value™: $0.11 vs. price of $0.08 (30.7% below fair value)
  • GF Score™: 36/100 with 3 warning signs

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


Road King Infrastructure Business Description

Other Exchanges 01098:Hong Kong
Address 9 Canton Road, The Gateway, Suite 501, 5th Floor, Tower 6, Tsimshatsui, Kowloon, Hong Kong, HKG
Road King Infrastructure Ltd engages in the operation of property development, investment and asset management businesses in Mainland China and Hong Kong and the investment in, development, operation and management of toll road projects in Southeast Asia. Its segments include Property development and investment engages in the development of properties for sale and for rental income and/or potential capital appreciation; Toll road engages in the development, operation and management of toll roads; and Investment and asset management engages in the property development and investment, integrated with property fund, cultural, tourist and commercial businesses. It derives the majority of revenue from Property development and investment segment. It operates in Mainland China and Hong Kong.
36GF Score

Get the complete analysis for RKGXF

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

$0.08
Price
$0.11
GF Value