Saudi Manpower Solutions Co (SMASCO) (SAU:1834) Operating Income: ﷼192 Mil (TTM As of Jun. 2026)

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SAU:1834 Saudi Manpower Solutions Co (SMASCO) SAU:1834
19 GF Score
Price ﷼5.97
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What is Saudi Manpower Solutions Co (SMASCO) Operating Income?

Saudi Manpower Solutions Co (SMASCO) SAU:1834 +0.84% 19 Operating Income is ﷼192 Mil as of Jun. 2026. GuruFocus rates SAU:1834 with a GF Score™ of 19/100.

Saudi Manpower Solutions Co (SMASCO)'s Operating Income for the three months ended in Jun. 2026 was ﷼48 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ﷼192 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Saudi Manpower Solutions Co (SMASCO)'s Operating Income for the three months ended in Jun. 2026 was ﷼48 Mil. Saudi Manpower Solutions Co (SMASCO)'s Revenue for the three months ended in Jun. 2026 was ﷼571 Mil. Therefore, Saudi Manpower Solutions Co (SMASCO)'s Operating Margin % for the quarter that ended in Jun. 2026 was 8.43%.

Saudi Manpower Solutions Co (SMASCO)'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. Saudi Manpower Solutions Co (SMASCO)'s annualized ROC % for the quarter that ended in Jun. 2026 was 19.97%. Saudi Manpower Solutions Co (SMASCO)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 47.56%.


Saudi Manpower Solutions Co (SMASCO)  (SAU:1834) Operating Income Explanation

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

Saudi Manpower Solutions Co (SMASCO)'s annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=192.456 * ( 1 - 6.08% )/( (894.349 + 916.038)/ 2 )
=180.7546752/905.1935
=19.97 %

where

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))
=1290.564 - 36.282 - ( 359.933 - max(0, 449.847 - 998.925+359.933))
=894.349

Invested Capital(Q: Jun. 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))
=1248.738 - 13.366 - ( 319.334 - max(0, 365.784 - 949.575+319.334))
=916.038

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

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

Saudi Manpower Solutions Co (SMASCO)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=197.812/( ( (244.702 + max(133.983, 0)) + (251.867 + max(201.317, 0)) )/ 2 )
=197.812/( ( 378.685 + 453.184 )/ 2 )
=197.812/415.9345
=47.56 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(369.071 + 0 + 204.878) - (36.282 + 0 + 403.684)
=133.983

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(349.297 + 0 + 206.269) - (13.366 + 0 + 340.883)
=201.317

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Saudi Manpower Solutions Co (SMASCO)'s Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=48.114/570.742
=8.43 %

* 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.


Saudi Manpower Solutions Co (SMASCO) Operating Income Related Terms


Saudi Manpower Solutions Co (SMASCO) Operating Income Historical Data

* Premium members only.

The historical data trend for Saudi Manpower Solutions Co (SMASCO)'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.

Saudi Manpower Solutions Co (SMASCO) Operating Income Chart

Saudi Manpower Solutions Co (SMASCO) Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
166.38 132.43 174.83

Saudi Manpower Solutions Co (SMASCO) Quarterly Data
Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.55 47.68 45.36 51.14 48.11
SAU:1834
19GF Score
Saudi Manpower Solutions Co (SMASCO) SAU:1834
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Saudi Manpower Solutions Co (SMASCO) 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼192 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 ﷼192 Mil mean?
Saudi Manpower Solutions Co (SMASCO) (SAU:1834) has a Operating Income of ﷼192 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Saudi Manpower Solutions Co (SMASCO) and its competitors.
Is Saudi Manpower Solutions Co (SMASCO)'s Operating Income too high?
Saudi Manpower Solutions Co (SMASCO)'s current Operating Income is ﷼192 Mil. Overall, Saudi Manpower Solutions Co (SMASCO) has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Saudi Manpower Solutions Co (SMASCO)'s Operating Income compare to KFY and RHI?
Saudi Manpower Solutions Co (SMASCO)'s Operating Income of ﷼192 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 Saudi Manpower Solutions Co (SMASCO) and its competitors. Saudi Manpower Solutions Co (SMASCO)'s current Operating Income is ﷼192 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Manpower Solutions Co (SMASCO) stock overvalued right now?
Saudi Manpower Solutions Co (SMASCO) (SAU:1834) has a current Operating Income of ﷼192 Mil. The current Operating Income is ﷼192 Mil. Saudi Manpower Solutions Co (SMASCO)'s overall GF Score™ is 19/100. 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 Saudi Manpower Solutions Co (SMASCO) (SAU:1834), the current Operating Income is ﷼192 Mil as of Jun. 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.

Saudi Manpower Solutions Co (SMASCO) Business Description

Address 6527 Al Olaya Street, P.O. Box 91279, Al Ghadeer District, Riyadh, SAU, 13311
Saudi Manpower Solutions Co (SMASCO) mainly provides employment agency services and administration and support to individuals and businesses for temporary employment of foreign labour. The Group's reportable operating segments are: Corporate, Individuals, Logistic, and Others. Maximum revenue is derived from the Corporate segment, which provides services of expatriate and Saudi labour to companies whose contracts extend for two years. The Individuals segment provides home labour services to individual customers whose contract duration ranges from one month to two years, including various hourly works, and the Logistic segment includes storage facilities for all types of goods, accommodation services, and transportation services.
19GF Score

Get the complete analysis for SAU:1834

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

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