TotalEnergies Marketing Ghana (XGHA:TOTAL) Operating Income: GHS479 Mil (TTM As of Dec. 2025)

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XGHA:TOTAL TotalEnergies Marketing Ghana PLC XGHA:TOTAL
98 GF Score
Price GHS40.00
GF Value GHS13.05
Valuation Significantly Overvalued
! 7 Warning Signs
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What is TotalEnergies Marketing Ghana Operating Income?

TotalEnergies Marketing Ghana XGHA:TOTAL +3.01% 98 Operating Income is GHS479 Mil as of Dec. 2025. GuruFocus rates XGHA:TOTAL with a GF Score™ of 98/100 and a GF Value™ of GHS13.05 (Significantly Overvalued). The stock has 7 warning signs investors should review.

TotalEnergies Marketing Ghana's Operating Income for the three months ended in Dec. 2025 was GHS87 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was GHS479 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TotalEnergies Marketing Ghana's Operating Income for the three months ended in Dec. 2025 was GHS87 Mil. TotalEnergies Marketing Ghana's Revenue for the three months ended in Dec. 2025 was GHS469 Mil. Therefore, TotalEnergies Marketing Ghana's Operating Margin % for the quarter that ended in Dec. 2025 was 18.44%.

Good Sign:

TotalEnergies Marketing Ghana PLC operating margin is expanding. Margin expansion is usually a good sign.

TotalEnergies Marketing Ghana's 5-Year average Growth Rate for Operating Margin % was 11.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TotalEnergies Marketing Ghana's annualized ROC % for the quarter that ended in Dec. 2025 was 25.39%. TotalEnergies Marketing Ghana's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 29.97%.


TotalEnergies Marketing Ghana  (XGHA:TOTAL) Operating Income Explanation

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

TotalEnergies Marketing Ghana'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=346.116 * ( 1 - 33.24% )/( (959.926 + 860.397)/ 2 )
=231.0670416/910.1615
=25.39 %

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))
=1834.505 - 877.337 - ( 128.844 - max(0, 1102.96 - 1100.202+128.844))
=959.926

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))
=1671.174 - 851.591 - ( 95.226 - max(0, 1008.172 - 967.358+95.226))
=860.397

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

TotalEnergies Marketing Ghana'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=221.496/( ( (700.617 + max(90.069, 0)) + (687.65 + max(-85.839, 0)) )/ 2 )
=221.496/( ( 790.686 + 687.65 )/ 2 )
=221.496/739.168
=29.97 %

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)
=(610.731 + 356.675 + 0) - (877.337 + 0 + 0)
=90.069

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(428.372 + 377.561 + 14.845) - (851.591 + 0 + 55.026)
=-85.839

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

TotalEnergies Marketing Ghana'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 )
=86.529/469.304
=18.44 %

* 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.


TotalEnergies Marketing Ghana Operating Income Related Terms


TotalEnergies Marketing Ghana Operating Income Historical Data

* Premium members only.

The historical data trend for TotalEnergies Marketing Ghana'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.

TotalEnergies Marketing Ghana Operating Income Chart

TotalEnergies Marketing Ghana 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 128.19 200.02 282.64 421.85 478.94

TotalEnergies Marketing Ghana Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 105.73 124.29 135.26 132.86 86.53
XGHA:TOTAL
98GF Score
TotalEnergies Marketing Ghana PLC XGHA:TOTAL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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TotalEnergies Marketing Ghana 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 quarterly data reported by the company within the most recent 12 months, which was GHS479 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 GHS479 Mil mean?
TotalEnergies Marketing Ghana (XGHA:TOTAL) has a Operating Income of GHS479 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TotalEnergies Marketing Ghana and its competitors.
Is TotalEnergies Marketing Ghana's Operating Income too high?
TotalEnergies Marketing Ghana's current Operating Income is GHS479 Mil. Overall, TotalEnergies Marketing Ghana has a GF Score™ of 98/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TotalEnergies Marketing Ghana's Operating Income compare to VLO and MPC?
TotalEnergies Marketing Ghana's Operating Income of GHS479 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 TotalEnergies Marketing Ghana and its competitors. TotalEnergies Marketing Ghana's current Operating Income is GHS479 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TotalEnergies Marketing Ghana stock overvalued right now?
Based on GuruFocus' analysis, TotalEnergies Marketing Ghana (XGHA:TOTAL) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS13.05, compared to a current price of GHS40.00 — trading 206.5% above its estimated fair value. The current Operating Income is GHS479 Mil. TotalEnergies Marketing Ghana's overall GF Score™ is 98/100 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 TotalEnergies Marketing Ghana (XGHA:TOTAL), the current Operating Income is GHS479 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 TotalEnergies Marketing Ghana (XGHA:TOTAL) Overvalued in 2026?

Based on GuruFocus' analysis, TotalEnergies Marketing Ghana stock appears to be overvalued. The current stock price of GHS40.00 is trading 206.5% above its estimated GF Value™ of GHS13.05. GuruFocus considers TotalEnergies Marketing Ghana to be Significantly Overvalued.

Key valuation signals for XGHA:TOTAL:

  • Operating Income: GHS479 Mil
  • GF Value™: GHS13.05 vs. price of GHS40.00 (206.5% above fair value)
  • GF Score™: 98/100 with 7 warning signs

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


TotalEnergies Marketing Ghana Business Description

Industry EnergyOil & Gas
Address No. 25 Liberia Road, P.O. Box 553, Total Energies House, Accra, GHA
TotalEnergies Marketing Ghana PLC is authorised to carry on the business of marketing petroleum and allied products. It has Single operating segment.
98GF Score

Get the complete analysis for XGHA:TOTAL

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

GHS40.00
Price
GHS13.05
GF Value