LASCO Manufacturing (XJAM:LASM) Operating Income: JMD2,992 Mil (TTM As of Dec. 2025)

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XJAM:LASM LASCO Manufacturing Ltd XJAM:LASM
90 GF Score
Price JMD7.05
GF Value JMD6.55
Valuation Fairly Valued
! 1 Warning Sign
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What is LASCO Manufacturing Operating Income?

LASCO Manufacturing XJAM:LASM +4.14% 90 Operating Income is JMD2,992 Mil as of Dec. 2025. GuruFocus rates XJAM:LASM with a GF Score™ of 90/100 and a GF Value™ of JMD6.55 (Fairly Valued). The stock has 1 warning sign investors should review.

LASCO Manufacturing's Operating Income for the three months ended in Dec. 2025 was JMD910 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was JMD2,992 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. LASCO Manufacturing's Operating Income for the three months ended in Dec. 2025 was JMD910 Mil. LASCO Manufacturing's Revenue for the three months ended in Dec. 2025 was JMD3,177 Mil. Therefore, LASCO Manufacturing's Operating Margin % for the quarter that ended in Dec. 2025 was 28.64%.

Good Sign:

LASCO Manufacturing Ltd operating margin is expanding. Margin expansion is usually a good sign.

LASCO Manufacturing's 5-Year average Growth Rate for Operating Margin % was 6.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LASCO Manufacturing's annualized ROC % for the quarter that ended in Dec. 2025 was 25.91%. LASCO Manufacturing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 44.85%.


LASCO Manufacturing  (XJAM:LASM) Operating Income Explanation

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

LASCO Manufacturing'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 )
=3639.696 * ( 1 - 21.72% )/( (10775.85 + 11219.518)/ 2 )
=2849.1540288/10997.684
=25.91 %

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))
=19556.524 - 2188.574 - ( 6592.1 - max(0, 2188.901 - 14460.489+6592.1))
=10775.85

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))
=20009.615 - 1931.942 - ( 6858.155 - max(0, 1932.037 - 14936.709+6858.155))
=11219.518

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

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

LASCO Manufacturing'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 )
=3639.692/( ( (4496.532 + max(3611.812, 0)) + (4429.823 + max(3692.758, 0)) )/ 2 )
=3639.692/( ( 8108.344 + 8122.581 )/ 2 )
=3639.692/8115.4625
=44.85 %

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)
=(2959.852 + 2640.698 + 200.163) - (2188.574 + 0 + 0.32699999999977)
=3611.812

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3106.564 + 2305.737 + 212.494) - (1931.942 + 0 + 0.095000000000027)
=3692.758

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 %:

LASCO Manufacturing'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 )
=909.924/3176.742
=28.64 %

* 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.


LASCO Manufacturing Operating Income Related Terms


LASCO Manufacturing Operating Income Historical Data

* Premium members only.

The historical data trend for LASCO Manufacturing'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.

LASCO Manufacturing Operating Income Chart

LASCO Manufacturing Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial 1,856.31 2,160.68 2,646.95 2,921.87 2,991.81

LASCO Manufacturing 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 808.04 358.83 841.62 881.44 909.92
XJAM:LASM
90GF Score
LASCO Manufacturing Ltd XJAM:LASM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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LASCO Manufacturing 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 JMD2,992 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 JMD2,992 Mil mean?
LASCO Manufacturing (XJAM:LASM) has a Operating Income of JMD2,992 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on LASCO Manufacturing and its competitors.
Is LASCO Manufacturing's Operating Income too high?
LASCO Manufacturing's current Operating Income is JMD2,992 Mil. Overall, LASCO Manufacturing has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LASCO Manufacturing's Operating Income compare to KHC and GIS?
LASCO Manufacturing's Operating Income of JMD2,992 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 LASCO Manufacturing and its competitors. LASCO Manufacturing's current Operating Income is JMD2,992 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LASCO Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, LASCO Manufacturing (XJAM:LASM) is currently considered Fairly Valued. The stock's GF Value™ is JMD6.55, compared to a current price of JMD7.05 — trading 7.6% above its estimated fair value. The current Operating Income is JMD2,992 Mil. LASCO Manufacturing's overall GF Score™ is 90/100 with 1 warning sign 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 LASCO Manufacturing (XJAM:LASM), the current Operating Income is JMD2,992 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 LASCO Manufacturing (XJAM:LASM) Overvalued in 2026?

Based on GuruFocus' analysis, LASCO Manufacturing stock appears to be overvalued. The current stock price of JMD7.05 is trading 7.6% above its estimated GF Value™ of JMD6.55. GuruFocus considers LASCO Manufacturing to be Fairly Valued.

Key valuation signals for XJAM:LASM:

  • Operating Income: JMD2,992 Mil
  • GF Value™: JMD6.55 vs. price of JMD7.05 (7.6% above fair value)
  • GF Score™: 90/100 with 1 warning sign

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


LASCO Manufacturing Business Description

Address 27 Red Hills Road, Kingston 10, Jamaica, JAM
LASCO Manufacturing Ltd is engaged in the manufacturing of soy-based products, juice drinks, water and packaging of milk-based products. The company's portfolio includes LASCO Food Drink, LaSoy Lactose-Free, Porridge Mix, Whole Milk, Instant enriched milk powder, and Readi Milk.
90GF Score

Get the complete analysis for XJAM:LASM

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

JMD7.05
Price
JMD6.55
GF Value