Kotra Industries Bhd (XKLS:0002) Operating Income: RM48.2 Mil (TTM As of Mar. 2026)

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XKLS:0002 Kotra Industries Bhd XKLS:0002
83 GF Score
Price RM3.70
GF Value RM4.34
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kotra Industries Bhd Operating Income?

Kotra Industries Bhd XKLS:0002 83 Operating Income is RM48.2 Mil as of Mar. 2026. GuruFocus rates XKLS:0002 with a GF Score™ of 83/100 and a GF Value™ of RM4.34 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Kotra Industries Bhd's Operating Income for the three months ended in Mar. 2026 was RM10.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM48.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kotra Industries Bhd's Operating Income for the three months ended in Mar. 2026 was RM10.9 Mil. Kotra Industries Bhd's Revenue for the three months ended in Mar. 2026 was RM52.5 Mil. Therefore, Kotra Industries Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 20.74%.

Good Sign:

Kotra Industries Bhd operating margin is expanding. Margin expansion is usually a good sign.

Kotra Industries Bhd's 5-Year average Growth Rate for Operating Margin % was 7.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kotra Industries Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 12.11%. Kotra Industries Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.48%.

Kotra Industries Bhd  (XKLS:0002) Operating Income Explanation

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

Kotra Industries Bhd'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 )
=43.536 * ( 1 - 25.3% )/( (261.81 + 275.378)/ 2 )
=32.521392/268.594
=12.11 %

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))
=363.904 - 53.545 - ( 48.549 - max(0, 54.03 - 141.312+48.549))
=261.81

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))
=371.176 - 51.862 - ( 43.936 - max(0, 52.225 - 134.383+43.936))
=275.378

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

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

Kotra Industries Bhd'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 )
=43.536/( ( (221.344 + max(36.262, 0)) + (235.552 + max(35.198, 0)) )/ 2 )
=43.536/( ( 257.606 + 270.75 )/ 2 )
=43.536/264.178
=16.48 %

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)
=(39.023 + 50.695 + 0.088999999999999) - (53.545 + 0 + 0)
=36.262

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37.887 + 49.275 + 0.016999999999996) - (51.862 + 0 + 0.119)
=35.198

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 %:

Kotra Industries Bhd'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 )
=10.884/52.483
=20.74 %

* 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.

Kotra Industries Bhd Operating Income Related Terms

Kotra Industries Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Kotra Industries Bhd'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.

Kotra Industries Bhd Operating Income Chart

Kotra Industries Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.90 55.56 60.46 49.39 49.06

Kotra Industries Bhd 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 14.03 11.94 12.37 12.96 10.88
XKLS:0002
83GF Score
Kotra Industries Bhd XKLS:0002
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kotra Industries Bhd 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 RM48.2 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 RM48.2 Mil mean?
Kotra Industries Bhd (XKLS:0002) has a Operating Income of RM48.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kotra Industries Bhd and its competitors.
Is Kotra Industries Bhd's Operating Income too high?
Kotra Industries Bhd's current Operating Income is RM48.2 Mil. Overall, Kotra Industries Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kotra Industries Bhd's Operating Income compare to ZTS and UTHR?
Kotra Industries Bhd's Operating Income of RM48.2 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Operating Income depends on the Drug Manufacturers 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 Kotra Industries Bhd and its competitors. Kotra Industries Bhd's current Operating Income is RM48.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kotra Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kotra Industries Bhd (XKLS:0002) is currently considered Modestly Undervalued. The stock's GF Value™ is RM4.34, compared to a current price of RM3.70 — trading 14.7% below its estimated fair value. The current Operating Income is RM48.2 Mil. Kotra Industries Bhd's overall GF Score™ is 83/100 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 Kotra Industries Bhd (XKLS:0002), the current Operating Income is RM48.2 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 Kotra Industries Bhd (XKLS:0002) Overvalued in 2026?

Based on GuruFocus' analysis, Kotra Industries Bhd stock appears to be undervalued. The current stock price of RM3.70 is trading 14.7% below its estimated GF Value™ of RM4.34. GuruFocus considers Kotra Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0002:

  • Operating Income: RM48.2 Mil
  • GF Value™: RM4.34 vs. price of RM3.70 (14.7% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the XKLS:0002 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kotra Industries Bhd Business Description

Address Jalan TTC 12, No. 1, 2 & 3, Cheng Industrial Estate, Melaka, MYS, 75250
Kotra Industries Bhd is a Malaysian pharmaceutical company engaged in the development, manufacturing, and supply of pharmaceutical and healthcare products supporting all life stages. Its portfolio includes life-saving medicines, OTC supplements, and nutrition products. The Group markets three core brands: Appeton, offering health supplements and nutrition across all age groups; Vaxcel, providing injectable medicines for infectious diseases, kidney care, and gastroenterology; and Axcel, specializing in oral and topical medicines for paediatrics, dermatology, and infectious diseases. The company operates in Malaysia and overseas, with the majority of revenue derived from Malaysia.
83GF Score

Get the complete analysis for XKLS:0002

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

RM3.70
Price
RM4.34
GF Value