Tex Cycle Technology (M) Bhd (XKLS:0089) Operating Income: RM-10.52 Mil (TTM As of Mar. 2026)

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XKLS:0089 Tex Cycle Technology (M) Bhd XKLS:0089
83 GF Score
Price RM1.00
GF Value RM1.92
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Tex Cycle Technology (M) Bhd Operating Income?

Tex Cycle Technology (M) Bhd XKLS:0089 83 Operating Income is RM-10.52 Mil as of Mar. 2026. GuruFocus rates XKLS:0089 with a GF Score™ of 83/100 and a GF Value™ of RM1.92 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Tex Cycle Technology (M) Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.15 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM-10.52 Mil.

Warning Sign:

Tex Cycle Technology (M) Bhd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tex Cycle Technology (M) Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.15 Mil. Tex Cycle Technology (M) Bhd's Revenue for the three months ended in Mar. 2026 was RM20.61 Mil. Therefore, Tex Cycle Technology (M) Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 20.12%.

Tex Cycle Technology (M) Bhd'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. Tex Cycle Technology (M) Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 6.24%. Tex Cycle Technology (M) Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.35%.


Tex Cycle Technology (M) Bhd  (XKLS:0089) Operating Income Explanation

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

Tex Cycle Technology (M) 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 )
=16.584 * ( 1 - 11.26% )/( (238.366 + 233.652)/ 2 )
=14.7166416/236.009
=6.24 %

where

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

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

Tex Cycle Technology (M) 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 )
=18.92/( ( (162.383 + max(22.749, 0)) + (166.8 + max(13.769, 0)) )/ 2 )
=18.92/( ( 185.132 + 180.569 )/ 2 )
=18.92/182.8505
=10.35 %

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)
=(13.524 + 13.107 + 17.872) - (15.87 + 0 + 5.884)
=22.749

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.486 + 13.559 + 3.216) - (16.492 + 0 + 0)
=13.769

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 %:

Tex Cycle Technology (M) 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 )
=4.146/20.606
=20.12 %

* 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.


Tex Cycle Technology (M) Bhd Operating Income Related Terms


Tex Cycle Technology (M) Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Tex Cycle Technology (M) 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.

Tex Cycle Technology (M) Bhd Operating Income Chart

Tex Cycle Technology (M) Bhd 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 8.32 8.99 8.99 -7.54 -11.90

Tex Cycle Technology (M) 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 2.11 1.02 1.39 -17.08 4.15
XKLS:0089
83GF Score
Tex Cycle Technology (M) Bhd XKLS:0089
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tex Cycle Technology (M) 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 RM-10.52 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 RM-10.52 Mil mean?
Tex Cycle Technology (M) Bhd (XKLS:0089) has a Operating Income of RM-10.52 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tex Cycle Technology (M) Bhd and its competitors.
Is Tex Cycle Technology (M) Bhd's Operating Income too high?
Tex Cycle Technology (M) Bhd's current Operating Income is RM-10.52 Mil. Overall, Tex Cycle Technology (M) Bhd has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex Cycle Technology (M) Bhd's Operating Income compare to WM and RSG?
Tex Cycle Technology (M) Bhd's Operating Income of RM-10.52 Mil can be compared against companies in the Waste Management 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 Waste Management company?
A good Operating Income depends on the Waste Management 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 Tex Cycle Technology (M) Bhd and its competitors. Tex Cycle Technology (M) Bhd's current Operating Income is RM-10.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex Cycle Technology (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd (XKLS:0089) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.92, compared to a current price of RM1.00 — trading 47.9% below its estimated fair value. The current Operating Income is RM-10.52 Mil. Tex Cycle Technology (M) Bhd's overall GF Score™ is 83/100 with 5 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 Tex Cycle Technology (M) Bhd (XKLS:0089), the current Operating Income is RM-10.52 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 Tex Cycle Technology (M) Bhd (XKLS:0089) Overvalued in 2026?

Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd stock appears to be undervalued. The current stock price of RM1.00 is trading 47.9% below its estimated GF Value™ of RM1.92. GuruFocus considers Tex Cycle Technology (M) Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0089:

  • Operating Income: RM-10.52 Mil
  • GF Value™: RM1.92 vs. price of RM1.00 (47.9% below fair value)
  • GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the XKLS:0089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tex Cycle Technology (M) Bhd Business Description

Address Lot 8942, Jalan Besar Telok Gong, Pelabuhan Klang, SGR, MYS, 42000
Tex Cycle Technology (M) Bhd is engaged in the provision of recovery and recycling of scheduled waste. It operates in six segments. The investment holding segment comprises investing in property and unquoted securities on a long-term basis; the recovery and recycling services segment comprises the provision of waste recovery and recycling services, and rental of recycled products; the rental of investment property segment; trading segment comprises trading of chemicals and other products; renewable energy segment includes the provision of equipment and consultancy services related to renewable energy; and others segment. The majority of company's revenue comes from the recovery and recycling services segment.
83GF Score

Get the complete analysis for XKLS:0089

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

RM1.00
Price
RM1.92
GF Value