JF Technology Bhd (XKLS:0146) Operating Income: RM9.47 Mil (TTM As of Mar. 2026)

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XKLS:0146 JF Technology Bhd XKLS:0146
69 GF Score
Price RM0.61
GF Value RM1.15
Valuation Possible Value Trap
! 6 Warning Signs
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What is JF Technology Bhd Operating Income?

JF Technology Bhd XKLS:0146 -6.20% 69 Operating Income is RM9.47 Mil as of Mar. 2026. GuruFocus rates XKLS:0146 with a GF Score™ of 69/100 and a GF Value™ of RM1.15 (Possible Value Trap). The stock has 6 warning signs investors should review.

JF Technology Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM9.47 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. JF Technology Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.29 Mil. JF Technology Bhd's Revenue for the three months ended in Mar. 2026 was RM23.19 Mil. Therefore, JF Technology Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 18.51%.

Warning Sign:

JF Technology Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -34.6%.

JF Technology Bhd's 5-Year average Growth Rate for Operating Margin % was -34.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. JF Technology Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 13.66%. JF Technology Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.36%.

JF Technology Bhd  (XKLS:0146) Operating Income Explanation

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

JF Technology 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 )
=17.172 * ( 1 - 17.88% )/( (95.012 + 111.418)/ 2 )
=14.1016464/103.215
=13.66 %

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))
=201.798 - 35.018 - ( 71.768 - max(0, 37.031 - 109.644+71.768))
=95.012

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))
=193.181 - 21.397 - ( 60.366 - max(0, 23.7 - 99.282+60.366))
=111.418

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

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

JF Technology 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 )
=18.728/( ( (57.934 + max(0.097999999999992, 0)) + (59.559 + max(14.475, 0)) )/ 2 )
=18.728/( ( 58.032 + 74.034 )/ 2 )
=18.728/66.033
=28.36 %

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)
=(23.641 + 9.971 + 1.827) - (35.018 + 0 + 0.323)
=0.097999999999992

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.13 + 9.985 + 1.364) - (21.397 + 0 + 0.607)
=14.475

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 %:

JF Technology 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 )
=4.293/23.192
=18.51 %

* 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.

JF Technology Bhd Operating Income Related Terms

JF Technology Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for JF Technology 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.

JF Technology Bhd Operating Income Chart

JF Technology 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 15.25 12.65 9.42 3.84 1.61

JF Technology 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 0.57 0.08 1.56 3.54 4.29
XKLS:0146
69GF Score
JF Technology Bhd XKLS:0146
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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JF Technology 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 RM9.47 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 RM9.47 Mil mean?
JF Technology Bhd (XKLS:0146) has a Operating Income of RM9.47 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on JF Technology Bhd and its competitors.
Is JF Technology Bhd's Operating Income too high?
JF Technology Bhd's current Operating Income is RM9.47 Mil. Overall, JF Technology Bhd has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JF Technology Bhd's Operating Income compare to AMAT and LRCX?
JF Technology Bhd's Operating Income of RM9.47 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 JF Technology Bhd and its competitors. JF Technology Bhd's current Operating Income is RM9.47 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JF Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, JF Technology Bhd (XKLS:0146) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.15, compared to a current price of RM0.61 — trading 47.4% below its estimated fair value. The current Operating Income is RM9.47 Mil. JF Technology Bhd's overall GF Score™ is 69/100 with 6 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 JF Technology Bhd (XKLS:0146), the current Operating Income is RM9.47 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 JF Technology Bhd (XKLS:0146) Overvalued in 2026?

Based on GuruFocus' analysis, JF Technology Bhd stock appears to be undervalued. The current stock price of RM0.61 is trading 47.4% below its estimated GF Value™ of RM1.15. GuruFocus considers JF Technology Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0146:

  • Operating Income: RM9.47 Mil
  • GF Value™: RM1.15 vs. price of RM0.61 (47.4% below fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the XKLS:0146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

JF Technology Bhd Business Description

Address Lot 6, Jalan Teknologi 3/6, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, SGR, MYS, 47810
JF Technology Bhd is an investment holding company, which along with its subsidiaries, engages in the manufacturing, packaging, marketing, trading, and distribution of electronic products and components. Its products include integrated circuit test sockets, interconnects, and test solutions and equipment among other products for the semiconductor and electronics assembly markets. Geographically it derives maximum revenue from China and the rest from Malaysia, the United States, Singapore, Philippines, and other regions.
69GF Score

Get the complete analysis for XKLS:0146

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

RM0.61
Price
RM1.15
GF Value