Ecomate Holdings Bhd (XKLS:0239) Operating Income: RM1.12 Mil (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:0239 Ecomate Holdings Bhd XKLS:0239
50 GF Score
Price RM0.86
GF Value RM0.52
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Ecomate Holdings Bhd Operating Income?

Ecomate Holdings Bhd XKLS:0239 50 Operating Income is RM1.12 Mil as of Feb. 2026. GuruFocus rates XKLS:0239 with a GF Score™ of 50/100 and a GF Value™ of RM0.52 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Ecomate Holdings Bhd's Operating Income for the three months ended in Feb. 2026 was RM0.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was RM1.12 Mil.

Warning Sign:

Ecomate Holdings 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. Ecomate Holdings Bhd's Operating Income for the three months ended in Feb. 2026 was RM0.00 Mil. Ecomate Holdings Bhd's Revenue for the three months ended in Feb. 2026 was RM19.71 Mil. Therefore, Ecomate Holdings Bhd's Operating Margin % for the quarter that ended in Feb. 2026 was 0.01%.

Warning Sign:

Ecomate Holdings Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -27.1%.

Ecomate Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was -27.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ecomate Holdings Bhd's annualized ROC % for the quarter that ended in Feb. 2026 was 0.01%. Ecomate Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 9.12%.


Ecomate Holdings Bhd  (XKLS:0239) Operating Income Explanation

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

Ecomate Holdings Bhd's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=0.008 * ( 1 - 19.86% )/( (82.736 + 84.495)/ 2 )
=0.0064112/83.6155
=0.01 %

where

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

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

Ecomate Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2.956/( ( (25.626 + max(-3.558, 0)) + (26.195 + max(13.034, 0)) )/ 2 )
=2.956/( ( 25.626 + 39.229 )/ 2 )
=2.956/32.4275
=9.12 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.667 + 16.035 + 0.20700000000001) - (13.284 + 0 + 19.183)
=-3.558

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.27 + 14.155 + 21.699) - (7.825 + 0 + 23.265)
=13.034

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

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

Ecomate Holdings Bhd's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=0.002/19.709
=0.01 %

* 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.


Ecomate Holdings Bhd Operating Income Related Terms


Ecomate Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Ecomate Holdings 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.

Ecomate Holdings Bhd Operating Income Chart

Ecomate Holdings Bhd Annual Data
Trend Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Operating Income
Get a 7-Day Free Trial 9.10 8.76 3.88 3.52 2.17

Ecomate Holdings Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.69 0.16 -0.10 1.06 0.00
XKLS:0239
50GF Score
Ecomate Holdings Bhd XKLS:0239
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ecomate Holdings 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM1.12 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 RM1.12 Mil mean?
Ecomate Holdings Bhd (XKLS:0239) has a Operating Income of RM1.12 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ecomate Holdings Bhd and its competitors.
Is Ecomate Holdings Bhd's Operating Income too high?
Ecomate Holdings Bhd's current Operating Income is RM1.12 Mil. Overall, Ecomate Holdings Bhd has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecomate Holdings Bhd's Operating Income compare to SN and SGI?
Ecomate Holdings Bhd's Operating Income of RM1.12 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances 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 Ecomate Holdings Bhd and its competitors. Ecomate Holdings Bhd's current Operating Income is RM1.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomate Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ecomate Holdings Bhd (XKLS:0239) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.52, compared to a current price of RM0.86 — trading 64.4% above its estimated fair value. The current Operating Income is RM1.12 Mil. Ecomate Holdings Bhd's overall GF Score™ is 50/100 with 9 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 Ecomate Holdings Bhd (XKLS:0239), the current Operating Income is RM1.12 Mil as of Feb. 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 Ecomate Holdings Bhd (XKLS:0239) Overvalued in 2026?

Based on GuruFocus' analysis, Ecomate Holdings Bhd stock appears to be overvalued. The current stock price of RM0.86 is trading 64.4% above its estimated GF Value™ of RM0.52. GuruFocus considers Ecomate Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0239:

  • Operating Income: RM1.12 Mil
  • GF Value™: RM0.52 vs. price of RM0.86 (64.4% above fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the XKLS:0239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ecomate Holdings Bhd Business Description

Address Kawasan Perindustrian Bakri Batu 7, Lot PTD 7274, Jalan Bakri, Muar, JHR, MYS, 84200
Ecomate Holdings Bhd is an investment holding company. Through its subsidiary, the company is principally engaged in the production of ready-to-assemble furniture products, where it undertakes design and development, production as well as marketing and sales of living room furniture, bedroom furniture as well as other types of furniture. The company has a single operating segment namely the furniture industry.
50GF Score

Get the complete analysis for XKLS:0239

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

RM0.86
Price
RM0.52
GF Value