Evergreen Max Cash Capital Bhd (XKLS:0286) Operating Income: RM73.4 Mil (TTM As of Mar. 2026)

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XKLS:0286 Evergreen Max Cash Capital Bhd XKLS:0286
40 GF Score
Price RM0.35
GF Value RM0.77
Valuation Possible Value Trap
! 8 Warning Signs
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What is Evergreen Max Cash Capital Bhd Operating Income?

Evergreen Max Cash Capital Bhd XKLS:0286 +1.45% 40 Operating Income is RM73.4 Mil as of Mar. 2026. GuruFocus rates XKLS:0286 with a GF Score™ of 40/100 and a GF Value™ of RM0.77 (Possible Value Trap). The stock has 8 warning signs investors should review.

Evergreen Max Cash Capital Bhd's Operating Income for the three months ended in Mar. 2026 was RM23.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM73.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Evergreen Max Cash Capital Bhd's Operating Income for the three months ended in Mar. 2026 was RM23.5 Mil. Evergreen Max Cash Capital Bhd's Revenue for the three months ended in Mar. 2026 was RM67.6 Mil. Therefore, Evergreen Max Cash Capital Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 34.71%.

Warning Sign:

Evergreen Max Cash Capital Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -3%.

Evergreen Max Cash Capital Bhd's 5-Year average Growth Rate for Operating Margin % was -3.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Evergreen Max Cash Capital Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 10.98%. Evergreen Max Cash Capital Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.30%.

Evergreen Max Cash Capital Bhd  (XKLS:0286) Operating Income Explanation

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

Evergreen Max Cash Capital 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 )
=93.852 * ( 1 - 28.2% )/( (586.01 + 641.215)/ 2 )
=67.385736/613.6125
=10.98 %

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))
=626.974 - 5.172 - ( 35.792 - max(0, 240.343 - 563.601+35.792))
=586.01

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))
=678.148 - 11.348 - ( 25.585 - max(0, 279.185 - 615.328+25.585))
=641.215

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

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

Evergreen Max Cash Capital 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 )
=95.288/( ( (39.214 + max(518.505, 0)) + (38.729 + max(572.681, 0)) )/ 2 )
=95.288/( ( 557.719 + 611.41 )/ 2 )
=95.288/584.5645
=16.30 %

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)
=(519.667 + 1.925 + 5.304) - (5.172 + 0 + 3.219)
=518.505

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(580.217 + 2.431 + 1.3809999999999) - (11.348 + 0 + 0)
=572.681

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 %:

Evergreen Max Cash Capital 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 )
=23.463/67.593
=34.71 %

* 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.

Evergreen Max Cash Capital Bhd Operating Income Related Terms

Evergreen Max Cash Capital Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Evergreen Max Cash Capital 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.

Evergreen Max Cash Capital Bhd Operating Income Chart

Evergreen Max Cash Capital Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 15.63 17.44 24.46 35.08 58.70

Evergreen Max Cash Capital Bhd Quarterly Data
Dec19 Dec20 Dec21 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 11.81 14.63 16.01 19.32 23.46
XKLS:0286
40GF Score
Evergreen Max Cash Capital Bhd XKLS:0286
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Evergreen Max Cash Capital 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 RM73.4 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 RM73.4 Mil mean?
Evergreen Max Cash Capital Bhd (XKLS:0286) has a Operating Income of RM73.4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Evergreen Max Cash Capital Bhd and its competitors.
Is Evergreen Max Cash Capital Bhd's Operating Income too high?
Evergreen Max Cash Capital Bhd's current Operating Income is RM73.4 Mil. Overall, Evergreen Max Cash Capital Bhd has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Evergreen Max Cash Capital Bhd's Operating Income compare to V and MA?
Evergreen Max Cash Capital Bhd's Operating Income of RM73.4 Mil can be compared against companies in the Credit Services 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 Credit Services company?
A good Operating Income depends on the Credit Services 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 Evergreen Max Cash Capital Bhd and its competitors. Evergreen Max Cash Capital Bhd's current Operating Income is RM73.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Max Cash Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Max Cash Capital Bhd (XKLS:0286) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.77, compared to a current price of RM0.35 — trading 54.5% below its estimated fair value. The current Operating Income is RM73.4 Mil. Evergreen Max Cash Capital Bhd's overall GF Score™ is 40/100 with 8 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 Evergreen Max Cash Capital Bhd (XKLS:0286), the current Operating Income is RM73.4 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 Evergreen Max Cash Capital Bhd (XKLS:0286) Overvalued in 2026?

Based on GuruFocus' analysis, Evergreen Max Cash Capital Bhd stock appears to be undervalued. The current stock price of RM0.35 is trading 54.5% below its estimated GF Value™ of RM0.77. GuruFocus considers Evergreen Max Cash Capital Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0286:

  • Operating Income: RM73.4 Mil
  • GF Value™: RM0.77 vs. price of RM0.35 (54.5% below fair value)
  • GF Score™: 40/100 with 8 warning signs

No single metric tells the full story. See the XKLS:0286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Evergreen Max Cash Capital Bhd Business Description

Address No. 1, Jalan Lima, Off Jalan Chan Sow Lin, Lot 11-10, Level 11, Wisma Trax, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 55200
Evergreen Max Cash Capital Bhd is principally engaged in the business of investment holding and the provision of management services. The company has four operating segment Pawnbroking services; Tawarruq products; Retail and trading of jewellery, gold and luxury products; and others. The company generates majority of revenue from Retail and trading of jewellery, gold and luxury products which includes Retail sale of new and pre-owned jewellery, gold and luxury products; Sale of scrap gold acquired from unredeemed and bid pledges, and pre-owned jewellery and gold from walk-in individuals. The Group's operations are carried out entirely in Malaysia.
40GF Score

Get the complete analysis for XKLS:0286

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

RM0.35
Price
RM0.77
GF Value