TSA Group Bhd (XKLS:0297) Operating Income: RM25.2 Mil (TTM As of Mar. 2026)

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XKLS:0297 TSA Group Bhd XKLS:0297
31 GF Score
Price RM0.87
! 10 Warning Signs
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What is TSA Group Bhd Operating Income?

TSA Group Bhd XKLS:0297 31 Operating Income is RM25.2 Mil as of Mar. 2026. GuruFocus rates XKLS:0297 with a GF Score™ of 31/100. The stock has 10 warning signs investors should review.

TSA Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM25.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TSA Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.8 Mil. TSA Group Bhd's Revenue for the three months ended in Mar. 2026 was RM61.5 Mil. Therefore, TSA Group Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 7.88%.

Warning Sign:

TSA Group Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -6.5%.

TSA Group Bhd's 5-Year average Growth Rate for Operating Margin % was -6.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TSA Group Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 5.87%. TSA Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.08%.


TSA Group Bhd  (XKLS:0297) Operating Income Explanation

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

TSA Group 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 )
=19.372 * ( 1 - 41.68% )/( (191.783 + 193.166)/ 2 )
=11.2977504/192.4745
=5.87 %

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:

TSA Group 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 )
=17.708/( ( (67.197 + max(108.056, 0)) + (69.506 + max(106.556, 0)) )/ 2 )
=17.708/( ( 175.253 + 176.062 )/ 2 )
=17.708/175.6575
=10.08 %

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)
=(57.985 + 67.208 + 4.353) - (14.122 + 0 + 7.368)
=108.056

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57.705 + 65.877 + 0.81100000000001) - (17.837 + 0 + 0)
=106.556

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 %:

TSA Group 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 )
=4.843/61.498
=7.88 %

* 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.


TSA Group Bhd Operating Income Related Terms


TSA Group Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for TSA Group 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.

TSA Group Bhd Operating Income Chart

TSA Group Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 56.35 42.69 29.64 28.20 26.95

TSA Group Bhd Quarterly Data
Dec20 Dec21 Dec22 Aug23 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 6.55 8.30 6.43 5.68 4.84
XKLS:0297
31GF Score
TSA Group Bhd XKLS:0297
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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TSA Group 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 RM25.2 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 RM25.2 Mil mean?
TSA Group Bhd (XKLS:0297) has a Operating Income of RM25.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TSA Group Bhd and its competitors.
Is TSA Group Bhd's Operating Income too high?
TSA Group Bhd's current Operating Income is RM25.2 Mil. Overall, TSA Group Bhd has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does TSA Group Bhd's Operating Income compare to NUE and STLD?
TSA Group Bhd's Operating Income of RM25.2 Mil can be compared against companies in the Steel 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 Steel company?
A good Operating Income depends on the Steel 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 TSA Group Bhd and its competitors. TSA Group Bhd's current Operating Income is RM25.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSA Group Bhd stock overvalued right now?
TSA Group Bhd (XKLS:0297) has a current Operating Income of RM25.2 Mil. The current Operating Income is RM25.2 Mil. TSA Group Bhd's overall GF Score™ is 31/100 with 10 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 TSA Group Bhd (XKLS:0297), the current Operating Income is RM25.2 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.

TSA Group Bhd Business Description

Address Lot 3998, Jalan 6/2A, Taman Industri Selesa Jaya, Balakong, SGR, MYS, 43300
TSA Group Bhd is engaged in trading, manufacturing and processing of metal products, mainly of stainless steel. It mainly trades in stainless steel plates, sheets, coils, pipes, square bars, flat bars, round bars, hexagon bars, angle bars, U-channels, chequered and perforated plates, shim and strips, wire, flanges, and pipe fittings. It also supplies products made from other metals comprising copper, aluminum, brass, bronze, lead, and carbon steel. Geographically it operates in Malaysia, Singapore, Bangladesh, Thailand, Indonesia and others, having key revenue from Malaysia.
31GF Score

Get the complete analysis for XKLS:0297

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

RM0.87
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