Topmix Bhd (XKLS:0302) Operating Income: RM27.2 Mil (TTM As of Mar. 2026)

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XKLS:0302 Topmix Bhd XKLS:0302
49 GF Score
Price RM0.39
! 2 Warning Signs
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What is Topmix Bhd Operating Income?

Topmix Bhd XKLS:0302 -2.50% 49 Operating Income is RM27.2 Mil as of Mar. 2026. GuruFocus rates XKLS:0302 with a GF Score™ of 49/100. The stock has 2 warning signs investors should review.

Topmix Bhd's Operating Income for the three months ended in Mar. 2026 was RM5.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM27.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Topmix Bhd's Operating Income for the three months ended in Mar. 2026 was RM5.7 Mil. Topmix Bhd's Revenue for the three months ended in Mar. 2026 was RM25.3 Mil. Therefore, Topmix Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 22.41%.

Good Sign:

Topmix Bhd operating margin is expanding. Margin expansion is usually a good sign.

Topmix Bhd's 5-Year average Growth Rate for Operating Margin % was 9.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Topmix Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 19.66%. Topmix Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.76%.

Topmix Bhd  (XKLS:0302) Operating Income Explanation

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

Topmix 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 )
=22.66 * ( 1 - 32.09% )/( (78.012 + 78.516)/ 2 )
=15.388406/78.264
=19.66 %

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))
=121.706 - 7.909 - ( 35.785 - max(0, 17.015 - 86.805+35.785))
=78.012

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))
=120.308 - 9.028 - ( 32.764 - max(0, 14.784 - 83.902+32.764))
=78.516

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

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

Topmix 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 )
=21.276/( ( (31.172 + max(40.22, 0)) + (32.663 + max(38.95, 0)) )/ 2 )
=21.276/( ( 71.392 + 71.613 )/ 2 )
=21.276/71.5025
=29.76 %

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)
=(21.372 + 26.428 + 3.214) - (7.909 + 0 + 2.885)
=40.22

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.36 + 29.606 + 0.011999999999986) - (9.028 + 0 + 0)
=38.95

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 %:

Topmix 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 )
=5.665/25.279
=22.41 %

* 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.

Topmix Bhd Operating Income Related Terms

Topmix Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Topmix 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.

Topmix Bhd Operating Income Chart

Topmix Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 6.66 12.86 13.19 18.04 26.16

Topmix Bhd Quarterly Data
Dec20 Dec21 Dec22 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 4.70 6.05 8.74 6.76 5.67
XKLS:0302
49GF Score
Topmix Bhd XKLS:0302
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Topmix 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 RM27.2 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 RM27.2 Mil mean?
Topmix Bhd (XKLS:0302) has a Operating Income of RM27.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Topmix Bhd and its competitors.
Is Topmix Bhd's Operating Income too high?
Topmix Bhd's current Operating Income is RM27.2 Mil. Overall, Topmix Bhd has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Topmix Bhd's Operating Income compare to SN and SGI?
Topmix Bhd's Operating Income of RM27.2 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 Topmix Bhd and its competitors. Topmix Bhd's current Operating Income is RM27.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topmix Bhd stock overvalued right now?
Topmix Bhd (XKLS:0302) has a current Operating Income of RM27.2 Mil. The current Operating Income is RM27.2 Mil. Topmix Bhd's overall GF Score™ is 49/100 with 2 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 Topmix Bhd (XKLS:0302), the current Operating Income is RM27.2 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.

Topmix Bhd Business Description

Address 8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300
Topmix Bhd is an investment holding company. The Group markets and distributes decorative surface products under its proprietary brands, including HPL, compact panels, wall panels, MFC, and other decorative surfaces. It also undertakes in-house product design and collaborates with third-party decor paper suppliers to develop surface designs and finishes for commercial and residential interior applications, such as wall finishes, countertops, furniture, fixtures, and display systems. The Group operates through two business segments: Trading, which involves the wholesale and trading of high-pressure laminated sheets and merchandise of all kinds, and Others, which involves investment holding. The majority of its revenue is derived from Malaysia.
49GF Score

Get the complete analysis for XKLS:0302

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

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