Steel Hawk Bhd (XKLS:0320) Operating Income: RM14.62 Mil (TTM As of Mar. 2026)

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XKLS:0320 Steel Hawk Bhd XKLS:0320
64 GF Score
Price RM0.21
GF Value RM0.22
Valuation Fairly Valued
! 9 Warning Signs
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What is Steel Hawk Bhd Operating Income?

Steel Hawk Bhd XKLS:0320 +5.00% 64 Operating Income is RM14.62 Mil as of Mar. 2026. GuruFocus rates XKLS:0320 with a GF Score™ of 64/100 and a GF Value™ of RM0.22 (Fairly Valued). The stock has 9 warning signs investors should review.

Steel Hawk Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.02 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM14.62 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Steel Hawk Bhd's Operating Income for the three months ended in Mar. 2026 was RM4.02 Mil. Steel Hawk Bhd's Revenue for the three months ended in Mar. 2026 was RM20.72 Mil. Therefore, Steel Hawk Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 19.41%.

Good Sign:

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

Steel Hawk Bhd's 5-Year average Growth Rate for Operating Margin % was 3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Steel Hawk Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 9.74%. Steel Hawk Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.06%.


Steel Hawk Bhd  (XKLS:0320) Operating Income Explanation

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

Steel Hawk 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 )
=16.092 * ( 1 - 23.99% )/( (114.084 + 137.159)/ 2 )
=12.2315292/125.6215
=9.74 %

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:

Steel Hawk 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 )
=16.108/( ( (13.119 + max(83.119, 0)) + (16.125 + max(88.258, 0)) )/ 2 )
=16.108/( ( 96.238 + 104.383 )/ 2 )
=16.108/100.3105
=16.06 %

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)
=(97.579 + 0.692 + 10.047) - (25.199 + 0 + 0)
=83.119

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(99.444 + 0.63 + 12.574) - (24.39 + 0 + 0)
=88.258

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 %:

Steel Hawk 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 )
=4.023/20.722
=19.41 %

* 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.


Steel Hawk Bhd Operating Income Related Terms


Steel Hawk Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Steel Hawk 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.

Steel Hawk Bhd Operating Income Chart

Steel Hawk Bhd Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 3.40 8.71 11.61 20.13 22.32

Steel Hawk Bhd Quarterly Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 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 11.95 1.74 2.28 6.58 4.02
XKLS:0320
64GF Score
Steel Hawk Bhd XKLS:0320
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Steel Hawk 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 RM14.62 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 RM14.62 Mil mean?
Steel Hawk Bhd (XKLS:0320) has a Operating Income of RM14.62 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Steel Hawk Bhd and its competitors.
Is Steel Hawk Bhd's Operating Income too high?
Steel Hawk Bhd's current Operating Income is RM14.62 Mil. Overall, Steel Hawk Bhd has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Steel Hawk Bhd's Operating Income compare to SLB and BKR?
Steel Hawk Bhd's Operating Income of RM14.62 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Steel Hawk Bhd and its competitors. Steel Hawk Bhd's current Operating Income is RM14.62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Hawk Bhd stock overvalued right now?
Based on GuruFocus' analysis, Steel Hawk Bhd (XKLS:0320) is currently considered Fairly Valued. The stock's GF Value™ is RM0.22, compared to a current price of RM0.21 — trading 4.5% below its estimated fair value. The current Operating Income is RM14.62 Mil. Steel Hawk Bhd's overall GF Score™ is 64/100 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 Steel Hawk Bhd (XKLS:0320), the current Operating Income is RM14.62 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 Steel Hawk Bhd (XKLS:0320) Overvalued in 2026?

Based on GuruFocus' analysis, Steel Hawk Bhd stock appears to be undervalued. The current stock price of RM0.21 is trading 4.5% below its estimated GF Value™ of RM0.22. GuruFocus considers Steel Hawk Bhd to be Fairly Valued.

Key valuation signals for XKLS:0320:

  • Operating Income: RM14.62 Mil
  • GF Value™: RM0.22 vs. price of RM0.21 (4.5% below fair value)
  • GF Score™: 64/100 with 9 warning signs

No single metric tells the full story. See the XKLS:0320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Steel Hawk Bhd Business Description

Industry EnergyOil & Gas
Address Jalan PJU 1/37, 23-2 & 25-2, Block H Dataran Prima, Petaling Jaya, SGR, MYS, 47301
Steel Hawk Bhd is engaged in investment holding company. It operates as an integrated engineering and industrial solutions provider supporting the energy, infrastructure, and utilities sectors. It is principally involved in the provision of EPCC services, as well as onshore and offshore support services for the O&G industry. The group's segments are EPCC services and facilities improvement/maintenance, I&M of oilfield equipment, and Supply of oilfield equipment. It generates maximum revenue from EPCC services and facilities improvement/maintenance that includes the provision of EPCC services for chemical injection skids installed at onshore or offshore exploration and production facilities, and other services. Geographically, it derives key revenue from its customers within Malaysia.
64GF Score

Get the complete analysis for XKLS:0320

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

RM0.21
Price
RM0.22
GF Value