ICT Zone Asia Bhd (XKLS:0358) Operating Income: RM24.9 Mil (TTM As of Jan. 2026)

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XKLS:0358 ICT Zone Asia Bhd XKLS:0358
62 GF Score
Price RM0.23
GF Value RM0.38
Valuation Possible Value Trap
! 6 Warning Signs
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What is ICT Zone Asia Bhd Operating Income?

ICT Zone Asia Bhd XKLS:0358 62 Operating Income is RM24.9 Mil as of Jan. 2026. GuruFocus rates XKLS:0358 with a GF Score™ of 62/100 and a GF Value™ of RM0.38 (Possible Value Trap). The stock has 6 warning signs investors should review.

ICT Zone Asia Bhd's Operating Income for the six months ended in Jan. 2026 was RM12.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was RM24.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ICT Zone Asia Bhd's Operating Income for the six months ended in Jan. 2026 was RM12.6 Mil. ICT Zone Asia Bhd's Revenue for the six months ended in Jan. 2026 was RM94.1 Mil. Therefore, ICT Zone Asia Bhd's Operating Margin % for the quarter that ended in Jan. 2026 was 13.40%.

Warning Sign:

ICT Zone Asia Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -2.1%.

ICT Zone Asia Bhd's 5-Year average Growth Rate for Operating Margin % was -2.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ICT Zone Asia Bhd's annualized ROC % for the quarter that ended in Jan. 2026 was 7.19%. ICT Zone Asia Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 13.82%.

ICT Zone Asia Bhd  (XKLS:0358) Operating Income Explanation

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

ICT Zone Asia Bhd's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=25.222 * ( 1 - 24.62% )/( (249.405 + 279.224)/ 2 )
=19.0123436/264.3145
=7.19 %

where

Invested Capital(Q: Jul. 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))
=272.862 - 51.974 - ( 23.526 - max(0, 101.647 - 73.13+23.526))
=249.405

Invested Capital(Q: Jan. 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))
=295.29 - 43.672 - ( 26.804 - max(0, 106.271 - 78.665+26.804))
=279.224

Note: The Operating Income data used here is two times the semi-annual (Jan. 2026) data.

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

ICT Zone Asia Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.148/( ( (187.257 + max(-4.722, 0)) + (201.034 + max(4.579, 0)) )/ 2 )
=27.148/( ( 187.257 + 205.613 )/ 2 )
=27.148/196.435
=13.82 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.636 + 0.093 + 4.523) - (51.974 + 0 + 1.4210854715202E-14)
=-4.722

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.098 + 2.741 + 10.586) - (43.672 + 0 + 3.174)
=4.579

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2026) EBIT data.

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

ICT Zone Asia Bhd's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=12.611/94.09
=13.40 %

* 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.

ICT Zone Asia Bhd Operating Income Related Terms

ICT Zone Asia Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for ICT Zone Asia 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.

ICT Zone Asia Bhd Operating Income Chart

ICT Zone Asia Bhd Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Operating Income
Get a 7-Day Free Trial 5.86 6.69 8.97 12.03 18.34

ICT Zone Asia Bhd Semi-Annual Data
Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 8.59 9.66 8.69 12.25 12.61
XKLS:0358
62GF Score
ICT Zone Asia Bhd XKLS:0358
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ICT Zone Asia 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was RM24.9 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 RM24.9 Mil mean?
ICT Zone Asia Bhd (XKLS:0358) has a Operating Income of RM24.9 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ICT Zone Asia Bhd and its competitors.
Is ICT Zone Asia Bhd's Operating Income too high?
ICT Zone Asia Bhd's current Operating Income is RM24.9 Mil. Overall, ICT Zone Asia Bhd has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ICT Zone Asia Bhd's Operating Income compare to IBM and ACN?
ICT Zone Asia Bhd's Operating Income of RM24.9 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 ICT Zone Asia Bhd and its competitors. ICT Zone Asia Bhd's current Operating Income is RM24.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICT Zone Asia Bhd stock overvalued right now?
Based on GuruFocus' analysis, ICT Zone Asia Bhd (XKLS:0358) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.38, compared to a current price of RM0.23 — trading 39.5% below its estimated fair value. The current Operating Income is RM24.9 Mil. ICT Zone Asia Bhd's overall GF Score™ is 62/100 with 6 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 ICT Zone Asia Bhd (XKLS:0358), the current Operating Income is RM24.9 Mil as of Jan. 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 ICT Zone Asia Bhd (XKLS:0358) Overvalued in 2026?

Based on GuruFocus' analysis, ICT Zone Asia Bhd stock appears to be undervalued. The current stock price of RM0.23 is trading 39.5% below its estimated GF Value™ of RM0.38. GuruFocus considers ICT Zone Asia Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0358:

  • Operating Income: RM24.9 Mil
  • GF Value™: RM0.38 vs. price of RM0.23 (39.5% below fair value)
  • GF Score™: 62/100 with 6 warning signs

No single metric tells the full story. See the XKLS:0358 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ICT Zone Asia Bhd Business Description

Address Jalan Ampang Putra, Block H, Ground Floor, Excella Business Park, Wilayah Persekutuan, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 55100
ICT Zone Asia Bhd is an investment holding company. Along with its subsidiaries, it operates in the following business segments: the Technology financing segment, which involves operating leases of ICT hardware and software; the Trading of ICT hardware and software segment includes outright sales of ICT hardware and software and disposal of ICT assets; Provision of ICT services segment is involved in providing corrective and preventative ICT maintenance services; Provision of cloud solution and services segment offers customised cloud services with architecture solution and outright sales of ICT hardware and software for cloud solution; and Others. Maximum revenue for the group is generated from the Technology financing segment. Geographically, it generates maximum revenue from Malaysia.
62GF Score

Get the complete analysis for XKLS:0358

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

RM0.23
Price
RM0.38
GF Value