Cheeding Holdings Bhd (XKLS:0372) Operating Income: RM35.08 Mil (TTM As of Mar. 2026)

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XKLS:0372 Cheeding Holdings Bhd XKLS:0372
19 GF Score
Price RM0.66
! 1 Warning Sign
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What is Cheeding Holdings Bhd Operating Income?

Cheeding Holdings Bhd XKLS:0372 +0.77% 19 Operating Income is RM35.08 Mil as of Mar. 2026. GuruFocus rates XKLS:0372 with a GF Score™ of 19/100. The stock has 1 warning sign investors should review.

Cheeding Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM11.96 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM35.08 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cheeding Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM11.96 Mil. Cheeding Holdings Bhd's Revenue for the three months ended in Mar. 2026 was RM28.92 Mil. Therefore, Cheeding Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 41.34%.

Cheeding Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cheeding Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 64.05%. Cheeding Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 182.21%.

Cheeding Holdings Bhd  (XKLS:0372) Operating Income Explanation

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

Cheeding Holdings 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 )
=47.824 * ( 1 - 22.71% )/( (50.352 + 65.069)/ 2 )
=36.9631696/57.7105
=64.05 %

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))
=153.583 - 15.337 - ( 87.894 - max(0, 26.938 - 134.169+87.894))
=50.352

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))
=160.646 - 6.439 - ( 89.138 - max(0, 24.277 - 141.789+89.138))
=65.069

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

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

Cheeding Holdings 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 )
=50.716/( ( (11.094 + max(12.372, 0)) + (10.581 + max(21.621, 0)) )/ 2 )
=50.716/( ( 23.466 + 32.202 )/ 2 )
=50.716/27.834
=182.21 %

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)
=(22.802 + 0 + 15.291) - (15.337 + 0 + 10.384)
=12.372

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.948 + 0 + 15.813) - (6.439 + 0 + 17.701)
=21.621

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 %:

Cheeding Holdings 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 )
=11.956/28.918
=41.34 %

* 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.

Cheeding Holdings Bhd Operating Income Related Terms

Cheeding Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Cheeding Holdings 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.

Cheeding Holdings Bhd Operating Income Chart

Cheeding Holdings Bhd Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
-0.67 11.50 27.37 34.34 46.10

Cheeding Holdings Bhd Quarterly Data
Mar22 Mar23 Mar24 Mar25 Jun25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial 0.00 0.00 8.63 14.49 11.96
XKLS:0372
19GF Score
Cheeding Holdings Bhd XKLS:0372
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Cheeding Holdings 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 RM35.08 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 RM35.08 Mil mean?
Cheeding Holdings Bhd (XKLS:0372) has a Operating Income of RM35.08 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cheeding Holdings Bhd and its competitors.
Is Cheeding Holdings Bhd's Operating Income too high?
Cheeding Holdings Bhd's current Operating Income is RM35.08 Mil. Overall, Cheeding Holdings Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Cheeding Holdings Bhd's Operating Income compare to PWR and FIX?
Cheeding Holdings Bhd's Operating Income of RM35.08 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Cheeding Holdings Bhd and its competitors. Cheeding Holdings Bhd's current Operating Income is RM35.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheeding Holdings Bhd stock overvalued right now?
Cheeding Holdings Bhd (XKLS:0372) has a current Operating Income of RM35.08 Mil. The current Operating Income is RM35.08 Mil. Cheeding Holdings Bhd's overall GF Score™ is 19/100 with 1 warning sign 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 Cheeding Holdings Bhd (XKLS:0372), the current Operating Income is RM35.08 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.

Cheeding Holdings Bhd Business Description

Address No. 9, Jalan PJS 8/9, Suite 923, Block B1, Level 9, Leisure Commerce Square, Petaling Jaya, SGR, MYS, 46150
Cheeding Holdings Bhd is an investment holding company. Through its subsidiaries, It is predominantly involved in the provision of utilities engineering solutions where the main activities involve the EPCC and maintenance of overhead infrastructure for utilities, EPCC of underground infrastructure for utilities and substation engineering services.
19GF Score

Get the complete analysis for XKLS:0372

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

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