Aquawalk Group Bhd (XKLS:0380) Operating Income: RM50.4 Mil (TTM As of Dec. 2025)

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XKLS:0380 Aquawalk Group Bhd XKLS:0380
14 GF Score
Price RM0.16
! 2 Warning Signs
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What is Aquawalk Group Bhd Operating Income?

Aquawalk Group Bhd XKLS:0380 14 Operating Income is RM50.4 Mil as of Dec. 2025. GuruFocus rates XKLS:0380 with a GF Score™ of 14/100. The stock has 2 warning signs investors should review.

Aquawalk Group Bhd's Operating Income for the six months ended in Dec. 2025 was RM31.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was RM50.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Aquawalk Group Bhd's Operating Income for the six months ended in Dec. 2025 was RM31.6 Mil. Aquawalk Group Bhd's Revenue for the six months ended in Dec. 2025 was RM59.8 Mil. Therefore, Aquawalk Group Bhd's Operating Margin % for the quarter that ended in Dec. 2025 was 52.90%.

Aquawalk Group 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. Aquawalk Group Bhd's annualized ROC % for the quarter that ended in Dec. 2025 was 18.90%. Aquawalk Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 22.92%.

Aquawalk Group Bhd  (XKLS:0380) Operating Income Explanation

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

Aquawalk Group Bhd's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=63.226 * ( 1 - 23.07% )/( (198.238 + 316.343)/ 2 )
=48.6397618/257.2905
=18.90 %

where

Invested Capital(Q: Jun. 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))
=342.514 - 19.971 - ( 146.821 - max(0, 28.298 - 152.603+146.821))
=198.238

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))
=372.591 - 12.639 - ( 43.609 - max(0, 41.081 - 185.58+43.609))
=316.343

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Aquawalk Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=51.16/( ( (175.674 + max(-18.227, 0)) + (169.241 + max(101.484, 0)) )/ 2 )
=51.16/( ( 175.674 + 270.725 )/ 2 )
=51.16/223.1995
=22.92 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.87 + 0.015 + 0.89700000000002) - (19.971 + 0 + 4.038)
=-18.227

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.19 + 0.027 + 140.378) - (12.639 + 0 + 26.472)
=101.484

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Aquawalk Group Bhd's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=31.613/59.763
=52.90 %

* 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.

Aquawalk Group Bhd Operating Income Related Terms

Aquawalk Group Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Aquawalk 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.

Aquawalk Group Bhd Operating Income Chart

Aquawalk Group Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
-8.98 24.42 37.38 41.33 50.42

Aquawalk Group Bhd Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial 0.00 16.22 25.11 18.80 31.61
XKLS:0380
14GF Score
Aquawalk Group Bhd XKLS:0380
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Aquawalk 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was RM50.4 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 RM50.4 Mil mean?
Aquawalk Group Bhd (XKLS:0380) has a Operating Income of RM50.4 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aquawalk Group Bhd and its competitors.
Is Aquawalk Group Bhd's Operating Income too high?
Aquawalk Group Bhd's current Operating Income is RM50.4 Mil. Overall, Aquawalk Group Bhd has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Aquawalk Group Bhd's Operating Income compare to AS and HAS?
Aquawalk Group Bhd's Operating Income of RM50.4 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 Aquawalk Group Bhd and its competitors. Aquawalk Group Bhd's current Operating Income is RM50.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aquawalk Group Bhd stock overvalued right now?
Aquawalk Group Bhd (XKLS:0380) has a current Operating Income of RM50.4 Mil. The current Operating Income is RM50.4 Mil. Aquawalk Group Bhd's overall GF Score™ is 14/100 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 Aquawalk Group Bhd (XKLS:0380), the current Operating Income is RM50.4 Mil as of Dec. 2025. 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.

Aquawalk Group Bhd Business Description

Address No. 12, Jalan Pinang, Level 3A-01, Menara Darussalam, Kuala Lumpur, SGR, MYS, 50450
Aquawalk Group Bhd is an investment holding company. The principal activities are mainly involved in managing and operating aquariums, providing design services and construction of aquariums. The group has three reportable segments Aquawalk Malaysia, Aquawalk Thailand, and Others: Malaysia (non-aquarium business), Indonesia and Singapore. The company generates majority of revenue from Aquawalk Malaysia segment. The Group predominantly operates in Malaysia, Thailand and Indonesia. The company generates majority of revenue from Malaysia.
14GF Score

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

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