Golden Destinations Group Bhd (XKLS:0398) Operating Income: RM31.6 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:0398 Golden Destinations Group Bhd XKLS:0398
16 GF Score
Price RM0.39
! 1 Warning Sign
View Full Analysis

What is Golden Destinations Group Bhd Operating Income?

Golden Destinations Group Bhd XKLS:0398 16 Operating Income is RM31.6 Mil as of Dec. 2025. GuruFocus rates XKLS:0398 with a GF Score™ of 16/100. The stock has 1 warning sign investors should review.

Golden Destinations 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 RM31.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Golden Destinations Group Bhd's Operating Income for the six months ended in Dec. 2025 was RM31.6 Mil. Golden Destinations Group Bhd's Revenue for the six months ended in Dec. 2025 was RM592.4 Mil. Therefore, Golden Destinations Group Bhd's Operating Margin % for the quarter that ended in Dec. 2025 was 5.33%.

Golden Destinations 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. Golden Destinations Group Bhd's annualized ROC % for the quarter that ended in Dec. 2025 was 22.87%. Golden Destinations Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 343.86%.

Golden Destinations Group Bhd  (XKLS:0398) Operating Income Explanation

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

Golden Destinations 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: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=31.598 * ( 1 - 24.57% )/( (116.184 + 92.264)/ 2 )
=23.8343714/104.224
=22.87 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=137.428 - 12.444 - ( 75.705 - max(0, 106.616 - 115.416+75.705))
=116.184

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))
=226.701 - 11.153 - ( 161.308 - max(0, 82.183 - 205.467+161.308))
=92.264

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

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

Golden Destinations 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: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=37.639/( ( (9.309 + max(-68.909, 0)) + (12.583 + max(-40.93, 0)) )/ 2 )
=37.639/( ( 9.309 + 12.583 )/ 2 )
=37.639/10.946
=343.86 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.83 + 0 + 32.361) - (12.444 + 0 + 93.656)
=-68.909

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.25 + 0 + 36.243) - (11.153 + 0 + 70.27)
=-40.93

When net working capital is negative, 0 is used.

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

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

Golden Destinations 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 )
=31.598/592.403
=5.33 %

* 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.

Golden Destinations Group Bhd Operating Income Related Terms

Golden Destinations Group Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Golden Destinations 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.

Golden Destinations Group Bhd Operating Income Chart

Golden Destinations Group Bhd Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
0.34 16.54 35.26 31.60

Golden Destinations Group Bhd Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Operating Income 0.34 16.54 35.26 31.60
XKLS:0398
16GF Score
Golden Destinations Group Bhd XKLS:0398
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Destinations 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was RM31.6 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 RM31.6 Mil mean?
Golden Destinations Group Bhd (XKLS:0398) has a Operating Income of RM31.6 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Golden Destinations Group Bhd and its competitors.
Is Golden Destinations Group Bhd's Operating Income too high?
Golden Destinations Group Bhd's current Operating Income is RM31.6 Mil. Overall, Golden Destinations Group Bhd has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Golden Destinations Group Bhd's Operating Income compare to BKNG and ABNB?
Golden Destinations Group Bhd's Operating Income of RM31.6 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 Golden Destinations Group Bhd and its competitors. Golden Destinations Group Bhd's current Operating Income is RM31.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Destinations Group Bhd stock overvalued right now?
Golden Destinations Group Bhd (XKLS:0398) has a current Operating Income of RM31.6 Mil. The current Operating Income is RM31.6 Mil. Golden Destinations Group Bhd's overall GF Score™ is 16/100 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 Golden Destinations Group Bhd (XKLS:0398), the current Operating Income is RM31.6 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.

Golden Destinations Group Bhd Business Description

Address Jalan Raja Chulan, Lot 345 - 346, 3rd Floor, Wisma New Asia, Wilayah Persekutuan, Kuala Lumpur, MYS, 50200
Golden Destinations Group Bhd is an investment holding company. Through its subsidiary, the company is principally involved as a full-service outbound travel experience curator, offering a comprehensive suite of outbound travel experience products and services under its brand Golden Destinations (GD). Its business segments include: i) Travel experience segment (comprising series travel experience packages, cruise travel experience packages and other travel experience packages) and ii) Standalone travel support services segment (ticketing services). The majority of the company's revenue is derived from the Travel experience segment, mainly through the series travel experience packages. Geographically, it operates in China, East Asia, Southeast Asia, Europe, and Other regions.
16GF Score

Get the complete analysis for XKLS:0398

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

RM0.39
Price