Berjaya Assets Bhd (XKLS:3239) Operating Income: RM76.8 Mil (TTM As of Mar. 2026)

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XKLS:3239 Berjaya Assets Bhd XKLS:3239
20 GF Score
Price RM0.30
GF Value RM0.36
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Berjaya Assets Bhd Operating Income?

Berjaya Assets Bhd XKLS:3239 20 Operating Income is RM76.8 Mil as of Mar. 2026. GuruFocus rates XKLS:3239 with a GF Score™ of 20/100 and a GF Value™ of RM0.36 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Berjaya Assets Bhd's Operating Income for the three months ended in Mar. 2026 was RM22.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM76.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Berjaya Assets Bhd's Operating Income for the three months ended in Mar. 2026 was RM22.5 Mil. Berjaya Assets Bhd's Revenue for the three months ended in Mar. 2026 was RM78.3 Mil. Therefore, Berjaya Assets Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 28.71%.

Good Sign:

Berjaya Assets Bhd operating margin is expanding. Margin expansion is usually a good sign.

Berjaya Assets Bhd's 5-Year average Growth Rate for Operating Margin % was 17.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Berjaya Assets Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 2.64%. Berjaya Assets Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 64.64%.

Berjaya Assets Bhd  (XKLS:3239) Operating Income Explanation

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

Berjaya Assets 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 )
=89.924 * ( 1 - 17.03% )/( (2848.846 + 2797.979)/ 2 )
=74.6099428/2823.4125
=2.64 %

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))
=3042.742 - 430.025 - ( 61.781 - max(0, 815.34 - 579.211+61.781))
=2848.846

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))
=3074.933 - 459.933 - ( 53.239 - max(0, 764.49 - 581.511+53.239))
=2797.979

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

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

Berjaya Assets 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 )
=157.28/( ( (214.287 + max(49.178, 0)) + (211.859 + max(11.275, 0)) )/ 2 )
=157.28/( ( 263.465 + 223.134 )/ 2 )
=157.28/243.2995
=64.64 %

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)
=(48.911 + 265.429 + 203.09) - (430.025 + 0 + 38.227)
=49.178

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(55.256 + 273.165 + 199.851) - (459.933 + 0 + 57.064)
=11.275

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 %:

Berjaya Assets 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 )
=22.481/78.304
=28.71 %

* 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.

Berjaya Assets Bhd Operating Income Related Terms

Berjaya Assets Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Berjaya Assets 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.

Berjaya Assets Bhd Operating Income Chart

Berjaya Assets Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.25 16.45 45.09 43.31 51.90

Berjaya Assets Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only 12.53 12.38 21.46 20.49 22.48
XKLS:3239
20GF Score
Berjaya Assets Bhd XKLS:3239
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Berjaya Assets 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 RM76.8 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 RM76.8 Mil mean?
Berjaya Assets Bhd (XKLS:3239) has a Operating Income of RM76.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Berjaya Assets Bhd and its competitors.
Is Berjaya Assets Bhd's Operating Income too high?
Berjaya Assets Bhd's current Operating Income is RM76.8 Mil. Overall, Berjaya Assets Bhd has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berjaya Assets Bhd's Operating Income compare to HON and MMM?
Berjaya Assets Bhd's Operating Income of RM76.8 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Berjaya Assets Bhd and its competitors. Berjaya Assets Bhd's current Operating Income is RM76.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berjaya Assets Bhd stock overvalued right now?
Based on GuruFocus' analysis, Berjaya Assets Bhd (XKLS:3239) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.36, compared to a current price of RM0.30 — trading 18.1% below its estimated fair value. The current Operating Income is RM76.8 Mil. Berjaya Assets Bhd's overall GF Score™ is 20/100 with 4 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 Berjaya Assets Bhd (XKLS:3239), the current Operating Income is RM76.8 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 Berjaya Assets Bhd (XKLS:3239) Overvalued in 2026?

Based on GuruFocus' analysis, Berjaya Assets Bhd stock appears to be undervalued. The current stock price of RM0.30 is trading 18.1% below its estimated GF Value™ of RM0.36. GuruFocus considers Berjaya Assets Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3239:

  • Operating Income: RM76.8 Mil
  • GF Value™: RM0.36 vs. price of RM0.30 (18.1% below fair value)
  • GF Score™: 20/100 with 4 warning signs

No single metric tells the full story. See the XKLS:3239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Berjaya Assets Bhd Business Description

Address No. 1 Jalan Imbi, Berjaya Times Square, Level 12, Kuala Lumpur, SGR, MYS, 55100
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.
20GF Score

Get the complete analysis for XKLS:3239

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

RM0.30
Price
RM0.36
GF Value