Malayan United Industries Bhd (XKLS:3891) Operating Income: RM220.3 Mil (TTM As of Mar. 2026)

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What is Malayan United Industries Bhd Operating Income?

Malayan United Industries Bhd XKLS:3891 Operating Income is RM220.3 Mil as of Mar. 2026. The stock has 5 warning signs investors should review.

Malayan United Industries Bhd's Operating Income for the three months ended in Mar. 2026 was RM-19.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM220.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Malayan United Industries Bhd's Operating Income for the three months ended in Mar. 2026 was RM-19.4 Mil. Malayan United Industries Bhd's Revenue for the three months ended in Mar. 2026 was RM62.3 Mil. Therefore, Malayan United Industries Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was -31.07%.

Malayan United Industries 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. Malayan United Industries Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was -4.23%. Malayan United Industries Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -6.22%.

Malayan United Industries Bhd  (XKLS:3891) Operating Income Explanation

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

Malayan United Industries 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 )
=-77.456 * ( 1 - 0% )/( (1905.193 + 1761.274)/ 2 )
=-77.456/1833.2335
=-4.23 %

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))
=2419.687 - 201.049 - ( 314.745 - max(0, 463.997 - 777.442+314.745))
=1905.193

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))
=2201.2 - 184.011 - ( 290.415 - max(0, 270.213 - 526.128+290.415))
=1761.274

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

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

Malayan United Industries 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 )
=-86.476/( ( (1274.775 + max(190.781, 0)) + (1305.525 + max(8.989, 0)) )/ 2 )
=-86.476/( ( 1465.556 + 1314.514 )/ 2 )
=-86.476/1390.035
=-6.22 %

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)
=(320.921 + 83.05 + 2.0219999999999) - (201.049 + 0 + 14.163)
=190.781

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(103.009 + 96.821 + 8.6560000000001) - (184.011 + 0 + 15.486)
=8.989

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 %:

Malayan United Industries 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 )
=-19.364/62.328
=-31.07 %

* 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.

Malayan United Industries Bhd Operating Income Related Terms

Malayan United Industries Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Malayan United Industries 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.

Malayan United Industries Bhd Operating Income Chart

Malayan United Industries Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -79.46 14.29 9.90 -22.26 15.44

Malayan United Industries 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 -4.00 -11.14 232.68 18.13 -19.36

Malayan United Industries 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 RM220.3 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 RM220.3 Mil mean?
Malayan United Industries Bhd (XKLS:3891) has a Operating Income of RM220.3 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Malayan United Industries Bhd and its competitors.
Is Malayan United Industries Bhd's Operating Income too high?
Malayan United Industries Bhd's current Operating Income is RM220.3 Mil.
How does Malayan United Industries Bhd's Operating Income compare to MAR and HLT?
Malayan United Industries Bhd's Operating Income of RM220.3 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 Malayan United Industries Bhd and its competitors. Malayan United Industries Bhd's current Operating Income is RM220.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan United Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan United Industries Bhd (XKLS:3891) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.11, compared to a current price of RM0.05 — trading 59.1% below its estimated fair value. The current Operating Income is RM220.3 Mil. 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 Malayan United Industries Bhd (XKLS:3891), the current Operating Income is RM220.3 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.

Malayan United Industries Bhd Business Description

Address 189 Jalan Ampang, Kuala Lumpur, SGR, MYS, 50450
Malayan United Industries Bhd is a Malaysia-based investment holding company. The company through its associate design, manufacture, source, distributes and sells garments, accessories and home furnishings products. The company's operating segment includes Retailing; Hotel; Food; Fast Food Chain; Property; and others. It generates maximum revenue from the Fast Food Chain segment. Hotel segment includes operating chain of restaurants. Geographically, it derives a majority of revenue from Malaysia, and has its presence in Asia-Pacific, Australia, North America, and United Kingdom.