Dagang NeXchange Bhd (XKLS:4456) Operating Income: RM143 Mil (TTM As of Mar. 2026)

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:4456 Dagang NeXchange Bhd XKLS:4456
48 GF Score
Price RM0.45
GF Value RM0.29
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Dagang NeXchange Bhd Operating Income?

Dagang NeXchange Bhd XKLS:4456 -1.10% 48 Operating Income is RM143 Mil as of Mar. 2026. GuruFocus rates XKLS:4456 with a GF Score™ of 48/100 and a GF Value™ of RM0.29 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Dagang NeXchange Bhd's Operating Income for the three months ended in Mar. 2026 was RM66 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM143 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dagang NeXchange Bhd's Operating Income for the three months ended in Mar. 2026 was RM66 Mil. Dagang NeXchange Bhd's Revenue for the three months ended in Mar. 2026 was RM268 Mil. Therefore, Dagang NeXchange Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 24.81%.

Dagang NeXchange 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. Dagang NeXchange Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 4.87%. Dagang NeXchange Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.20%.


Dagang NeXchange Bhd  (XKLS:4456) Operating Income Explanation

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

Dagang NeXchange 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 )
=265.524 * ( 1 - 41.85% )/( (3241.609 + 3104.56)/ 2 )
=154.402206/3173.0845
=4.87 %

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))
=3453.637 - 143.921 - ( 244.671 - max(0, 479.223 - 547.33+244.671))
=3241.609

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))
=3465.893 - 231.629 - ( 248.82 - max(0, 433.401 - 563.105+248.82))
=3104.56

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

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

Dagang NeXchange 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 )
=117.98/( ( (1655.59 + max(-108.169, 0)) + (1621.049 + max(-18.944, 0)) )/ 2 )
=117.98/( ( 1655.59 + 1621.049 )/ 2 )
=117.98/1638.3195
=7.20 %

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)
=(61.304 + 119.633 + 80.319) - (143.921 + 0 + 225.504)
=-108.169

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(155.3 + 144.945 + 4.936) - (231.629 + 0 + 92.496)
=-18.944

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 %:

Dagang NeXchange 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 )
=66.381/267.556
=24.81 %

* 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.


Dagang NeXchange Bhd Operating Income Related Terms


Dagang NeXchange Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Dagang NeXchange 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.

Dagang NeXchange Bhd Operating Income Chart

Dagang NeXchange Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Jun22 Jun23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.00 392.29 412.16 -58.58 -581.82

Dagang NeXchange Bhd Quarterly Data
Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 69.26 42.66 50.59 -16.58 66.38
XKLS:4456
48GF Score
Dagang NeXchange Bhd XKLS:4456
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dagang NeXchange 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 RM143 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 RM143 Mil mean?
Dagang NeXchange Bhd (XKLS:4456) has a Operating Income of RM143 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dagang NeXchange Bhd and its competitors.
Is Dagang NeXchange Bhd's Operating Income too high?
Dagang NeXchange Bhd's current Operating Income is RM143 Mil. Overall, Dagang NeXchange Bhd has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dagang NeXchange Bhd's Operating Income compare to IBM and ACN?
Dagang NeXchange Bhd's Operating Income of RM143 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Dagang NeXchange Bhd and its competitors. Dagang NeXchange Bhd's current Operating Income is RM143 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dagang NeXchange Bhd stock overvalued right now?
Based on GuruFocus' analysis, Dagang NeXchange Bhd (XKLS:4456) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.29, compared to a current price of RM0.45 — trading 55.2% above its estimated fair value. The current Operating Income is RM143 Mil. Dagang NeXchange Bhd's overall GF Score™ is 48/100 with 9 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 Dagang NeXchange Bhd (XKLS:4456), the current Operating Income is RM143 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 Dagang NeXchange Bhd (XKLS:4456) Overvalued in 2026?

Based on GuruFocus' analysis, Dagang NeXchange Bhd stock appears to be overvalued. The current stock price of RM0.45 is trading 55.2% above its estimated GF Value™ of RM0.29. GuruFocus considers Dagang NeXchange Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:4456:

  • Operating Income: RM143 Mil
  • GF Value™: RM0.29 vs. price of RM0.45 (55.2% above fair value)
  • GF Score™: 48/100 with 9 warning signs

No single metric tells the full story. See the XKLS:4456 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dagang NeXchange Bhd Business Description

Address Dagang Net Tower, Block 10 (A & B) Corporate Park, Star Central, Lingkaran, Cyberpoint Timur, Cyber 12, Cyberjaya, SGR, MYS, 63000
Dagang NeXchange Bhd is a Malaysia based company. The business operates in various segments that include Corporate, Information technology, Energy and Semiconductor. Corporate is in provision of corporate services to the entities within the group. Information technology which include Supply, delivery, installation, testing, commissioning and maintenance of IT hardware, development, management and B2G e-commerce. Energy includes providing upstream oil and gas exploration, production, sale of oil and gas related equipment and services, provision of engineering, technical support and energy related business. Key revenue is generated from Semiconductor segment which consists manufacturing of semiconductor wafers ,supplies multinational fables, sales of semiconductor related tools and others.
48GF Score

Get the complete analysis for XKLS:4456

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

RM0.45
Price
RM0.29
GF Value