Glomac Bhd (XKLS:5020) Operating Income: RM36.6 Mil (TTM As of Apr. 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:5020 Glomac Bhd XKLS:5020
54 GF Score
Price RM0.32
GF Value RM0.32
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Glomac Bhd Operating Income?

Glomac Bhd XKLS:5020 54 Operating Income is RM36.6 Mil as of Apr. 2026. GuruFocus rates XKLS:5020 with a GF Score™ of 54/100 and a GF Value™ of RM0.32 (Fairly Valued). The stock has 7 warning signs investors should review.

Glomac Bhd's Operating Income for the three months ended in Apr. 2026 was RM21.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was RM36.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Glomac Bhd's Operating Income for the three months ended in Apr. 2026 was RM21.3 Mil. Glomac Bhd's Revenue for the three months ended in Apr. 2026 was RM79.8 Mil. Therefore, Glomac Bhd's Operating Margin % for the quarter that ended in Apr. 2026 was 26.68%.

Warning Sign:

Glomac Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -10%.

Glomac Bhd's 5-Year average Growth Rate for Operating Margin % was -10.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Glomac Bhd's annualized ROC % for the quarter that ended in Apr. 2026 was 3.64%. Glomac Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 124.70%.


Glomac Bhd  (XKLS:5020) Operating Income Explanation

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

Glomac Bhd's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=85.1 * ( 1 - 38.82% )/( (1427.307 + 1433.821)/ 2 )
=52.06418/1430.564
=3.64 %

where

Invested Capital(Q: Jan. 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))
=1793.711 - 166.975 - ( 208.334 - max(0, 408.066 - 607.495+208.334))
=1427.307

Invested Capital(Q: Apr. 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))
=1842.991 - 193.323 - ( 215.847 - max(0, 448.279 - 738.311+215.847))
=1433.821

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

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

Glomac Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=95.416/( ( (39.517 + max(-2.46, 0)) + (37.266 + max(76.25, 0)) )/ 2 )
=95.416/( ( 39.517 + 113.516 )/ 2 )
=95.416/76.5165
=124.70 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.844 + 240.723 + 12.793) - (166.975 + 0 + 149.845)
=-2.46

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.969 + 344.473 + 9.788) - (193.323 + 0 + 163.657)
=76.25

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

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

Glomac Bhd's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=21.275/79.75
=26.68 %

* 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.


Glomac Bhd Operating Income Related Terms


Glomac Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Glomac 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.

Glomac Bhd Operating Income Chart

Glomac Bhd Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.06 64.91 32.62 44.85 36.64

Glomac Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 16.00 -0.18 6.72 8.81 21.28
XKLS:5020
54GF Score
Glomac Bhd XKLS:5020
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Glomac 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM36.6 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 RM36.6 Mil mean?
Glomac Bhd (XKLS:5020) has a Operating Income of RM36.6 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Glomac Bhd and its competitors.
Is Glomac Bhd's Operating Income too high?
Glomac Bhd's current Operating Income is RM36.6 Mil. Overall, Glomac Bhd has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Glomac Bhd's Operating Income compare to competitors?
Glomac Bhd's Operating Income of RM36.6 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Glomac Bhd and its competitors. Glomac Bhd's current Operating Income is RM36.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glomac Bhd stock overvalued right now?
Based on GuruFocus' analysis, Glomac Bhd (XKLS:5020) is currently considered Fairly Valued. The stock's GF Value™ is RM0.32, compared to a current price of RM0.32 — trading right at its estimated fair value. The current Operating Income is RM36.6 Mil. Glomac Bhd's overall GF Score™ is 54/100 with 7 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 Glomac Bhd (XKLS:5020), the current Operating Income is RM36.6 Mil as of Apr. 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 Glomac Bhd (XKLS:5020) Overvalued in 2026?

Based on GuruFocus' analysis, Glomac Bhd stock appears to be undervalued. The current stock price of RM0.32 is trading 0% below its estimated GF Value™ of RM0.32. GuruFocus considers Glomac Bhd to be Fairly Valued.

Key valuation signals for XKLS:5020:

  • Operating Income: RM36.6 Mil
  • GF Value™: RM0.32 vs. price of RM0.32 (0% below fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the XKLS:5020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Glomac Bhd Business Description

Address Glomac Damansara, Level 15, Menara Glomac, Jalan Damansara, Kuala Lumpur, SGR, MYS, 60000
Glomac Bhd is a real estate development company. It is engaged in property development, construction of buildings, and property investment. The firm is organized into three areas of business. The Property development segment includes the development of residential land and commercial properties for sale and sale of land; Construction includes the construction of buildings, and Property investment includes the investment of land and buildings held for investment potential and rental income in the future. It derives the majority of its revenues from the property development segment. The group geographically operates and derives its income in Malaysia.
54GF Score

Get the complete analysis for XKLS:5020

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

RM0.32
Price
RM0.32
GF Value