AYS Ventures Bhd (XKLS:5021) Operating Income: RM4 Mil (TTM As of Mar. 2026)

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XKLS:5021 AYS Ventures Bhd XKLS:5021
27 GF Score
Price RM0.22
GF Value RM0.27
Valuation Modestly Undervalued
! 8 Warning Signs
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What is AYS Ventures Bhd Operating Income?

AYS Ventures Bhd XKLS:5021 27 Operating Income is RM4 Mil as of Mar. 2026. GuruFocus rates XKLS:5021 with a GF Score™ of 27/100 and a GF Value™ of RM0.27 (Modestly Undervalued). The stock has 8 warning signs investors should review.

AYS Ventures Bhd's Operating Income for the three months ended in Mar. 2026 was RM5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AYS Ventures Bhd's Operating Income for the three months ended in Mar. 2026 was RM5 Mil. AYS Ventures Bhd's Revenue for the three months ended in Mar. 2026 was RM250 Mil. Therefore, AYS Ventures Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 1.93%.

Warning Sign:

AYS Ventures Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -49.1%.

AYS Ventures Bhd's 5-Year average Growth Rate for Operating Margin % was -49.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AYS Ventures Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 2.35%. AYS Ventures Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.80%.


AYS Ventures Bhd  (XKLS:5021) Operating Income Explanation

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

AYS Ventures 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 )
=19.224 * ( 1 - 0% )/( (794.559 + 840.585)/ 2 )
=19.224/817.572
=2.35 %

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))
=1039.548 - 203.89 - ( 41.099 - max(0, 548.217 - 795.053+41.099))
=794.559

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))
=1098.124 - 220.52 - ( 37.019 - max(0, 593.627 - 839.238+37.019))
=840.585

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

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

AYS Ventures 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 )
=40.94/( ( (143.787 + max(550.064, 0)) + (148.728 + max(569.663, 0)) )/ 2 )
=40.94/( ( 693.851 + 718.391 )/ 2 )
=40.94/706.121
=5.80 %

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)
=(281.482 + 472.472 + 0) - (203.89 + 0 + 0)
=550.064

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(283.147 + 497.528 + 17.848) - (220.52 + 0 + 8.3399999999999)
=569.663

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 %:

AYS Ventures 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 )
=4.806/249.531
=1.93 %

* 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.


AYS Ventures Bhd Operating Income Related Terms


AYS Ventures Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for AYS Ventures 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.

AYS Ventures Bhd Operating Income Chart

AYS Ventures Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 166.91 80.33 54.90 8.74 4.51

AYS Ventures 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 6.79 0.52 -6.46 4.93 4.81
XKLS:5021
27GF Score
AYS Ventures Bhd XKLS:5021
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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AYS Ventures 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 RM4 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 RM4 Mil mean?
AYS Ventures Bhd (XKLS:5021) has a Operating Income of RM4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AYS Ventures Bhd and its competitors.
Is AYS Ventures Bhd's Operating Income too high?
AYS Ventures Bhd's current Operating Income is RM4 Mil. Overall, AYS Ventures Bhd has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AYS Ventures Bhd's Operating Income compare to NUE and STLD?
AYS Ventures Bhd's Operating Income of RM4 Mil can be compared against companies in the Steel 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 Steel company?
A good Operating Income depends on the Steel 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 AYS Ventures Bhd and its competitors. AYS Ventures Bhd's current Operating Income is RM4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AYS Ventures Bhd stock overvalued right now?
Based on GuruFocus' analysis, AYS Ventures Bhd (XKLS:5021) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.27, compared to a current price of RM0.22 — trading 20.4% below its estimated fair value. The current Operating Income is RM4 Mil. AYS Ventures Bhd's overall GF Score™ is 27/100 with 8 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 AYS Ventures Bhd (XKLS:5021), the current Operating Income is RM4 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 AYS Ventures Bhd (XKLS:5021) Overvalued in 2026?

Based on GuruFocus' analysis, AYS Ventures Bhd stock appears to be undervalued. The current stock price of RM0.22 is trading 20.4% below its estimated GF Value™ of RM0.27. GuruFocus considers AYS Ventures Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5021:

  • Operating Income: RM4 Mil
  • GF Value™: RM0.27 vs. price of RM0.22 (20.4% below fair value)
  • GF Score™: 27/100 with 8 warning signs

No single metric tells the full story. See the XKLS:5021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AYS Ventures Bhd Business Description

Address Jalan Haji Abdul Manan, Lot 6488, Klang, SGR, MYS, 42100
AYS Ventures Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the trading and manufacturing of steel, construction, and related products. The group's operating business segments are Trading and services, Manufacturing, and Others. The majority of its revenue is generated from the Trading and services segment, which is engaged in trading and marketing of steel products and all types of construction materials, warehousing, and storage services. The Manufacturing segment is involved in the manufacturing and trading of purlin, structural steel components, and other steel products. Geographically, the group generates maximum revenue from Malaysia, followed by Singapore, the Asia-Pacific Economic Cooperation countries, and other countries.
27GF Score

Get the complete analysis for XKLS:5021

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

RM0.22
Price
RM0.27
GF Value