TRC Synergy Bhd (XKLS:5054) Operating Income: RM12.3 Mil (TTM As of Mar. 2026)

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XKLS:5054 TRC Synergy Bhd XKLS:5054
52 GF Score
Price RM0.27
GF Value RM0.25
Valuation Fairly Valued
! 6 Warning Signs
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What is TRC Synergy Bhd Operating Income?

TRC Synergy Bhd XKLS:5054 -1.82% 52 Operating Income is RM12.3 Mil as of Mar. 2026. GuruFocus rates XKLS:5054 with a GF Score™ of 52/100 and a GF Value™ of RM0.25 (Fairly Valued). The stock has 6 warning signs investors should review.

TRC Synergy Bhd's Operating Income for the three months ended in Mar. 2026 was RM1.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM12.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TRC Synergy Bhd's Operating Income for the three months ended in Mar. 2026 was RM1.2 Mil. TRC Synergy Bhd's Revenue for the three months ended in Mar. 2026 was RM73.2 Mil. Therefore, TRC Synergy Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 1.67%.

Warning Sign:

TRC Synergy Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -5.6%.

TRC Synergy Bhd's 5-Year average Growth Rate for Operating Margin % was -5.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TRC Synergy Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 0.78%. TRC Synergy Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.43%.


TRC Synergy Bhd  (XKLS:5054) Operating Income Explanation

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

TRC Synergy 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 )
=4.88 * ( 1 - 24.61% )/( (532.611 + 415.255)/ 2 )
=3.679032/473.933
=0.78 %

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))
=873.148 - 93.368 - ( 247.169 - max(0, 241.144 - 605.665+247.169))
=532.611

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))
=831.762 - 94.492 - ( 322.015 - max(0, 194.404 - 559.932+322.015))
=415.255

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

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

TRC Synergy 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 )
=13.284/( ( (194.131 + max(80.754, 0)) + (197.977 + max(16.012, 0)) )/ 2 )
=13.284/( ( 274.885 + 213.989 )/ 2 )
=13.284/244.437
=5.43 %

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)
=(131.106 + 63.126 + 125.636) - (93.368 + 0 + 145.746)
=80.754

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.302 + 72.629 + 0.51300000000003) - (94.492 + 0 + 97.94)
=16.012

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 %:

TRC Synergy 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 )
=1.22/73.217
=1.67 %

* 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.


TRC Synergy Bhd Operating Income Related Terms


TRC Synergy Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for TRC Synergy 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.

TRC Synergy Bhd Operating Income Chart

TRC Synergy Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.67 30.74 10.99 11.98 9.10

TRC Synergy 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 2.54 9.54 1.74 -0.25 1.22
XKLS:5054
52GF Score
TRC Synergy Bhd XKLS:5054
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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TRC Synergy 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 RM12.3 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 RM12.3 Mil mean?
TRC Synergy Bhd (XKLS:5054) has a Operating Income of RM12.3 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TRC Synergy Bhd and its competitors.
Is TRC Synergy Bhd's Operating Income too high?
TRC Synergy Bhd's current Operating Income is RM12.3 Mil. Overall, TRC Synergy Bhd has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TRC Synergy Bhd's Operating Income compare to PWR and FIX?
TRC Synergy Bhd's Operating Income of RM12.3 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 TRC Synergy Bhd and its competitors. TRC Synergy Bhd's current Operating Income is RM12.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRC Synergy Bhd stock overvalued right now?
Based on GuruFocus' analysis, TRC Synergy Bhd (XKLS:5054) is currently considered Fairly Valued. The stock's GF Value™ is RM0.25, compared to a current price of RM0.27 — trading 8% above its estimated fair value. The current Operating Income is RM12.3 Mil. TRC Synergy Bhd's overall GF Score™ is 52/100 with 6 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 TRC Synergy Bhd (XKLS:5054), the current Operating Income is RM12.3 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.

Is TRC Synergy Bhd (XKLS:5054) Overvalued in 2026?

Based on GuruFocus' analysis, TRC Synergy Bhd stock appears to be overvalued. The current stock price of RM0.27 is trading 8% above its estimated GF Value™ of RM0.25. GuruFocus considers TRC Synergy Bhd to be Fairly Valued.

Key valuation signals for XKLS:5054:

  • Operating Income: RM12.3 Mil
  • GF Value™: RM0.25 vs. price of RM0.27 (8% above fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the XKLS:5054 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRC Synergy Bhd Business Description

Address Jalan Andaman Utama, TRC Business Centre, Ampang, SGR, MYS, 68000
TRC Synergy Bhd is an investment holding company. The firm's operating segments include: Construction activities where it involves the construction contracts, sales of construction related materials, rendering of construction related services and other; Property development which involves development of residential properties; Hotel operations where it includes hotel related operations; and Others Investment holdings. The Construction Activities generates majority revenue. Geographically, it operates in Malaysia, and Australia. It derives maximum revenue from Malaysia.
52GF Score

Get the complete analysis for XKLS:5054

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

RM0.27
Price
RM0.25
GF Value