Marine & General Bhd (XKLS:5078) Operating Income: RM51.6 Mil (TTM As of Apr. 2026)

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XKLS:5078 Marine & General Bhd XKLS:5078
24 GF Score
Price RM0.27
GF Value RM0.25
Valuation Fairly Valued
! 4 Warning Signs
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What is Marine & General Bhd Operating Income?

Marine & General Bhd XKLS:5078 -1.82% 24 Operating Income is RM51.6 Mil as of Apr. 2026. GuruFocus rates XKLS:5078 with a GF Score™ of 24/100 and a GF Value™ of RM0.25 (Fairly Valued). The stock has 4 warning signs investors should review.

Marine & General Bhd's Operating Income for the three months ended in Apr. 2026 was RM-9.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was RM51.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Marine & General Bhd's Operating Income for the three months ended in Apr. 2026 was RM-9.1 Mil. Marine & General Bhd's Revenue for the three months ended in Apr. 2026 was RM66.7 Mil. Therefore, Marine & General Bhd's Operating Margin % for the quarter that ended in Apr. 2026 was -13.63%.

Marine & General 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. Marine & General Bhd's annualized ROC % for the quarter that ended in Apr. 2026 was 0.00%. Marine & General Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 5.66%.


Marine & General Bhd  (XKLS:5078) Operating Income Explanation

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

Marine & General 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 )
=-36.376 * ( 1 - 100% )/( (748.588 + 747.541)/ 2 )
=-0/748.0645
=0.00 %

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))
=829.067 - 43.988 - ( 36.491 - max(0, 160.021 - 229.761+36.491))
=748.588

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))
=802.939 - 50.549 - ( 23.159 - max(0, 163.729 - 168.578+23.159))
=747.541

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

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

Marine & General 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 )
=35.98/( ( (581.452 + max(38.943, 0)) + (629.629 + max(20.839, 0)) )/ 2 )
=35.98/( ( 620.395 + 650.468 )/ 2 )
=35.98/635.4315
=5.66 %

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)
=(91.481 + 14.164 + 8.781) - (43.988 + 0 + 31.495)
=38.943

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.751 + 12.593 + 11.84) - (50.549 + 0 + 27.796)
=20.839

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 %:

Marine & General 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 )
=-9.094/66.736
=-13.63 %

* 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.


Marine & General Bhd Operating Income Related Terms


Marine & General Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Marine & General 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.

Marine & General Bhd Operating Income Chart

Marine & General Bhd Annual Data
Trend Jul14 Dec16 Dec17 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.52 103.17 103.15 52.75 51.59

Marine & General 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 -5.01 30.36 19.11 11.22 -9.09
XKLS:5078
24GF Score
Marine & General Bhd XKLS:5078
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Marine & General 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 RM51.6 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 RM51.6 Mil mean?
Marine & General Bhd (XKLS:5078) has a Operating Income of RM51.6 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Marine & General Bhd and its competitors.
Is Marine & General Bhd's Operating Income too high?
Marine & General Bhd's current Operating Income is RM51.6 Mil. Overall, Marine & General Bhd has a GF Score™ of 24/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marine & General Bhd's Operating Income compare to SLB and BKR?
Marine & General Bhd's Operating Income of RM51.6 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Marine & General Bhd and its competitors. Marine & General Bhd's current Operating Income is RM51.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marine & General Bhd stock overvalued right now?
Based on GuruFocus' analysis, Marine & General Bhd (XKLS:5078) 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 RM51.6 Mil. Marine & General Bhd's overall GF Score™ is 24/100 with 4 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 Marine & General Bhd (XKLS:5078), the current Operating Income is RM51.6 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 Marine & General Bhd (XKLS:5078) Overvalued in 2026?

Based on GuruFocus' analysis, Marine & General 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 Marine & General Bhd to be Fairly Valued.

Key valuation signals for XKLS:5078:

  • Operating Income: RM51.6 Mil
  • GF Value™: RM0.25 vs. price of RM0.27 (8% above fair value)
  • GF Score™: 24/100 with 4 warning signs

No single metric tells the full story. See the XKLS:5078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marine & General Bhd Business Description

Industry EnergyOil & Gas
Address No. 1, Jalan Tun Mohd Fuad, Level 23, Menara Kenari, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000
Marine & General Bhd is an investment holding company. Through its subsidiary, it is engaged in business activities of provision of offshore marine support services, marine logistics services, and tanker management services. Its operating segments include Marine Logistics - Upstream, which is the key revenue driver; and Marine Logistics - Downstream. The company generates the majority of its revenue from Malaysia.
24GF Score

Get the complete analysis for XKLS:5078

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