Shin Yang Group Bhd (XKLS:5173) Operating Income: RM167 Mil (TTM As of Mar. 2026)

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XKLS:5173 Shin Yang Group Bhd XKLS:5173
68 GF Score
Price RM0.75
GF Value RM1.44
Valuation Significantly Undervalued
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What is Shin Yang Group Bhd Operating Income?

Shin Yang Group Bhd XKLS:5173 +1.35% 68 Operating Income is RM167 Mil as of Mar. 2026. GuruFocus rates XKLS:5173 with a GF Score™ of 68/100 and a GF Value™ of RM1.44 (Significantly Undervalued).

Shin Yang Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM43 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM167 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shin Yang Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM43 Mil. Shin Yang Group Bhd's Revenue for the three months ended in Mar. 2026 was RM460 Mil. Therefore, Shin Yang Group Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 9.34%.

Shin Yang Group 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. Shin Yang Group Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 11.64%. Shin Yang Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.36%.


Shin Yang Group Bhd  (XKLS:5173) Operating Income Explanation

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

Shin Yang Group 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 )
=171.756 * ( 1 - 11.06% )/( (1328.445 + 1295.17)/ 2 )
=152.7597864/1311.8075
=11.64 %

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))
=2077.452 - 231.571 - ( 517.436 - max(0, 381.186 - 1006.724+517.436))
=1328.445

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))
=2078.345 - 241.99 - ( 541.185 - max(0, 348.996 - 995.702+541.185))
=1295.17

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

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

Shin Yang Group 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 )
=184.868/( ( (1022.661 + max(105.863, 0)) + (1039.652 + max(91.655, 0)) )/ 2 )
=184.868/( ( 1128.524 + 1131.307 )/ 2 )
=184.868/1129.9155
=16.36 %

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)
=(268.249 + 84.165 + 41.497) - (231.571 + 0 + 56.477)
=105.863

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(249.363 + 105.049 + 0.66500000000008) - (241.99 + 0 + 21.432)
=91.655

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 %:

Shin Yang Group 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 )
=42.939/459.926
=9.34 %

* 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.


Shin Yang Group Bhd Operating Income Related Terms


Shin Yang Group Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Shin Yang Group 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.

Shin Yang Group Bhd Operating Income Chart

Shin Yang Group Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -81.13 10.82 156.99 160.85 84.86

Shin Yang Group 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 64.63 48.50 18.70 56.66 42.94
XKLS:5173
68GF Score
Shin Yang Group Bhd XKLS:5173
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin Yang Group 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 RM167 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 RM167 Mil mean?
Shin Yang Group Bhd (XKLS:5173) has a Operating Income of RM167 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shin Yang Group Bhd and its competitors.
Is Shin Yang Group Bhd's Operating Income too high?
Shin Yang Group Bhd's current Operating Income is RM167 Mil. Overall, Shin Yang Group Bhd has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Yang Group Bhd's Operating Income compare to competitors?
Shin Yang Group Bhd's Operating Income of RM167 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Shin Yang Group Bhd and its competitors. Shin Yang Group Bhd's current Operating Income is RM167 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Yang Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Shin Yang Group Bhd (XKLS:5173) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.44, compared to a current price of RM0.75 — trading 47.9% below its estimated fair value. The current Operating Income is RM167 Mil. Shin Yang Group Bhd's overall GF Score™ is 68/100. 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 Shin Yang Group Bhd (XKLS:5173), the current Operating Income is RM167 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 Shin Yang Group Bhd (XKLS:5173) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Yang Group Bhd stock appears to be undervalued. The current stock price of RM0.75 is trading 47.9% below its estimated GF Value™ of RM1.44. GuruFocus considers Shin Yang Group Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5173:

  • Operating Income: RM167 Mil
  • GF Value™: RM1.44 vs. price of RM0.75 (47.9% below fair value)
  • GF Score™: 68/100

No single metric tells the full story. See the XKLS:5173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Yang Group Bhd Business Description

Address Sublot 153, Parent Lot 70, Jalan Kuala Baram, Kuala Baram, Miri, SWK, MYS, 98100
Shin Yang Group Bhd core business operations span shipping, shipbuilding, and ship repair. Its shipping division is diversified across multiple segments, including dry bulk, liquid bulk, containerised cargo, coastal shipping, barge and tug operations, as well as regional logistics with door-to-door solutions. Its segments are: Shipbuilding, ship repair and fabrication of metal structures; Shipping, which carries out shipping business in coastal and regional routes within Malaysia and ASEAN region and international routes; Land transportation and hiring services; Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance, and trading in welding equipment and machinery; Automotive dealership, which generates maximum revenue; and Others.
68GF Score

Get the complete analysis for XKLS:5173

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

RM0.75
Price
RM1.44
GF Value