Bermaz Auto Bhd (XKLS:5248) Operating Income: RM199 Mil (TTM As of Apr. 2026)

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XKLS:5248 Bermaz Auto Bhd XKLS:5248
84 GF Score
Price RM1.00
GF Value RM1.24
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Bermaz Auto Bhd Operating Income?

Bermaz Auto Bhd XKLS:5248 84 Operating Income is RM199 Mil as of Apr. 2026. GuruFocus rates XKLS:5248 with a GF Score™ of 84/100 and a GF Value™ of RM1.24 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Bermaz Auto Bhd's Operating Income for the three months ended in Apr. 2026 was RM65 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was RM199 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bermaz Auto Bhd's Operating Income for the three months ended in Apr. 2026 was RM65 Mil. Bermaz Auto Bhd's Revenue for the three months ended in Apr. 2026 was RM545 Mil. Therefore, Bermaz Auto Bhd's Operating Margin % for the quarter that ended in Apr. 2026 was 11.89%.

Good Sign:

Bermaz Auto Bhd operating margin is expanding. Margin expansion is usually a good sign.

Bermaz Auto Bhd's 5-Year average Growth Rate for Operating Margin % was 8.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bermaz Auto Bhd's annualized ROC % for the quarter that ended in Apr. 2026 was 21.03%. Bermaz Auto Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 66.32%.


Bermaz Auto Bhd  (XKLS:5248) Operating Income Explanation

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

Bermaz Auto 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 )
=259.028 * ( 1 - 26.23% )/( (856.728 + 960.808)/ 2 )
=191.0849556/908.768
=21.03 %

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))
=1559.584 - 268.032 - ( 434.824 - max(0, 411.616 - 1041.877+434.824))
=856.728

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))
=1655.168 - 270.45 - ( 423.91 - max(0, 481.209 - 1130.836+423.91))
=960.808

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

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

Bermaz Auto 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 )
=278.896/( ( (151.356 + max(209.81, 0)) + (167.893 + max(312.017, 0)) )/ 2 )
=278.896/( ( 361.166 + 479.91 )/ 2 )
=278.896/420.538
=66.32 %

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)
=(157.656 + 433.445 + 15.952) - (268.032 + 0 + 129.211)
=209.81

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(139.903 + 560.532 + 6.491) - (270.45 + 0 + 124.459)
=312.017

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 %:

Bermaz Auto 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 )
=64.757/544.673
=11.89 %

* 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.


Bermaz Auto Bhd Operating Income Related Terms


Bermaz Auto Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Bermaz Auto 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.

Bermaz Auto Bhd Operating Income Chart

Bermaz Auto 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 169.91 335.92 355.44 212.22 198.91

Bermaz Auto 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 35.45 28.82 35.18 70.15 64.76
XKLS:5248
84GF Score
Bermaz Auto Bhd XKLS:5248
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bermaz Auto 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 RM199 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 RM199 Mil mean?
Bermaz Auto Bhd (XKLS:5248) has a Operating Income of RM199 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bermaz Auto Bhd and its competitors.
Is Bermaz Auto Bhd's Operating Income too high?
Bermaz Auto Bhd's current Operating Income is RM199 Mil. Overall, Bermaz Auto Bhd has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bermaz Auto Bhd's Operating Income compare to CVNA and PAG?
Bermaz Auto Bhd's Operating Income of RM199 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 Bermaz Auto Bhd and its competitors. Bermaz Auto Bhd's current Operating Income is RM199 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bermaz Auto Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bermaz Auto Bhd (XKLS:5248) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.24, compared to a current price of RM1.00 — trading 19.4% below its estimated fair value. The current Operating Income is RM199 Mil. Bermaz Auto Bhd's overall GF Score™ is 84/100 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 Bermaz Auto Bhd (XKLS:5248), the current Operating Income is RM199 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 Bermaz Auto Bhd (XKLS:5248) Overvalued in 2026?

Based on GuruFocus' analysis, Bermaz Auto Bhd stock appears to be undervalued. The current stock price of RM1.00 is trading 19.4% below its estimated GF Value™ of RM1.24. GuruFocus considers Bermaz Auto Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5248:

  • Operating Income: RM199 Mil
  • GF Value™: RM1.24 vs. price of RM1.00 (19.4% below fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the XKLS:5248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bermaz Auto Bhd Business Description

Address Jalan Pelukis U1/46, No. 7, Temasya Industrial Park, Seksyen U1, Shah Alam, SGR, MYS, 40150
Bermaz Auto Bhd, along with its subsidiaries, is engaged in the distribution and retailing of Mazda, Kia, and XPeng vehicles as well as providing their respective spare parts and after-sales services. Geographically, the group generates maximum revenue from Malaysia, and the rest from Philippines.
84GF Score

Get the complete analysis for XKLS:5248

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

RM1.00
Price
RM1.24
GF Value