Parkson Holdings Bhd (XKLS:5657) Operating Income: RM452 Mil (TTM As of Mar. 2026)

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XKLS:5657 Parkson Holdings Bhd XKLS:5657
22 GF Score
Price RM0.17
GF Value RM0.20
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Parkson Holdings Bhd Operating Income?

Parkson Holdings Bhd XKLS:5657 22 Operating Income is RM452 Mil as of Mar. 2026. GuruFocus rates XKLS:5657 with a GF Score™ of 22/100 and a GF Value™ of RM0.20 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Parkson Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM155 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM452 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Parkson Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM155 Mil. Parkson Holdings Bhd's Revenue for the three months ended in Mar. 2026 was RM693 Mil. Therefore, Parkson Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 22.33%.

Warning Sign:

Parkson Holdings Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -2.6%.

Parkson Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was -2.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Parkson Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 6.49%. Parkson Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.66%.


Parkson Holdings Bhd  (XKLS:5657) Operating Income Explanation

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

Parkson Holdings 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 )
=618.928 * ( 1 - 31.42% )/( (6606.166 + 6465.009)/ 2 )
=424.4608224/6535.5875
=6.49 %

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))
=7734.865 - 908.063 - ( 1302.878 - max(0, 1928.839 - 2149.475+1302.878))
=6606.166

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))
=7870.354 - 1065.748 - ( 1485.427 - max(0, 1967.912 - 2307.509+1485.427))
=6465.009

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

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

Parkson Holdings 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 )
=659.196/( ( (3542.765 + max(-547.519, 0)) + (3523.031 + max(-575.5, 0)) )/ 2 )
=659.196/( ( 3542.765 + 3523.031 )/ 2 )
=659.196/3532.898
=18.66 %

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)
=(266.388 + 238.037 + 287.422) - (908.063 + 0 + 431.303)
=-547.519

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(590.686 + 231.396 + 0) - (1065.748 + 0 + 331.834)
=-575.5

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 %:

Parkson Holdings 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 )
=154.732/692.808
=22.33 %

* 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.


Parkson Holdings Bhd Operating Income Related Terms


Parkson Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Parkson Holdings 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.

Parkson Holdings Bhd Operating Income Chart

Parkson Holdings Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -396.83 -336.59 -253.89 -331.86 -358.28

Parkson Holdings Bhd Quarterly Data
Mar21 Jun21 Sep21 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 146.17 115.10 72.09 110.57 154.73
XKLS:5657
22GF Score
Parkson Holdings Bhd XKLS:5657
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Parkson Holdings 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 RM452 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 RM452 Mil mean?
Parkson Holdings Bhd (XKLS:5657) has a Operating Income of RM452 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Parkson Holdings Bhd and its competitors.
Is Parkson Holdings Bhd's Operating Income too high?
Parkson Holdings Bhd's current Operating Income is RM452 Mil. Overall, Parkson Holdings Bhd has a GF Score™ of 22/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Parkson Holdings Bhd's Operating Income compare to DDS?
Parkson Holdings Bhd's Operating Income of RM452 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Parkson Holdings Bhd and its competitors. Parkson Holdings Bhd's current Operating Income is RM452 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parkson Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Parkson Holdings Bhd (XKLS:5657) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.20, compared to a current price of RM0.17 — trading 17.5% below its estimated fair value. The current Operating Income is RM452 Mil. Parkson Holdings Bhd's overall GF Score™ is 22/100 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 Parkson Holdings Bhd (XKLS:5657), the current Operating Income is RM452 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 Parkson Holdings Bhd (XKLS:5657) Overvalued in 2026?

Based on GuruFocus' analysis, Parkson Holdings Bhd stock appears to be undervalued. The current stock price of RM0.17 is trading 17.5% below its estimated GF Value™ of RM0.20. GuruFocus considers Parkson Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5657:

  • Operating Income: RM452 Mil
  • GF Value™: RM0.20 vs. price of RM0.17 (17.5% below fair value)
  • GF Score™: 22/100 with 6 warning signs

No single metric tells the full story. See the XKLS:5657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Parkson Holdings Bhd Business Description

Address No. 1 Jalan Nagasari, Level 14, Lion Office Tower, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50200
Parkson Holdings Bhd is a Malaysian based company which is engaged in operating and managing departmental stores. It operates under "Parkson" brand. The stores offer well known international brands of fashion and lifestyle-related merchandise in Fashion & Apparel, Cosmetics & Accessories, Household & Electrical, and Groceries and Perishables. The company operates its business in segments namely Retailing and Others. A the key part of its revenue is from the Retailing segment engaged in Operation and management of retail stores and properties in Malaysia and PRC; and Others segments include credit services, food and beverage businesses, and investment holding. The company generates its revenue from the operation of stores, which comes from China.
22GF Score

Get the complete analysis for XKLS:5657

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

RM0.17
Price
RM0.20
GF Value