Kobay Technology Bhd (XKLS:6971) Operating Income: RM49.1 Mil (TTM As of Mar. 2026)

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XKLS:6971 Kobay Technology Bhd XKLS:6971
76 GF Score
Price RM2.22
GF Value RM1.89
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Kobay Technology Bhd Operating Income?

Kobay Technology Bhd XKLS:6971 -5.53% 76 Operating Income is RM49.1 Mil as of Mar. 2026. GuruFocus rates XKLS:6971 with a GF Score™ of 76/100 and a GF Value™ of RM1.89 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Kobay Technology Bhd's Operating Income for the three months ended in Mar. 2026 was RM17.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM49.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kobay Technology Bhd's Operating Income for the three months ended in Mar. 2026 was RM17.0 Mil. Kobay Technology Bhd's Revenue for the three months ended in Mar. 2026 was RM145.0 Mil. Therefore, Kobay Technology Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 11.76%.

Kobay Technology 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. Kobay Technology Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 11.07%. Kobay Technology Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.52%.


Kobay Technology Bhd  (XKLS:6971) Operating Income Explanation

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

Kobay Technology 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 )
=68.18 * ( 1 - 16.68% )/( (507.841 + 518.77)/ 2 )
=56.807576/513.3055
=11.07 %

where

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

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

Kobay Technology 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 )
=78.812/( ( (205.429 + max(171.72, 0)) + (213.12 + max(177.898, 0)) )/ 2 )
=78.812/( ( 377.149 + 391.018 )/ 2 )
=78.812/384.0835
=20.52 %

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)
=(104.99 + 164.511 + 22.034) - (114.75 + 0 + 5.065)
=171.72

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133.025 + 167.635 + 19.751) - (134.12 + 0 + 8.393)
=177.898

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 %:

Kobay Technology 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 )
=17.045/144.997
=11.76 %

* 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.


Kobay Technology Bhd Operating Income Related Terms


Kobay Technology Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Kobay Technology 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.

Kobay Technology Bhd Operating Income Chart

Kobay Technology Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.09 66.98 36.88 22.59 -14.96

Kobay Technology 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 0.64 3.20 13.49 15.38 17.05
XKLS:6971
76GF Score
Kobay Technology Bhd XKLS:6971
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kobay Technology 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 RM49.1 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 RM49.1 Mil mean?
Kobay Technology Bhd (XKLS:6971) has a Operating Income of RM49.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kobay Technology Bhd and its competitors.
Is Kobay Technology Bhd's Operating Income too high?
Kobay Technology Bhd's current Operating Income is RM49.1 Mil. Overall, Kobay Technology Bhd has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kobay Technology Bhd's Operating Income compare to CRS and ATI?
Kobay Technology Bhd's Operating Income of RM49.1 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Kobay Technology Bhd and its competitors. Kobay Technology Bhd's current Operating Income is RM49.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobay Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kobay Technology Bhd (XKLS:6971) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.89, compared to a current price of RM2.22 — trading 17.5% above its estimated fair value. The current Operating Income is RM49.1 Mil. Kobay Technology Bhd's overall GF Score™ is 76/100 with 5 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 Kobay Technology Bhd (XKLS:6971), the current Operating Income is RM49.1 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 Kobay Technology Bhd (XKLS:6971) Overvalued in 2026?

Based on GuruFocus' analysis, Kobay Technology Bhd stock appears to be overvalued. The current stock price of RM2.22 is trading 17.5% above its estimated GF Value™ of RM1.89. GuruFocus considers Kobay Technology Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:6971:

  • Operating Income: RM49.1 Mil
  • GF Value™: RM1.89 vs. price of RM2.22 (17.5% above fair value)
  • GF Score™: 76/100 with 5 warning signs

No single metric tells the full story. See the XKLS:6971 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kobay Technology Bhd Business Description

Address No. 42-B Jalan Rangoon, 3rd Floor, Wisma Kobay, Georgetown, PNG, MYS, 10400
Kobay Technology Bhd is an investment holding company. Along with its subsidiaries, the company operates in the following segments: Manufacturing, Property development, Pharmaceutical and healthcare, Asset Management, Investment holding, and Others. It generates maximum revenue from the Manufacturing segment, which is engaged in the manufacturing of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment, and components and sub-assemblies for aerospace parts. Geographically, it derives key revenue from Malaysia and the rest from Singapore, the USA, and other regions.
76GF Score

Get the complete analysis for XKLS:6971

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

RM2.22
Price
RM1.89
GF Value