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M & A Equity Holdings Bhd (XKLS:7082) Operating Income : RM21.25 Mil (TTM As of Mar. 2024)


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What is M & A Equity Holdings Bhd Operating Income?

M & A Equity Holdings Bhd's Operating Income for the three months ended in Mar. 2024 was RM6.92 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was RM21.25 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. M & A Equity Holdings Bhd's Operating Income for the three months ended in Mar. 2024 was RM6.92 Mil. M & A Equity Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM13.07 Mil. Therefore, M & A Equity Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2024 was 52.99%.

M & A Equity Holdings 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. M & A Equity Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2024 was 6.47%. M & A Equity Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 19.41%.


M & A Equity Holdings Bhd Operating Income Historical Data

The historical data trend for M & A Equity 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.

* Premium members only.

M & A Equity Holdings Bhd Operating Income Chart

M & A Equity Holdings Bhd Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jun23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -54.31 -24.01 8.54 -1.89 -

M & A Equity Holdings Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Sep23 Dec23 Mar24
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 -1.37 -0.26 7.86 6.73 6.92

M & A Equity 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM21.25 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.


M & A Equity Holdings Bhd  (XKLS:7082) Operating Income Explanation

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

M & A Equity Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=27.696 * ( 1 - 31.37% )/( (300.316 + 287.077)/ 2 )
=19.0077648/293.6965
=6.47 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=598.814 - 142.481 - ( 156.017 - max(0, 156.051 - 460.299+156.017))
=300.316

Invested Capital(Q: Mar. 2024 )
=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))
=557.282 - 96.915 - ( 173.29 - max(0, 109.979 - 418.292+173.29))
=287.077

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

M & A Equity Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=27.696/( ( (7.421 + max(141.739, 0)) + (7.477 + max(128.738, 0)) )/ 2 )
=27.696/( ( 149.16 + 136.215 )/ 2 )
=27.696/142.6875
=19.41 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(272.586 + 10.066 + 1.568) - (142.481 + 0 + 0)
=141.739

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(213.864 + 10.066 + 1.723) - (96.915 + 0 + -1.4210854715202E-14)
=128.738

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

M & A Equity Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=6.924/13.066
=52.99 %

* 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.


M & A Equity Holdings Bhd Operating Income Related Terms

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M & A Equity Holdings Bhd (XKLS:7082) Business Description

Traded in Other Exchanges
N/A
Address
No. 47-11, The Boulevard Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur, SGR, MYS, 43500
M & A Equity Holdings Bhd is an investment holding company. The company's segments include Financial Service, Property Investment and development and Investment Holding. The Financial services segment represents the company's business, offering a range of financial services to its clients, comprising stock brokerage services, corporate finance advisory services as well as margin financing services to complement its stockbroking business. The property investment and development segment includes the developer of high-rise residential project. The investment holding segment functions as a supporting division to the Group. Its Investment Holding segment activities include corporate and management services to the Group. The company earns majority of its revenue from Financial Services.

M & A Equity Holdings Bhd (XKLS:7082) Headlines

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