XL Holdings Bhd (XKLS:7121) Operating Income: RM10.8 Mil (TTM As of Apr. 2026)

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XKLS:7121 XL Holdings Bhd XKLS:7121
50 GF Score
Price RM0.82
GF Value RM0.56
Valuation Significantly Overvalued
! 11 Warning Signs
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What is XL Holdings Bhd Operating Income?

XL Holdings Bhd XKLS:7121 -0.61% 50 Operating Income is RM10.8 Mil as of Apr. 2026. GuruFocus rates XKLS:7121 with a GF Score™ of 50/100 and a GF Value™ of RM0.56 (Significantly Overvalued). The stock has 11 warning signs investors should review.

XL Holdings Bhd's Operating Income for the three months ended in Apr. 2026 was RM4.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was RM10.8 Mil.

Warning Sign:

XL Holdings Bhd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. XL Holdings Bhd's Operating Income for the three months ended in Apr. 2026 was RM4.7 Mil. XL Holdings Bhd's Revenue for the three months ended in Apr. 2026 was RM35.4 Mil. Therefore, XL Holdings Bhd's Operating Margin % for the quarter that ended in Apr. 2026 was 13.23%.

XL 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. XL Holdings Bhd's annualized ROC % for the quarter that ended in Apr. 2026 was 7.03%. XL Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 8.88%.


XL Holdings Bhd  (XKLS:7121) Operating Income Explanation

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

XL Holdings 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 )
=18.724 * ( 1 - 17.59% )/( (205.402 + 233.742)/ 2 )
=15.4304484/219.572
=7.03 %

where

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

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

XL Holdings 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 )
=18.724/( ( (99.783 + max(97.002, 0)) + (133.473 + max(91.298, 0)) )/ 2 )
=18.724/( ( 196.785 + 224.771 )/ 2 )
=18.724/210.778
=8.88 %

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)
=(59.589 + 39.801 + 0.137) - (2.429 + 0 + 0.096)
=97.002

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(52.842 + 45.239 + 0) - (6.161 + 0 + 0.622)
=91.298

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 %:

XL Holdings 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 )
=4.681/35.393
=13.23 %

* 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.


XL Holdings Bhd Operating Income Related Terms


XL Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for XL 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.

XL Holdings Bhd Operating Income Chart

XL Holdings Bhd Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Apr24 Apr25 Apr26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.94 8.79 10.64 10.87

XL Holdings Bhd Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 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 2.88 2.20 1.96 2.00 4.68
XKLS:7121
50GF Score
XL Holdings Bhd XKLS:7121
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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XL 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM10.8 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 RM10.8 Mil mean?
XL Holdings Bhd (XKLS:7121) has a Operating Income of RM10.8 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on XL Holdings Bhd and its competitors.
Is XL Holdings Bhd's Operating Income too high?
XL Holdings Bhd's current Operating Income is RM10.8 Mil. Overall, XL Holdings Bhd has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XL Holdings Bhd's Operating Income compare to ADM and BG?
XL Holdings Bhd's Operating Income of RM10.8 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 XL Holdings Bhd and its competitors. XL Holdings Bhd's current Operating Income is RM10.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XL Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, XL Holdings Bhd (XKLS:7121) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.56, compared to a current price of RM0.82 — trading 46.4% above its estimated fair value. The current Operating Income is RM10.8 Mil. XL Holdings Bhd's overall GF Score™ is 50/100 with 11 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 XL Holdings Bhd (XKLS:7121), the current Operating Income is RM10.8 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 XL Holdings Bhd (XKLS:7121) Overvalued in 2026?

Based on GuruFocus' analysis, XL Holdings Bhd stock appears to be overvalued. The current stock price of RM0.82 is trading 46.4% above its estimated GF Value™ of RM0.56. GuruFocus considers XL Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7121:

  • Operating Income: RM10.8 Mil
  • GF Value™: RM0.56 vs. price of RM0.82 (46.4% above fair value)
  • GF Score™: 50/100 with 11 warning signs

No single metric tells the full story. See the XKLS:7121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XL Holdings Bhd Business Description

Address No. 1, Jalan Desa Kiara, B-09-09, Gateway Corporate Suites Gateway Kiaramas, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480
XL Holdings Bhd is an investment company that engages in the provision of management services. The company's operating segment includes Fish farming, Merchandise, Edible bird nest, Foods, Investment holding, and Growing crop. The Foods segment, which is into the Manufacturing and trading of edible foods, generates the majority of its revenue. Fish farming is into Breeding and rearing of fishery livestock. Merchandise segment in into trading of fish, consumables, and aquarium accessories. The edible bird nest segment is into the trading and distribution of edible bird nest. Growing crop: Growing a crop of pineapple.
50GF Score

Get the complete analysis for XKLS:7121

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

RM0.82
Price
RM0.56
GF Value