Wellcall Holdings Bhd (XKLS:7231) Operating Income: RM51.0 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:7231 Wellcall Holdings Bhd XKLS:7231
77 GF Score
Price RM1.12
GF Value RM1.27
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Wellcall Holdings Bhd Operating Income?

Wellcall Holdings Bhd XKLS:7231 77 Operating Income is RM51.0 Mil as of Mar. 2026. GuruFocus rates XKLS:7231 with a GF Score™ of 77/100 and a GF Value™ of RM1.27 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Wellcall Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM9.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM51.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wellcall Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM9.5 Mil. Wellcall Holdings Bhd's Revenue for the three months ended in Mar. 2026 was RM38.9 Mil. Therefore, Wellcall Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 24.43%.

Good Sign:

Wellcall Holdings Bhd operating margin is expanding. Margin expansion is usually a good sign.

Wellcall 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. Wellcall Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 24.97%. Wellcall Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 51.93%.


Wellcall Holdings Bhd  (XKLS:7231) Operating Income Explanation

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

Wellcall 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 )
=38.048 * ( 1 - 25.83% )/( (109.356 + 116.67)/ 2 )
=28.2202016/113.013
=24.97 %

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:

Wellcall 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 )
=38.596/( ( (55.007 + max(15.494, 0)) + (54.354 + max(23.78, 0)) )/ 2 )
=38.596/( ( 70.501 + 78.134 )/ 2 )
=38.596/74.3175
=51.93 %

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)
=(6.843 + 25.072 + 1.746) - (18.167 + 0 + 0)
=15.494

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.56 + 27.521 + 2.966) - (12.267 + 0 + 0)
=23.78

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 %:

Wellcall 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 )
=9.512/38.943
=24.43 %

* 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.


Wellcall Holdings Bhd Operating Income Related Terms


Wellcall Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Wellcall 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.

Wellcall Holdings Bhd Operating Income Chart

Wellcall Holdings Bhd Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.35 40.32 69.48 59.63 55.79

Wellcall Holdings 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 10.69 14.78 16.34 10.39 9.51
XKLS:7231
77GF Score
Wellcall Holdings Bhd XKLS:7231
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wellcall 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 RM51.0 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 RM51.0 Mil mean?
Wellcall Holdings Bhd (XKLS:7231) has a Operating Income of RM51.0 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Wellcall Holdings Bhd and its competitors.
Is Wellcall Holdings Bhd's Operating Income too high?
Wellcall Holdings Bhd's current Operating Income is RM51.0 Mil. Overall, Wellcall Holdings Bhd has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wellcall Holdings Bhd's Operating Income compare to ORLY and AZO?
Wellcall Holdings Bhd's Operating Income of RM51.0 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 Wellcall Holdings Bhd and its competitors. Wellcall Holdings Bhd's current Operating Income is RM51.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wellcall Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Wellcall Holdings Bhd (XKLS:7231) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.27, compared to a current price of RM1.12 — trading 11.8% below its estimated fair value. The current Operating Income is RM51.0 Mil. Wellcall Holdings Bhd's overall GF Score™ is 77/100 with 3 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 Wellcall Holdings Bhd (XKLS:7231), the current Operating Income is RM51.0 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 Wellcall Holdings Bhd (XKLS:7231) Overvalued in 2026?

Based on GuruFocus' analysis, Wellcall Holdings Bhd stock appears to be undervalued. The current stock price of RM1.12 is trading 11.8% below its estimated GF Value™ of RM1.27. GuruFocus considers Wellcall Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7231:

  • Operating Income: RM51.0 Mil
  • GF Value™: RM1.27 vs. price of RM1.12 (11.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the XKLS:7231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wellcall Holdings Bhd Business Description

Address Plot 48, Jalan Johan 2/5, Kawasan Perindustrian Pengkalan II, Fasa II, Pusing, PRK, MYS, 31550
Wellcall Holdings Bhd is principally an investment holding company. The company, along with its subsidiaries, is engaged in trading, importing, exporting, marketing, supplying and dealing in direct marketing multi level marketing, networking of all kinds of hoses and articles. The company's product portfolio includes critical hoses for the conveyance of air, water, and petroleum products, as well as specialised hoses for welding and handling abrasive materials. It serves various industries including Oil & Gas, Automotive, Marine, Water, and Construction. The company's geographical segments are Malaysia, the Middle East, Europe, the USA/Canada, Australia/New Zealand, Asia, South America, and Africa. The company generates the majority of its revenue from the USA/Canada.
77GF Score

Get the complete analysis for XKLS:7231

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

RM1.12
Price
RM1.27
GF Value