Lotus Circular BHD (XKLS:7234) Operating Income: RM8.6 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:7234 Lotus Circular BHD XKLS:7234
39 GF Score
Price RM0.30
GF Value RM0.42
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Lotus Circular BHD Operating Income?

Lotus Circular BHD XKLS:7234 39 Operating Income is RM8.6 Mil as of Mar. 2026. GuruFocus rates XKLS:7234 with a GF Score™ of 39/100 and a GF Value™ of RM0.42 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Lotus Circular BHD's Operating Income for the three months ended in Mar. 2026 was RM10.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM8.6 Mil.

Warning Sign:

Lotus Circular 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. Lotus Circular BHD's Operating Income for the three months ended in Mar. 2026 was RM10.2 Mil. Lotus Circular BHD's Revenue for the three months ended in Mar. 2026 was RM72.7 Mil. Therefore, Lotus Circular BHD's Operating Margin % for the quarter that ended in Mar. 2026 was 13.99%.

Good Sign:

Lotus Circular BHD operating margin is expanding. Margin expansion is usually a good sign.

Lotus Circular BHD's 5-Year average Growth Rate for Operating Margin % was 53.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lotus Circular BHD's annualized ROC % for the quarter that ended in Mar. 2026 was 19.37%. Lotus Circular BHD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 69.05%.


Lotus Circular BHD  (XKLS:7234) Operating Income Explanation

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

Lotus Circular 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 )
=40.684 * ( 1 - 30.08% )/( (111.294 + 182.434)/ 2 )
=28.4462528/146.864
=19.37 %

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:

Lotus Circular 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 )
=40.688/( ( (8.193 + max(55.088, 0)) + (16.101 + max(38.474, 0)) )/ 2 )
=40.688/( ( 63.281 + 54.575 )/ 2 )
=40.688/58.928
=69.05 %

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)
=(22.761 + 57.448 + 3.918) - (29.039 + 0 + 0)
=55.088

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.387 + 46.494 + 2.695) - (55.102 + 0 + 0)
=38.474

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 %:

Lotus Circular 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 )
=10.171/72.678
=13.99 %

* 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.


Lotus Circular BHD Operating Income Related Terms


Lotus Circular BHD Operating Income Historical Data

* Premium members only.

The historical data trend for Lotus Circular 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.

Lotus Circular BHD Operating Income Chart

Lotus Circular BHD Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.34 21.04 15.83 17.95 9.11

Lotus Circular 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 8.56 -1.60 -1.69 1.72 10.17
XKLS:7234
39GF Score
Lotus Circular BHD XKLS:7234
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lotus Circular 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 RM8.6 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 RM8.6 Mil mean?
Lotus Circular BHD (XKLS:7234) has a Operating Income of RM8.6 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Lotus Circular BHD and its competitors.
Is Lotus Circular BHD's Operating Income too high?
Lotus Circular BHD's current Operating Income is RM8.6 Mil. Overall, Lotus Circular BHD has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lotus Circular BHD's Operating Income compare to TJX and ROST?
Lotus Circular BHD's Operating Income of RM8.6 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 Lotus Circular BHD and its competitors. Lotus Circular BHD's current Operating Income is RM8.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lotus Circular BHD stock overvalued right now?
Based on GuruFocus' analysis, Lotus Circular BHD (XKLS:7234) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.42, compared to a current price of RM0.30 — trading 28.6% below its estimated fair value. The current Operating Income is RM8.6 Mil. Lotus Circular BHD's overall GF Score™ is 39/100 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 Lotus Circular BHD (XKLS:7234), the current Operating Income is RM8.6 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 Lotus Circular BHD (XKLS:7234) Overvalued in 2026?

Based on GuruFocus' analysis, Lotus Circular BHD stock appears to be undervalued. The current stock price of RM0.30 is trading 28.6% below its estimated GF Value™ of RM0.42. GuruFocus considers Lotus Circular BHD to be Modestly Undervalued.

Key valuation signals for XKLS:7234:

  • Operating Income: RM8.6 Mil
  • GF Value™: RM0.42 vs. price of RM0.30 (28.6% below fair value)
  • GF Score™: 39/100 with 5 warning signs

No single metric tells the full story. See the XKLS:7234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lotus Circular BHD Business Description

Address Lot 1910, Jalan KPB 7, Kawasan Perindustrian Kg. Baru Balakong, Seri Kembangan, SGR, MYS, 43300
Lotus Circular BHD is an investment holding company. The company segment includes Retailing, Investment Holding, and Waste Recycling. It generates maximum revenue from the Retailing segment. The retailing segment is involved in the trading and retailing of leather products, apparel, and accessories. The investment holding segment is involved in investment holding, and the Waste recycling segment is involved in the waste recycling business. The Group operates predominantly in Malaysia.
39GF Score

Get the complete analysis for XKLS:7234

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

RM0.30
Price
RM0.42
GF Value