Bonia Bhd (XKLS:9288) Operating Income: RM23.4 Mil (TTM As of Mar. 2026)

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XKLS:9288 Bonia Corp Bhd XKLS:9288
81 GF Score
Price RM0.89
GF Value RM1.36
Valuation Possible Value Trap
! 5 Warning Signs
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What is Bonia Bhd Operating Income?

Bonia Bhd XKLS:9288 +2.31% 81 Operating Income is RM23.4 Mil as of Mar. 2026. GuruFocus rates XKLS:9288 with a GF Score™ of 81/100 and a GF Value™ of RM1.36 (Possible Value Trap). The stock has 5 warning signs investors should review.

Bonia Bhd's Operating Income for the three months ended in Mar. 2026 was RM16.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM23.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bonia Bhd's Operating Income for the three months ended in Mar. 2026 was RM16.9 Mil. Bonia Bhd's Revenue for the three months ended in Mar. 2026 was RM118.0 Mil. Therefore, Bonia Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 14.35%.

Good Sign:

Bonia Corp Bhd operating margin is expanding. Margin expansion is usually a good sign.

Bonia Bhd's 5-Year average Growth Rate for Operating Margin % was 9.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bonia Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 8.35%. Bonia Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.95%.


Bonia Bhd  (XKLS:9288) Operating Income Explanation

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

Bonia 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 )
=67.724 * ( 1 - 32.67% )/( (545.172 + 547.113)/ 2 )
=45.5985692/546.1425
=8.35 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=697.337 - 42.033 - ( 110.132 - max(0, 94.226 - 270.578+110.132))
=545.172

Invested Capital(Q: Mar. 2026 )
=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))
=715.731 - 43.007 - ( 125.611 - max(0, 96.329 - 268.604+125.611))
=547.113

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

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

Bonia 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 )
=68.324/( ( (258.719 + max(108.094, 0)) + (264.59 + max(89.83, 0)) )/ 2 )
=68.324/( ( 366.813 + 354.42 )/ 2 )
=68.324/360.6165
=18.95 %

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)
=(59.742 + 87.937 + 4.797) - (42.033 + 0 + 2.349)
=108.094

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.618 + 79.406 + 4.013) - (43.007 + 0 + 2.2)
=89.83

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 %:

Bonia 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 )
=16.931/118.015
=14.35 %

* 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.


Bonia Bhd Operating Income Related Terms


Bonia Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Bonia 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.

Bonia Bhd Operating Income Chart

Bonia 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 24.19 67.33 85.78 60.18 31.11

Bonia 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 16.63 -8.35 3.33 11.49 16.93
XKLS:9288
81GF Score
Bonia Corp Bhd XKLS:9288
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bonia 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 RM23.4 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 RM23.4 Mil mean?
Bonia Bhd (XKLS:9288) has a Operating Income of RM23.4 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bonia Bhd and its competitors.
Is Bonia Bhd's Operating Income too high?
Bonia Bhd's current Operating Income is RM23.4 Mil. Overall, Bonia Bhd has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bonia Bhd's Operating Income compare to RL and LEVI?
Bonia Bhd's Operating Income of RM23.4 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories 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 Bonia Bhd and its competitors. Bonia Bhd's current Operating Income is RM23.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bonia Bhd (XKLS:9288) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.36, compared to a current price of RM0.89 — trading 34.9% below its estimated fair value. The current Operating Income is RM23.4 Mil. Bonia Bhd's overall GF Score™ is 81/100 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 Bonia Bhd (XKLS:9288), the current Operating Income is RM23.4 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 Bonia Bhd (XKLS:9288) Overvalued in 2026?

Based on GuruFocus' analysis, Bonia Bhd stock appears to be undervalued. The current stock price of RM0.89 is trading 34.9% below its estimated GF Value™ of RM1.36. GuruFocus considers Bonia Bhd to be Possible Value Trap.

Key valuation signals for XKLS:9288:

  • Operating Income: RM23.4 Mil
  • GF Value™: RM1.36 vs. price of RM0.89 (34.9% below fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the XKLS:9288 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bonia Bhd Business Description

Address Lot 160, Jalan Cerdas, Level 6, Ikon Connaught, Taman Connaught, Cheras, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 56000
Bonia Corp Bhd is principally engaged in product design, manufacturing, promotion, marketing, distribution, wholesale, and retail of luxury leatherwear, footwear, apparel, accessories, and eyewear for both men and women under its in-house brands as well as other internationally licensed brands. It operates through the following segments: Retailing, which generates the majority of revenue and designs, promotes, and markets fashionable apparel, footwear, accessories, and leather goods; Manufacturing, which produces and markets fashionable leather goods; and Investment and Property Development, which involves rental and property development. Geographically, the company derives its key revenue from Malaysia, with the rest coming from Singapore, Indonesia, and other regions.
81GF Score

Get the complete analysis for XKLS:9288

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

RM0.89
Price
RM1.36
GF Value