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Dagang NeXchange Bhd (XKLS:4456) Operating Income : RM158.4 Mil (TTM As of Mar. 2024)


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What is Dagang NeXchange Bhd Operating Income?

Dagang NeXchange Bhd's Operating Income for the three months ended in Mar. 2024 was RM70.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was RM158.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dagang NeXchange Bhd's Operating Income for the three months ended in Mar. 2024 was RM70.5 Mil. Dagang NeXchange Bhd's Revenue for the three months ended in Mar. 2024 was RM309.8 Mil. Therefore, Dagang NeXchange Bhd's Operating Margin % for the quarter that ended in Mar. 2024 was 22.76%.

Warning Sign:

Dagang NeXchange Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -13.8%.

Dagang NeXchange Bhd's 5-Year average Growth Rate for Operating Margin % was -13.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dagang NeXchange Bhd's annualized ROC % for the quarter that ended in Mar. 2024 was 29.52%. Dagang NeXchange Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 2.54%.


Dagang NeXchange Bhd Operating Income Historical Data

The historical data trend for Dagang NeXchange 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.

Dagang NeXchange Bhd Operating Income Chart

Dagang NeXchange Bhd Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.56 16.32 43.95 43.50 34.25

Dagang NeXchange Bhd Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 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 157.70 122.26 66.45 87.85 70.51

Dagang NeXchange 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 RM158.4 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.


Dagang NeXchange Bhd  (XKLS:4456) Operating Income Explanation

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

Dagang NeXchange 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: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=282.032 * ( 1 - -352.1% )/( (4276.895 + 4362.429)/ 2 )
=1275.066672/4319.662
=29.52 %

where

Invested Capital(Q: Sep. 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))
=4847.347 - 296.643 - ( 419.728 - max(0, 666.684 - 940.493+419.728))
=4276.895

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))
=4655.74 - 299.519 - ( 342.197 - max(0, 807.438 - 801.23+342.197))
=4362.429

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

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

Dagang NeXchange 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: Sep. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=58.56/( ( (2296.925 + max(-122.132, 0)) + (2305.639 + max(-126.736, 0)) )/ 2 )
=58.56/( ( 2296.925 + 2305.639 )/ 2 )
=58.56/2301.282
=2.54 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(356.232 + 132.115 + 7.65) - (296.643 + 0 + 321.486)
=-122.132

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(310.966 + 119.314 + 9.0070000000001) - (299.519 + 0 + 266.504)
=-126.736

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 %:

Dagang NeXchange 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 )
=70.508/309.818
=22.76 %

* 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.


Dagang NeXchange Bhd Operating Income Related Terms

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Dagang NeXchange Bhd (XKLS:4456) Business Description

Traded in Other Exchanges
N/A
Address
Dagang Net Tower, Block 10 (A & B) Corporate Park, Star Central, Lingkaran, Cyberpoint Timur, Cyber 12, Cyberjaya, SGR, MYS, 63000
Dagang NeXchange Bhd is a Malaysia based company. The business operates in various segments that include Corporate, which is an investment holding; Information Technology (IT), which supply, delivery, install, testing, commissioning and maintenance of IT hardware, development, management and provision of business to government (B2G) e-commerce and others; and Energy, which provides upstream oil and gas exploration, production sale of oil and gas-related equipment and services, provision of engineering, technical support and involvement in power plant, and energy-related business. The Information Technology segment generates maximum revenue for the company. It offers its services only to the Malaysia region.

Dagang NeXchange Bhd (XKLS:4456) Headlines

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