GCPEF (GCL Technology Holdings) Operating Income: $-115 Mil (TTM As of Dec. 2025)

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GCPEF GCL Technology Holdings Ltd GCPEF
52 GF Score
Price $0.09
GF Value $0.08
Valuation Fairly Valued
! 4 Warning Signs
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What is GCL Technology Holdings Operating Income?

GCL Technology Holdings GCPEF -17.15% 52 Operating Income is $-115 Mil as of Dec. 2025. GuruFocus rates GCPEF with a GF Score™ of 52/100 and a GF Value™ of $0.08 (Fairly Valued). The stock has 4 warning signs investors should review.

GCL Technology Holdings's Operating Income for the six months ended in Dec. 2025 was $101 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-115 Mil.

Warning Sign:

GCL Technology Holdings Ltd had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. GCL Technology Holdings's Operating Income for the six months ended in Dec. 2025 was $101 Mil. GCL Technology Holdings's Revenue for the six months ended in Dec. 2025 was $1,234 Mil. Therefore, GCL Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 8.19%.

GCL Technology Holdings'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. GCL Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 2.42%. GCL Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -2.38%.


GCL Technology Holdings  (OTCPK:GCPEF) Operating Income Explanation

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

GCL Technology Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=202.038 * ( 1 - 0% )/( (8292.721 + 8425.751)/ 2 )
=202.038/8359.236
=2.42 %

where

Invested Capital(Q: Jun. 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))
=9956.87 - 1383.62 - ( 834.048 - max(0, 3057.711 - 3338.24+834.048))
=8292.721

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))
=10773.905 - 1536.82 - ( 1471.96 - max(0, 3486.246 - 4297.58+1471.96))
=8425.751

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

GCL Technology Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-114.842/( ( (4928.765 + max(-119.389, 0)) + (4703.441 + max(-324.407, 0)) )/ 2 )
=-114.842/( ( 4928.765 + 4703.441 )/ 2 )
=-114.842/4816.103
=-2.38 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(169.919 + 275.128 + 919.173) - (1383.62 + 0 + 99.989)
=-119.389

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(187.931 + 269.321 + 943.135) - (1536.82 + 0 + 187.974)
=-324.407

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

GCL Technology Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=101.019/1233.853
=8.19 %

* 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.


GCL Technology Holdings Operating Income Related Terms


GCL Technology Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for GCL Technology Holdings'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.

GCL Technology Holdings Operating Income Chart

GCL Technology Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 564.15 2,120.27 1,122.96 -700.87 -119.04

GCL Technology Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 157.17 -249.43 -452.33 -215.86 101.02
GCPEF
52GF Score
GCL Technology Holdings Ltd GCPEF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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GCL Technology Holdings 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-115 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 $-115 Mil mean?
GCL Technology Holdings (GCPEF) has a Operating Income of $-115 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GCL Technology Holdings and its competitors.
Is GCL Technology Holdings' Operating Income too high?
GCL Technology Holdings' current Operating Income is $-115 Mil. Overall, GCL Technology Holdings has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GCL Technology Holdings' Operating Income compare to FSLR and NXT?
GCL Technology Holdings' Operating Income of $-115 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 GCL Technology Holdings and its competitors. GCL Technology Holdings's current Operating Income is $-115 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCL Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, GCL Technology Holdings (GCPEF) is currently considered Fairly Valued. The stock's GF Value™ is $0.08, compared to a current price of $0.09 — trading 9.6% above its estimated fair value. The current Operating Income is $-115 Mil. GCL Technology Holdings' overall GF Score™ is 52/100 with 4 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 GCL Technology Holdings (GCPEF), the current Operating Income is $-115 Mil as of Dec. 2025. 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 GCL Technology Holdings (GCPEF) Overvalued in 2026?

Based on GuruFocus' analysis, GCL Technology Holdings stock appears to be overvalued. The current stock price of $0.09 is trading 9.6% above its estimated GF Value™ of $0.08. GuruFocus considers GCL Technology Holdings to be Fairly Valued.

Key valuation signals for GCPEF:

  • Operating Income: $-115 Mil
  • GF Value™: $0.08 vs. price of $0.09 (9.6% above fair value)
  • GF Score™: 52/100 with 4 warning signs

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


GCL Technology Holdings Business Description

Other Exchanges 03800:Hong Kong3GY:Germany
Address 1 Austin Road West, Unit 1703B-1706, Level 17, International Commerce Centre, Kowloon, Hong Kong, HKG
GCL Technology Holdings Ltd is an investment holding company. The company principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development and operation of solar projects. It is in manufacturing and the sales of polysilicon and wafers and developing, owning and operation of solar farm. It has two reportable segments Solar material business mainly manufactures and sales of polysilicon and wafer product to companies operating in the solar industry, and Solar farm business operates solar farms located in the USA and the PRC. The majority of revenue comes from Solar material business. It has presence in The PRC, India, Vietnam, USA, and Others, of which majority of revenue comes from The PRC.
52GF Score

Get the complete analysis for GCPEF

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

$0.09
Price
$0.08
GF Value