Franbo Lines (ROCO:2641) Operating Income: NT$915 Mil (TTM As of Jun. 2026)

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ROCO:2641 Franbo Lines Corp ROCO:2641
62 GF Score
Price NT$17.90
GF Value NT$23.68
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Franbo Lines Operating Income?

Franbo Lines ROCO:2641 +1.99% 62 Operating Income is NT$915 Mil as of Jun. 2026. GuruFocus rates ROCO:2641 with a GF Score™ of 62/100 and a GF Value™ of NT$23.68 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Franbo Lines's Operating Income for the three months ended in Jun. 2026 was NT$196 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$915 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Franbo Lines's Operating Income for the three months ended in Jun. 2026 was NT$196 Mil. Franbo Lines's Revenue for the three months ended in Jun. 2026 was NT$571 Mil. Therefore, Franbo Lines's Operating Margin % for the quarter that ended in Jun. 2026 was 34.41%.

Good Sign:

Franbo Lines Corp operating margin is expanding. Margin expansion is usually a good sign.

Franbo Lines's 5-Year average Growth Rate for Operating Margin % was 12.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Franbo Lines's annualized ROC % for the quarter that ended in Jun. 2026 was 5.04%. Franbo Lines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 10.35%.


Franbo Lines  (ROCO:2641) Operating Income Explanation

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

Franbo Lines's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=785.58 * ( 1 - 13.83% )/( (13953.39 + 12892.3)/ 2 )
=676.934286/13422.845
=5.04 %

where

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))
=15572.949 - 310.993 - ( 1308.566 - max(0, 1386.448 - 3261.172+1308.566))
=13953.39

Invested Capital(Q: Jun. 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))
=14820.05 - 298.914 - ( 1628.836 - max(0, 805.365 - 2578.547+1628.836))
=12892.3

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

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

Franbo Lines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1249.928/( ( (11261.807 + max(959.197, 0)) + (11371.472 + max(549.239, 0)) )/ 2 )
=1249.928/( ( 12221.004 + 11920.711 )/ 2 )
=1249.928/12070.8575
=10.35 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.99 + 747.56 + 1204.056) - (310.993 + 0 + 682.416)
=959.197

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.664 + 750.028 + 198.019) - (298.914 + 0 + 101.558)
=549.239

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Franbo Lines's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=196.395/570.739
=34.41 %

* 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.


Franbo Lines Operating Income Related Terms


Franbo Lines Operating Income Historical Data

* Premium members only.

The historical data trend for Franbo Lines'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.

Franbo Lines Operating Income Chart

Franbo Lines 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 378.48 634.36 512.40 676.07 850.54

Franbo Lines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 206.86 279.73 228.70 210.18 196.40
ROCO:2641
62GF Score
Franbo Lines Corp ROCO:2641
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Franbo Lines 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$915 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 NT$915 Mil mean?
Franbo Lines (ROCO:2641) has a Operating Income of NT$915 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Franbo Lines and its competitors.
Is Franbo Lines' Operating Income too high?
Franbo Lines' current Operating Income is NT$915 Mil. Overall, Franbo Lines has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franbo Lines' Operating Income compare to competitors?
Franbo Lines' Operating Income of NT$915 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Franbo Lines and its competitors. Franbo Lines's current Operating Income is NT$915 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franbo Lines stock overvalued right now?
Based on GuruFocus' analysis, Franbo Lines (ROCO:2641) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$23.68, compared to a current price of NT$17.90 — trading 24.4% below its estimated fair value. The current Operating Income is NT$915 Mil. Franbo Lines' overall GF Score™ is 62/100 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 Franbo Lines (ROCO:2641), the current Operating Income is NT$915 Mil as of Jun. 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 Franbo Lines (ROCO:2641) Overvalued in 2026?

Based on GuruFocus' analysis, Franbo Lines stock appears to be undervalued. The current stock price of NT$17.90 is trading 24.4% below its estimated GF Value™ of NT$23.68. GuruFocus considers Franbo Lines to be Modestly Undervalued.

Key valuation signals for ROCO:2641:

  • Operating Income: NT$915 Mil
  • GF Value™: NT$23.68 vs. price of NT$17.90 (24.4% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the ROCO:2641 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Franbo Lines Business Description

Address Haibian Road, 3rd Floor, No.31, Lingya District, Kaohsiung, TWN, 802
Franbo Lines Corp is engaged in the shipping agency, consulting service and ocean freight forwarding. The company's fleet consists of multi-[purpose heavy lift general cargo vessels and bulk carriers, Handysize and Supramax vessel types. Its clients are shipping conglomerates from Japan, Europe, and the United States.
62GF Score

Get the complete analysis for ROCO:2641

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

NT$17.90
Price
NT$23.68
GF Value