International Games System Co (ROCO:3293) Operating Income: NT$13,656 Mil (TTM As of Mar. 2026)

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ROCO:3293 International Games System Co Ltd ROCO:3293
95 GF Score
Price NT$776.00
GF Value NT$869.61
Valuation Modestly Undervalued
! 3 Warning Signs
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What is International Games System Co Operating Income?

International Games System Co ROCO:3293 +3.60% 95 Operating Income is NT$13,656 Mil as of Mar. 2026. GuruFocus rates ROCO:3293 with a GF Score™ of 95/100 and a GF Value™ of NT$869.61 (Modestly Undervalued). The stock has 3 warning signs investors should review.

International Games System Co's Operating Income for the three months ended in Mar. 2026 was NT$3,657 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$13,656 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. International Games System Co's Operating Income for the three months ended in Mar. 2026 was NT$3,657 Mil. International Games System Co's Revenue for the three months ended in Mar. 2026 was NT$6,265 Mil. Therefore, International Games System Co's Operating Margin % for the quarter that ended in Mar. 2026 was 58.38%.

Good Sign:

International Games System Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

International Games System Co's 5-Year average Growth Rate for Operating Margin % was 3.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Games System Co's annualized ROC % for the quarter that ended in Mar. 2026 was 197.50%. International Games System Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 545.13%.


International Games System Co  (ROCO:3293) Operating Income Explanation

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

International Games System Co'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 )
=14629.932 * ( 1 - 18.16% )/( (6105.543 + 6019.01)/ 2 )
=11973.1363488/6062.2765
=197.50 %

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))
=25467.976 - 5963.273 - ( 17233.1 - max(0, 6327.017 - 19726.177+17233.1))
=6105.543

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))
=29463.729 - 17025.539 - ( 20984.5 - max(0, 17340.145 - 23759.325+20984.5))
=6019.01

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

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

International Games System Co'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 )
=15405.448/( ( (2826.955 + max(-3809.871, 0)) + (2825.051 + max(-14543.106, 0)) )/ 2 )
=15405.448/( ( 2826.955 + 2825.051 )/ 2 )
=15405.448/2826.003
=545.13 %

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)
=(2110.222 + 143.67 + 238.599) - (5963.273 + 0 + 339.089)
=-3809.871

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2329.825 + 147.096 + 297.904) - (17025.539 + 0 + 292.392)
=-14543.106

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 %:

International Games System Co'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 )
=3657.483/6264.67
=58.38 %

* 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.


International Games System Co Operating Income Related Terms


International Games System Co Operating Income Historical Data

* Premium members only.

The historical data trend for International Games System Co'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.

International Games System Co Operating Income Chart

International Games System Co 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 5,804.80 5,984.82 7,536.07 10,335.24 13,064.85

International Games System Co 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 3,066.64 3,548.82 3,086.11 3,363.29 3,657.48
ROCO:3293
95GF Score
International Games System Co Ltd ROCO:3293
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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International Games System Co 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 NT$13,656 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$13,656 Mil mean?
International Games System Co (ROCO:3293) has a Operating Income of NT$13,656 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Games System Co and its competitors.
Is International Games System Co's Operating Income too high?
International Games System Co's current Operating Income is NT$13,656 Mil. Overall, International Games System Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Games System Co's Operating Income compare to NTES and EA?
International Games System Co's Operating Income of NT$13,656 Mil can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Operating Income depends on the Interactive Media 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 International Games System Co and its competitors. International Games System Co's current Operating Income is NT$13,656 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Games System Co stock overvalued right now?
Based on GuruFocus' analysis, International Games System Co (ROCO:3293) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$869.61, compared to a current price of NT$776.00 — trading 10.8% below its estimated fair value. The current Operating Income is NT$13,656 Mil. International Games System Co's overall GF Score™ is 95/100 with 3 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 International Games System Co (ROCO:3293), the current Operating Income is NT$13,656 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 International Games System Co (ROCO:3293) Overvalued in 2026?

Based on GuruFocus' analysis, International Games System Co stock appears to be undervalued. The current stock price of NT$776.00 is trading 10.8% below its estimated GF Value™ of NT$869.61. GuruFocus considers International Games System Co to be Modestly Undervalued.

Key valuation signals for ROCO:3293:

  • Operating Income: NT$13,656 Mil
  • GF Value™: NT$869.61 vs. price of NT$776.00 (10.8% below fair value)
  • GF Score™: 95/100 with 3 warning signs

No single metric tells the full story. See the ROCO:3293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Games System Co Business Description

Address No. 130, Wugong Road, Wugu District, New Taipei, TWN, 24886
International Games System Co Ltd plans, designs, researches, develops, manufactures, markets, and services commercial electronic arcade games, related software and hardware products, online games and mobile games. It offers arcade game, online game, mobile game, simulator machine games and online games. All the business activity is operated through Taiwan. There are two segments namely: Arcade game division, which derives maximum revenue and Online game division.
95GF Score

Get the complete analysis for ROCO:3293

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

NT$776.00
Price
NT$869.61
GF Value