Joinsoon Electronics Manufacturing Co (ROCO:3322) Operating Income: NT$-141 Mil (TTM As of Mar. 2026)

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ROCO:3322 Joinsoon Electronics Manufacturing Co Ltd ROCO:3322
45 GF Score
Price NT$11.60
GF Value NT$20.07
Valuation Possible Value Trap
! 7 Warning Signs
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What is Joinsoon Electronics Manufacturing Co Operating Income?

Joinsoon Electronics Manufacturing Co ROCO:3322 +2.20% 45 Operating Income is NT$-141 Mil as of Mar. 2026. GuruFocus rates ROCO:3322 with a GF Score™ of 45/100 and a GF Value™ of NT$20.07 (Possible Value Trap). The stock has 7 warning signs investors should review.

Joinsoon Electronics Manufacturing Co's Operating Income for the three months ended in Mar. 2026 was NT$-63 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$-141 Mil.

Warning Sign:

Joinsoon Electronics Manufacturing Co Ltd had lost money in 83% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Joinsoon Electronics Manufacturing Co's Operating Income for the three months ended in Mar. 2026 was NT$-63 Mil. Joinsoon Electronics Manufacturing Co's Revenue for the three months ended in Mar. 2026 was NT$784 Mil. Therefore, Joinsoon Electronics Manufacturing Co's Operating Margin % for the quarter that ended in Mar. 2026 was -8.07%.

Joinsoon Electronics Manufacturing Co'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. Joinsoon Electronics Manufacturing Co's annualized ROC % for the quarter that ended in Mar. 2026 was -9.24%. Joinsoon Electronics Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -11.45%.


Joinsoon Electronics Manufacturing Co  (ROCO:3322) Operating Income Explanation

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

Joinsoon Electronics Manufacturing 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 )
=-253.3 * ( 1 - 0% )/( (2620.794 + 2859.873)/ 2 )
=-253.3/2740.3335
=-9.24 %

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))
=3588.548 - 792.203 - ( 224.691 - max(0, 1522.793 - 1698.344+224.691))
=2620.794

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))
=3787.412 - 786.14 - ( 430.535 - max(0, 1780.187 - 1921.586+430.535))
=2859.873

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

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

Joinsoon Electronics Manufacturing 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 )
=-276.524/( ( (1755.879 + max(659.707, 0)) + (1734.257 + max(681.323, 0)) )/ 2 )
=-276.524/( ( 2415.586 + 2415.58 )/ 2 )
=-276.524/2415.583
=-11.45 %

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)
=(832.382 + 557.122 + 82.242) - (792.203 + 0 + 19.836)
=659.707

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(794.472 + 595.17 + 100.426) - (786.14 + 0 + 22.605)
=681.323

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 %:

Joinsoon Electronics Manufacturing 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 )
=-63.325/784.415
=-8.07 %

* 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.


Joinsoon Electronics Manufacturing Co Operating Income Related Terms


Joinsoon Electronics Manufacturing Co Operating Income Historical Data

* Premium members only.

The historical data trend for Joinsoon Electronics Manufacturing 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.

Joinsoon Electronics Manufacturing Co Operating Income Chart

Joinsoon Electronics Manufacturing 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 174.01 133.77 59.36 -154.18 -106.35

Joinsoon Electronics Manufacturing 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 -28.30 -25.09 -14.54 -38.43 -63.33
ROCO:3322
45GF Score
Joinsoon Electronics Manufacturing Co Ltd ROCO:3322
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Joinsoon Electronics Manufacturing 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$-141 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$-141 Mil mean?
Joinsoon Electronics Manufacturing Co (ROCO:3322) has a Operating Income of NT$-141 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Joinsoon Electronics Manufacturing Co and its competitors.
Is Joinsoon Electronics Manufacturing Co's Operating Income too high?
Joinsoon Electronics Manufacturing Co's current Operating Income is NT$-141 Mil. Overall, Joinsoon Electronics Manufacturing Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Joinsoon Electronics Manufacturing Co's Operating Income compare to APH and GLW?
Joinsoon Electronics Manufacturing Co's Operating Income of NT$-141 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Joinsoon Electronics Manufacturing Co and its competitors. Joinsoon Electronics Manufacturing Co's current Operating Income is NT$-141 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joinsoon Electronics Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Joinsoon Electronics Manufacturing Co (ROCO:3322) is currently considered Possible Value Trap. The stock's GF Value™ is NT$20.07, compared to a current price of NT$11.60 — trading 42.2% below its estimated fair value. The current Operating Income is NT$-141 Mil. Joinsoon Electronics Manufacturing Co's overall GF Score™ is 45/100 with 7 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 Joinsoon Electronics Manufacturing Co (ROCO:3322), the current Operating Income is NT$-141 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 Joinsoon Electronics Manufacturing Co (ROCO:3322) Overvalued in 2026?

Based on GuruFocus' analysis, Joinsoon Electronics Manufacturing Co stock appears to be undervalued. The current stock price of NT$11.60 is trading 42.2% below its estimated GF Value™ of NT$20.07. GuruFocus considers Joinsoon Electronics Manufacturing Co to be Possible Value Trap.

Key valuation signals for ROCO:3322:

  • Operating Income: NT$-141 Mil
  • GF Value™: NT$20.07 vs. price of NT$11.60 (42.2% below fair value)
  • GF Score™: 45/100 with 7 warning signs

No single metric tells the full story. See the ROCO:3322 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joinsoon Electronics Manufacturing Co Business Description

Address Sintai 5th Road, 19th Floor Number 79, Section 1, Xizhi District, New Taipei City, TWN, 221
Joinsoon Electronics Manufacturing Co Ltd manufactures and sells computer peripheral equipment and electronic components, The Company has three reporting departments: the connecting components segment, the electronics segment, and the high-speed internet segment. The company generates the majority of its revenue from the connecting components segment. It designs and manufactures signal cables, medical wires, connectors, computer peripheral antennas, and data storage devices.
45GF Score

Get the complete analysis for ROCO:3322

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

NT$11.60
Price
NT$20.07
GF Value