Allied Industrial (ROCO:4702) Operating Income: NT$-38.02 Mil (TTM As of Mar. 2026)

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ROCO:4702 Allied Industrial Corp Ltd ROCO:4702
48 GF Score
Price NT$9.72
GF Value NT$3.11
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Allied Industrial Operating Income?

Allied Industrial ROCO:4702 +0.83% 48 Operating Income is NT$-38.02 Mil as of Mar. 2026. GuruFocus rates ROCO:4702 with a GF Score™ of 48/100 and a GF Value™ of NT$3.11 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Allied Industrial's Operating Income for the three months ended in Mar. 2026 was NT$-8.72 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$-38.02 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Allied Industrial's Operating Income for the three months ended in Mar. 2026 was NT$-8.72 Mil. Allied Industrial's Revenue for the three months ended in Mar. 2026 was NT$24.33 Mil. Therefore, Allied Industrial's Operating Margin % for the quarter that ended in Mar. 2026 was -35.83%.

Allied Industrial'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. Allied Industrial's annualized ROC % for the quarter that ended in Mar. 2026 was -2.93%. Allied Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 196.21%.


Allied Industrial  (ROCO:4702) Operating Income Explanation

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

Allied Industrial'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 )
=-34.872 * ( 1 - 8.76% )/( (1059.612 + 1114.899)/ 2 )
=-31.8172128/1087.2555
=-2.93 %

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))
=1520.148 - 27.712 - ( 625.531 - max(0, 214.389 - 647.213+625.531))
=1059.612

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))
=1593.335 - 41.369 - ( 635.989 - max(0, 250.222 - 687.289+635.989))
=1114.899

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

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

Allied Industrial'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 )
=146.316/( ( (74.696 + max(-17.17, 0)) + (74.445 + max(-14.354, 0)) )/ 2 )
=146.316/( ( 74.696 + 74.445 )/ 2 )
=146.316/74.5705
=196.21 %

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)
=(9.815 + 4.028 + 3.442) - (27.712 + 0 + 6.743)
=-17.17

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.609 + 5.149 + 4.1099999999999) - (41.369 + 0 + 3.853)
=-14.354

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 %:

Allied Industrial'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 )
=-8.718/24.332
=-35.83 %

* 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.


Allied Industrial Operating Income Related Terms


Allied Industrial Operating Income Historical Data

* Premium members only.

The historical data trend for Allied Industrial'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.

Allied Industrial Operating Income Chart

Allied Industrial 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 9.76 4.23 -5.44 -19.26 -35.58

Allied Industrial 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 -6.28 -7.66 -8.66 -12.98 -8.72
ROCO:4702
48GF Score
Allied Industrial Corp Ltd ROCO:4702
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allied Industrial 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$-38.02 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$-38.02 Mil mean?
Allied Industrial (ROCO:4702) has a Operating Income of NT$-38.02 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Allied Industrial and its competitors.
Is Allied Industrial's Operating Income too high?
Allied Industrial's current Operating Income is NT$-38.02 Mil. Overall, Allied Industrial has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allied Industrial's Operating Income compare to LIN and SHW?
Allied Industrial's Operating Income of NT$-38.02 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 Allied Industrial and its competitors. Allied Industrial's current Operating Income is NT$-38.02 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied Industrial stock overvalued right now?
Based on GuruFocus' analysis, Allied Industrial (ROCO:4702) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.11, compared to a current price of NT$9.72 — trading 212.5% above its estimated fair value. The current Operating Income is NT$-38.02 Mil. Allied Industrial's overall GF Score™ is 48/100 with 6 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 Allied Industrial (ROCO:4702), the current Operating Income is NT$-38.02 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 Allied Industrial (ROCO:4702) Overvalued in 2026?

Based on GuruFocus' analysis, Allied Industrial stock appears to be overvalued. The current stock price of NT$9.72 is trading 212.5% above its estimated GF Value™ of NT$3.11. GuruFocus considers Allied Industrial to be Significantly Overvalued.

Key valuation signals for ROCO:4702:

  • Operating Income: NT$-38.02 Mil
  • GF Value™: NT$3.11 vs. price of NT$9.72 (212.5% above fair value)
  • GF Score™: 48/100 with 6 warning signs

No single metric tells the full story. See the ROCO:4702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Allied Industrial Business Description

Address No. 76, Dunhua South Road, 12th Floor, Section 2, Da\'an District, Taipei, TWN, 10661
Allied Industrial Corp Ltd is engaged in the trading of disperse dyes, automobiles, and commodities, and in the production and sale of cigarette filters, nylon fibers, and polyester fibers. It is also actively investing in new businesses, including mobile distribution, venture capital, and financial technology. The group has two reportable operating segments: Department A and Department B. Department A, which generates the majority of overall revenue, is engaged in the trading of chemical products, such as dyes, in Taiwan. Department B is engaged in the trading of various commodities, while other departments are engaged in strategic investments. Geographically, it operates in Taiwan and Asia, which generate the maximum revenue, as well as other regions.
48GF Score

Get the complete analysis for ROCO:4702

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

NT$9.72
Price
NT$3.11
GF Value