Advanced Echem Materials Co (ROCO:4749) Operating Income: NT$1,135 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:4749 Advanced Echem Materials Co Ltd ROCO:4749
71 GF Score
Price NT$786.00
GF Value NT$972.77
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Advanced Echem Materials Co Operating Income?

Advanced Echem Materials Co ROCO:4749 -0.13% 71 Operating Income is NT$1,135 Mil as of Jun. 2026. GuruFocus rates ROCO:4749 with a GF Score™ of 71/100 and a GF Value™ of NT$972.77 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Advanced Echem Materials Co's Operating Income for the three months ended in Jun. 2026 was NT$286 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$1,135 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Advanced Echem Materials Co's Operating Income for the three months ended in Jun. 2026 was NT$286 Mil. Advanced Echem Materials Co's Revenue for the three months ended in Jun. 2026 was NT$1,233 Mil. Therefore, Advanced Echem Materials Co's Operating Margin % for the quarter that ended in Jun. 2026 was 23.20%.

Advanced Echem Materials 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. Advanced Echem Materials Co's annualized ROC % for the quarter that ended in Jun. 2026 was 15.22%. Advanced Echem Materials Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 31.69%.


Advanced Echem Materials Co  (ROCO:4749) Operating Income Explanation

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

Advanced Echem Materials Co'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 )
=1143.844 * ( 1 - 15.78% )/( (5592.119 + 7063.188)/ 2 )
=963.3454168/6327.6535
=15.22 %

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))
=10881.429 - 1474.675 - ( 3814.635 - max(0, 1679.489 - 5569.933+3814.635))
=5592.119

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))
=14568.742 - 1546.555 - ( 5958.999 - max(0, 1790.763 - 7970.565+5958.999))
=7063.188

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

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

Advanced Echem Materials Co'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 )
=1470.8/( ( (4176.48 + max(74.58, 0)) + (4852.678 + max(178.858, 0)) )/ 2 )
=1470.8/( ( 4251.06 + 5031.536 )/ 2 )
=1470.8/4641.298
=31.69 %

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)
=(614.832 + 972.816 + 145.726) - (1474.675 + 0 + 184.119)
=74.58

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(683.695 + 1177.569 + 88.723999999999) - (1546.555 + 0 + 224.575)
=178.858

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 %:

Advanced Echem Materials Co'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 )
=285.961/1232.727
=23.20 %

* 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.


Advanced Echem Materials Co Operating Income Related Terms


Advanced Echem Materials Co Operating Income Historical Data

* Premium members only.

The historical data trend for Advanced Echem Materials 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.

Advanced Echem Materials Co Operating Income Chart

Advanced Echem Materials Co Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.66 290.16 223.41 586.54 1,061.17

Advanced Echem Materials Co Quarterly Data
Jun21 Sep21 Dec21 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 357.50 259.15 253.13 337.16 285.96
ROCO:4749
71GF Score
Advanced Echem Materials Co Ltd ROCO:4749
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advanced Echem Materials 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,135 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$1,135 Mil mean?
Advanced Echem Materials Co (ROCO:4749) has a Operating Income of NT$1,135 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Advanced Echem Materials Co and its competitors.
Is Advanced Echem Materials Co's Operating Income too high?
Advanced Echem Materials Co's current Operating Income is NT$1,135 Mil. Overall, Advanced Echem Materials Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Echem Materials Co's Operating Income compare to APH and GLW?
Advanced Echem Materials Co's Operating Income of NT$1,135 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 Advanced Echem Materials Co and its competitors. Advanced Echem Materials Co's current Operating Income is NT$1,135 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Echem Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Advanced Echem Materials Co (ROCO:4749) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$972.77, compared to a current price of NT$786.00 — trading 19.2% below its estimated fair value. The current Operating Income is NT$1,135 Mil. Advanced Echem Materials Co's overall GF Score™ is 71/100 with 2 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 Advanced Echem Materials Co (ROCO:4749), the current Operating Income is NT$1,135 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 Advanced Echem Materials Co (ROCO:4749) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Echem Materials Co stock appears to be undervalued. The current stock price of NT$786.00 is trading 19.2% below its estimated GF Value™ of NT$972.77. GuruFocus considers Advanced Echem Materials Co to be Modestly Undervalued.

Key valuation signals for ROCO:4749:

  • Operating Income: NT$1,135 Mil
  • GF Value™: NT$972.77 vs. price of NT$786.00 (19.2% below fair value)
  • GF Score™: 71/100 with 2 warning signs

No single metric tells the full story. See the ROCO:4749 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advanced Echem Materials Co Business Description

Address No.455, Xinhe Road, Sanhe Village, Longtan District, Taoyuan, TWN, 325003
Advanced Echem Materials Co Ltd is engaged in developing and manufacturing special chemical materials for semiconductor and display applications. The company focuses on core technologies such as synthesis, purification of special raw materials, and innovation in formulation materials.
71GF Score

Get the complete analysis for ROCO:4749

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

NT$786.00
Price
NT$972.77
GF Value