ProbeLeader Co (ROCO:5246) Operating Income: NT$-54 Mil (TTM As of Dec. 2025)

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ROCO:5246 ProbeLeader Co Ltd ROCO:5246
44 GF Score
Price NT$79.50
GF Value NT$17.79
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ProbeLeader Co Operating Income?

ProbeLeader Co ROCO:5246 -4.45% 44 Operating Income is NT$-54 Mil as of Dec. 2025. GuruFocus rates ROCO:5246 with a GF Score™ of 44/100 and a GF Value™ of NT$17.79 (Significantly Overvalued). The stock has 5 warning signs investors should review.

ProbeLeader Co's Operating Income for the six months ended in Dec. 2025 was NT$-36 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-54 Mil.

Warning Sign:

ProbeLeader Co Ltd had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. ProbeLeader Co's Operating Income for the six months ended in Dec. 2025 was NT$-36 Mil. ProbeLeader Co's Revenue for the six months ended in Dec. 2025 was NT$478 Mil. Therefore, ProbeLeader Co's Operating Margin % for the quarter that ended in Dec. 2025 was -7.59%.

ProbeLeader 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. ProbeLeader Co's annualized ROC % for the quarter that ended in Dec. 2025 was -9.74%. ProbeLeader Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -12.44%.


ProbeLeader Co  (ROCO:5246) Operating Income Explanation

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

ProbeLeader Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-72.53 * ( 1 - 0% )/( (710.11 + 779.766)/ 2 )
=-72.53/744.938
=-9.74 %

where

Invested Capital(Q: Jun. 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))
=1130.059 - 141.213 - ( 394.145 - max(0, 646.18 - 924.916+394.145))
=710.11

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))
=1134.826 - 150.214 - ( 390.626 - max(0, 677.477 - 882.323+390.626))
=779.766

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

ProbeLeader Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-59.846/( ( (167.2 + max(315.392, 0)) + (201.091 + max(278.253, 0)) )/ 2 )
=-59.846/( ( 482.592 + 479.344 )/ 2 )
=-59.846/480.968
=-12.44 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(175.273 + 313.905 + 22.963) - (141.213 + 0 + 55.536)
=315.392

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(163.948 + 272.416 + 17.099) - (150.214 + 0 + 24.996)
=278.253

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

ProbeLeader Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-36.265/477.944
=-7.59 %

* 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.


ProbeLeader Co Operating Income Related Terms


ProbeLeader Co Operating Income Historical Data

* Premium members only.

The historical data trend for ProbeLeader 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.

ProbeLeader Co Operating Income Chart

ProbeLeader Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 56.77 93.06 53.72 -83.37 -54.01

ProbeLeader Co Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -12.31 -45.78 -37.60 -17.75 -36.27
ROCO:5246
44GF Score
ProbeLeader Co Ltd ROCO:5246
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ProbeLeader 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$-54 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$-54 Mil mean?
ProbeLeader Co (ROCO:5246) has a Operating Income of NT$-54 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ProbeLeader Co and its competitors.
Is ProbeLeader Co's Operating Income too high?
ProbeLeader Co's current Operating Income is NT$-54 Mil. Overall, ProbeLeader Co has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ProbeLeader Co's Operating Income compare to AMAT and LRCX?
ProbeLeader Co's Operating Income of NT$-54 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 ProbeLeader Co and its competitors. ProbeLeader Co's current Operating Income is NT$-54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProbeLeader Co stock overvalued right now?
Based on GuruFocus' analysis, ProbeLeader Co (ROCO:5246) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$17.79, compared to a current price of NT$79.50 — trading 346.9% above its estimated fair value. The current Operating Income is NT$-54 Mil. ProbeLeader Co's overall GF Score™ is 44/100 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 ProbeLeader Co (ROCO:5246), the current Operating Income is NT$-54 Mil as of Dec. 2025. 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 ProbeLeader Co (ROCO:5246) Overvalued in 2026?

Based on GuruFocus' analysis, ProbeLeader Co stock appears to be overvalued. The current stock price of NT$79.50 is trading 346.9% above its estimated GF Value™ of NT$17.79. GuruFocus considers ProbeLeader Co to be Significantly Overvalued.

Key valuation signals for ROCO:5246:

  • Operating Income: NT$-54 Mil
  • GF Value™: NT$17.79 vs. price of NT$79.50 (346.9% above fair value)
  • GF Score™: 44/100 with 5 warning signs

No single metric tells the full story. See the ROCO:5246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ProbeLeader Co Business Description

Address No.16, Jinshui Street, Xiangshan District, Hsinchu, TWN, 30090
ProbeLeader Co Ltd is engaged in designing and manufacturing of testing solutions for semiconductor and LCD panel industries. Its products include probe cards, Load-Boards, IC sockets for logic & DRAM ICs. Other than providing testing solutions for semiconductor and LCD panel industries, the company has also extended its business to testing solutions for optoelectronics and passive components. It does not only design, manufactures customized testing tools but also deal with sales, relocation, refurbishment and after-services of used-equipments.
44GF Score

Get the complete analysis for ROCO:5246

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

NT$79.50
Price
NT$17.79
GF Value