Yuanta Futures Co (ROCO:6023) Operating Income: NT$316 Mil (TTM As of Jun. 2026)

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ROCO:6023 Yuanta Futures Co Ltd ROCO:6023
73 GF Score
Price NT$86.40
GF Value NT$83.62
Valuation Fairly Valued
! 8 Warning Signs
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What is Yuanta Futures Co Operating Income?

Yuanta Futures Co ROCO:6023 +0.35% 73 Operating Income is NT$316 Mil as of Jun. 2026. GuruFocus rates ROCO:6023 with a GF Score™ of 73/100 and a GF Value™ of NT$83.62 (Fairly Valued). The stock has 8 warning signs investors should review.

Yuanta Futures Co's Operating Income for the three months ended in Jun. 2026 was NT$56 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$316 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Yuanta Futures Co's Operating Income for the three months ended in Jun. 2026 was NT$56 Mil. Yuanta Futures Co's Revenue for the three months ended in Jun. 2026 was NT$1,357 Mil. Therefore, Yuanta Futures Co's Operating Margin % for the quarter that ended in Jun. 2026 was 4.15%.

Yuanta Futures 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. Yuanta Futures Co's annualized ROC % for the quarter that ended in Jun. 2026 was 0.07%. Yuanta Futures Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 516.95%.


Yuanta Futures Co  (ROCO:6023) Operating Income Explanation

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

Yuanta Futures 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 )
=225.172 * ( 1 - 22.91% )/( (223345.437 + 290595.418)/ 2 )
=173.5850948/256970.4275
=0.07 %

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))
=241229.737 - 1333.848 - ( 17092.657 - max(0, 219377.562 - 235928.014+17092.657))
=223345.437

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))
=315532.878 - 2733.223 - ( 24287.568 - max(0, 287961.61 - 310165.847+24287.568))
=290595.418

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

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

Yuanta Futures 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 )
=5094.508/( ( (985.824 + max(-739.14300000001, 0)) + (985.159 + max(-2267.244, 0)) )/ 2 )
=5094.508/( ( 985.824 + 985.159 )/ 2 )
=5094.508/985.4915
=516.95 %

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)
=(89.777 + 0 + 218492.21) - (1333.848 + 0 + 217987.282)
=-739.14300000001

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(111.206 + 0 + 285527.625) - (2733.223 + 0 + 285172.852)
=-2267.244

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 %:

Yuanta Futures 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 )
=56.293/1356.726
=4.15 %

* 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.


Yuanta Futures Co Operating Income Related Terms


Yuanta Futures Co Operating Income Historical Data

* Premium members only.

The historical data trend for Yuanta Futures 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.

Yuanta Futures Co Operating Income Chart

Yuanta Futures 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 468.87 280.21 128.75 -42.41 -253.75

Yuanta Futures Co Quarterly Data
Sep21 Dec21 Mar22 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 -207.73 -20.12 180.94 98.65 56.29
ROCO:6023
73GF Score
Yuanta Futures Co Ltd ROCO:6023
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Yuanta Futures 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$316 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$316 Mil mean?
Yuanta Futures Co (ROCO:6023) has a Operating Income of NT$316 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Yuanta Futures Co and its competitors.
Is Yuanta Futures Co's Operating Income too high?
Yuanta Futures Co's current Operating Income is NT$316 Mil. Overall, Yuanta Futures Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yuanta Futures Co's Operating Income compare to MS and GS?
Yuanta Futures Co's Operating Income of NT$316 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 Yuanta Futures Co and its competitors. Yuanta Futures Co's current Operating Income is NT$316 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuanta Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Yuanta Futures Co (ROCO:6023) is currently considered Fairly Valued. The stock's GF Value™ is NT$83.62, compared to a current price of NT$86.40 — trading 3.3% above its estimated fair value. The current Operating Income is NT$316 Mil. Yuanta Futures Co's overall GF Score™ is 73/100 with 8 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 Yuanta Futures Co (ROCO:6023), the current Operating Income is NT$316 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 Yuanta Futures Co (ROCO:6023) Overvalued in 2026?

Based on GuruFocus' analysis, Yuanta Futures Co stock appears to be overvalued. The current stock price of NT$86.40 is trading 3.3% above its estimated GF Value™ of NT$83.62. GuruFocus considers Yuanta Futures Co to be Fairly Valued.

Key valuation signals for ROCO:6023:

  • Operating Income: NT$316 Mil
  • GF Value™: NT$83.62 vs. price of NT$86.40 (3.3% above fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the ROCO:6023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yuanta Futures Co Business Description

Address Nanjing East Road, 2nd, 3rd, 4th, and 5thFloor, No. 77, Section 2, Zhongshan District, Taipei, TWN, 104089
Yuanta Futures Co Ltd is Taiwan's futures company. The company is engaged in onshore and offshore futures brokerage business, futures dealing, futures consulting, futures business management, securities dealing, leverage transaction merchant, and a variety of futures-related businesses. Its operating segments include: Brokerage segment, Dealing segment, and Other segment. The company derives maximum revenue from Brokerage segment. Geographically, the company has its presence in Taiwan, Asia (excluding Taiwan), Europe, America and Other.
73GF Score

Get the complete analysis for ROCO:6023

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

NT$86.40
Price
NT$83.62
GF Value