Highlight Tech (ROCO:6208) Operating Income: NT$320 Mil (TTM As of Jun. 2026)

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ROCO:6208 Highlight Tech Corp ROCO:6208
64 GF Score
Price NT$82.10
GF Value NT$55.65
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Highlight Tech Operating Income?

Highlight Tech ROCO:6208 +0.74% 64 Operating Income is NT$320 Mil as of Jun. 2026. GuruFocus rates ROCO:6208 with a GF Score™ of 64/100 and a GF Value™ of NT$55.65 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Highlight Tech's Operating Income for the three months ended in Jun. 2026 was NT$76 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$320 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Highlight Tech's Operating Income for the three months ended in Jun. 2026 was NT$76 Mil. Highlight Tech's Revenue for the three months ended in Jun. 2026 was NT$1,011 Mil. Therefore, Highlight Tech's Operating Margin % for the quarter that ended in Jun. 2026 was 7.52%.

Warning Sign:

Highlight Tech Corp operating margin has been in a 5-year decline. The average rate of decline per year is -4.5%.

Highlight Tech's 5-Year average Growth Rate for Operating Margin % was -4.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Highlight Tech's annualized ROC % for the quarter that ended in Jun. 2026 was 4.67%. Highlight Tech's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.52%.


Highlight Tech  (ROCO:6208) Operating Income Explanation

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

Highlight Tech'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 )
=304.292 * ( 1 - 11.51% )/( (5741.832 + 5787.579)/ 2 )
=269.2679908/5764.7055
=4.67 %

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))
=6973.243 - 811.357 - ( 621.556 - max(0, 2696.575 - 3116.629+621.556))
=5741.832

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))
=7174.424 - 984.771 - ( 635.386 - max(0, 2899.024 - 3301.098+635.386))
=5787.579

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

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

Highlight Tech'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 )
=557.388/( ( (2994.798 + max(1120.293, 0)) + (2976.979 + max(1150.614, 0)) )/ 2 )
=557.388/( ( 4115.091 + 4127.593 )/ 2 )
=557.388/4121.342
=13.52 %

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)
=(462.452 + 1302.301 + 300.588) - (811.357 + 0 + 133.691)
=1120.293

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(659.542 + 1218.081 + 365.803) - (984.771 + 0 + 108.041)
=1150.614

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 %:

Highlight Tech'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 )
=76.073/1010.969
=7.52 %

* 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.


Highlight Tech Operating Income Related Terms


Highlight Tech Operating Income Historical Data

* Premium members only.

The historical data trend for Highlight Tech'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.

Highlight Tech Operating Income Chart

Highlight Tech 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 472.40 634.46 559.13 455.17 365.01

Highlight Tech 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 89.22 76.21 107.81 60.35 76.07
ROCO:6208
64GF Score
Highlight Tech Corp ROCO:6208
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Highlight Tech 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$320 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$320 Mil mean?
Highlight Tech (ROCO:6208) has a Operating Income of NT$320 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Highlight Tech and its competitors.
Is Highlight Tech's Operating Income too high?
Highlight Tech's current Operating Income is NT$320 Mil. Overall, Highlight Tech has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highlight Tech's Operating Income compare to GEV and ETN?
Highlight Tech's Operating Income of NT$320 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Highlight Tech and its competitors. Highlight Tech's current Operating Income is NT$320 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highlight Tech stock overvalued right now?
Based on GuruFocus' analysis, Highlight Tech (ROCO:6208) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$55.65, compared to a current price of NT$82.10 — trading 47.5% above its estimated fair value. The current Operating Income is NT$320 Mil. Highlight Tech's overall GF Score™ is 64/100 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 Highlight Tech (ROCO:6208), the current Operating Income is NT$320 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 Highlight Tech (ROCO:6208) Overvalued in 2026?

Based on GuruFocus' analysis, Highlight Tech stock appears to be overvalued. The current stock price of NT$82.10 is trading 47.5% above its estimated GF Value™ of NT$55.65. GuruFocus considers Highlight Tech to be Significantly Overvalued.

Key valuation signals for ROCO:6208:

  • Operating Income: NT$320 Mil
  • GF Value™: NT$55.65 vs. price of NT$82.10 (47.5% above fair value)
  • GF Score™: 64/100 with 7 warning signs

No single metric tells the full story. See the ROCO:6208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Highlight Tech Business Description

Address No. 8, Huoshui Raod, Xinshi District, Tainan, TWN, 744092
Highlight Tech Corp is a manufacturer of vacuum technology equipment and a supplier of comprehensive integration services in the vacuum field. Its product includes a vacuum chamber, valves, a pump, and automation equipment. Its vacuum coating technology is used in 3C products, semiconductors, optoelectronics, the touch panel industry, and the solar photovoltaic industry. The Group mainly operates in regions: Taiwan, Japan, the USA, and China.
64GF Score

Get the complete analysis for ROCO:6208

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

NT$82.10
Price
NT$55.65
GF Value