Pacific Image Electronics Co (ROCO:6228) Operating Income: NT$-9.50 Mil (TTM As of Jun. 2026)

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ROCO:6228 Pacific Image Electronics Co Ltd ROCO:6228
43 GF Score
Price NT$17.30
GF Value NT$29.25
Valuation Possible Value Trap
! 8 Warning Signs
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What is Pacific Image Electronics Co Operating Income?

Pacific Image Electronics Co ROCO:6228 43 Operating Income is NT$-9.50 Mil as of Jun. 2026. GuruFocus rates ROCO:6228 with a GF Score™ of 43/100 and a GF Value™ of NT$29.25 (Possible Value Trap). The stock has 8 warning signs investors should review.

Pacific Image Electronics Co's Operating Income for the three months ended in Jun. 2026 was NT$-5.74 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$-9.50 Mil.

Warning Sign:

Pacific Image Electronics Co Ltd had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pacific Image Electronics Co's Operating Income for the three months ended in Jun. 2026 was NT$-5.74 Mil. Pacific Image Electronics Co's Revenue for the three months ended in Jun. 2026 was NT$9.69 Mil. Therefore, Pacific Image Electronics Co's Operating Margin % for the quarter that ended in Jun. 2026 was -59.19%.

Warning Sign:

Pacific Image Electronics Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -41.5%.

Pacific Image Electronics Co's 5-Year average Growth Rate for Operating Margin % was -41.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pacific Image Electronics Co's annualized ROC % for the quarter that ended in Jun. 2026 was -5.73%. Pacific Image Electronics Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -8.29%.


Pacific Image Electronics Co  (ROCO:6228) Operating Income Explanation

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

Pacific Image Electronics 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 )
=-22.944 * ( 1 - 0% )/( (398.991 + 401.249)/ 2 )
=-22.944/400.12
=-5.73 %

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))
=415.058 - 8.922 - ( 108.516 - max(0, 152.716 - 159.861+108.516))
=398.991

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

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

Pacific Image Electronics 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 )
=-20.816/( ( (221.652 + max(27.737, 0)) + (220.993 + max(31.819, 0)) )/ 2 )
=-20.816/( ( 249.389 + 252.812 )/ 2 )
=-20.816/251.1005
=-8.29 %

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)
=(4.188 + 45.283 + 1.569) - (8.922 + 0 + 14.381)
=27.737

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.533 + 47.803 + 1.133) - (8.506 + 0 + 15.144)
=31.819

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 %:

Pacific Image Electronics 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 )
=-5.736/9.691
=-59.19 %

* 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.


Pacific Image Electronics Co Operating Income Related Terms


Pacific Image Electronics Co Operating Income Historical Data

* Premium members only.

The historical data trend for Pacific Image Electronics 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.

Pacific Image Electronics Co Operating Income Chart

Pacific Image Electronics 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 -0.56 -28.46 -31.90 -29.00 -8.58

Pacific Image Electronics 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 -5.65 -4.63 4.77 -3.90 -5.74
ROCO:6228
43GF Score
Pacific Image Electronics Co Ltd ROCO:6228
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pacific Image Electronics 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$-9.50 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$-9.50 Mil mean?
Pacific Image Electronics Co (ROCO:6228) has a Operating Income of NT$-9.50 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pacific Image Electronics Co and its competitors.
Is Pacific Image Electronics Co's Operating Income too high?
Pacific Image Electronics Co's current Operating Income is NT$-9.50 Mil. Overall, Pacific Image Electronics Co has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pacific Image Electronics Co's Operating Income compare to DELL and ANET?
Pacific Image Electronics Co's Operating Income of NT$-9.50 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 Pacific Image Electronics Co and its competitors. Pacific Image Electronics Co's current Operating Income is NT$-9.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Image Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Pacific Image Electronics Co (ROCO:6228) is currently considered Possible Value Trap. The stock's GF Value™ is NT$29.25, compared to a current price of NT$17.30 — trading 40.9% below its estimated fair value. The current Operating Income is NT$-9.50 Mil. Pacific Image Electronics Co's overall GF Score™ is 43/100 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 Pacific Image Electronics Co (ROCO:6228), the current Operating Income is NT$-9.50 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 Pacific Image Electronics Co (ROCO:6228) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Image Electronics Co stock appears to be undervalued. The current stock price of NT$17.30 is trading 40.9% below its estimated GF Value™ of NT$29.25. GuruFocus considers Pacific Image Electronics Co to be Possible Value Trap.

Key valuation signals for ROCO:6228:

  • Operating Income: NT$-9.50 Mil
  • GF Value™: NT$29.25 vs. price of NT$17.30 (40.9% below fair value)
  • GF Score™: 43/100 with 8 warning signs

No single metric tells the full story. See the ROCO:6228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pacific Image Electronics Co Business Description

Address Datong Road, Xizhi District, 7th Floor, No. 239, Sec. 1, New Taipei City, TWN, 221
Pacific Image Electronics Co Ltd is a scanning and imaging solution provider. It is engaged in the design and development of optical scanners, printers, and modems. The company provides design and manufacturing services to brands such as Kodak, KIS for film scanning solution.
43GF Score

Get the complete analysis for ROCO:6228

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

NT$17.30
Price
NT$29.25
GF Value