Powertip Image (ROCO:6498) Operating Income: NT$404 Mil (TTM As of Mar. 2026)

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ROCO:6498 Powertip Image Corp ROCO:6498
85 GF Score
Price NT$74.80
GF Value NT$112.01
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Powertip Image Operating Income?

Powertip Image ROCO:6498 +0.40% 85 Operating Income is NT$404 Mil as of Mar. 2026. GuruFocus rates ROCO:6498 with a GF Score™ of 85/100 and a GF Value™ of NT$112.01 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Powertip Image's Operating Income for the three months ended in Mar. 2026 was NT$101 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$404 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Powertip Image's Operating Income for the three months ended in Mar. 2026 was NT$101 Mil. Powertip Image's Revenue for the three months ended in Mar. 2026 was NT$345 Mil. Therefore, Powertip Image's Operating Margin % for the quarter that ended in Mar. 2026 was 29.31%.

Good Sign:

Powertip Image Corp operating margin is expanding. Margin expansion is usually a good sign.

Powertip Image's 5-Year average Growth Rate for Operating Margin % was 12.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Powertip Image's annualized ROC % for the quarter that ended in Mar. 2026 was 48.01%. Powertip Image's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 121.55%.


Powertip Image  (ROCO:6498) Operating Income Explanation

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

Powertip Image's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=404.484 * ( 1 - 25.99% )/( (621.398 + 625.714)/ 2 )
=299.3586084/623.556
=48.01 %

where

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))
=2421.565 - 452.001 - ( 1399.214 - max(0, 648.533 - 1996.699+1399.214))
=621.398

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))
=2581.647 - 736.6 - ( 1584.853 - max(0, 933.239 - 2152.572+1584.853))
=625.714

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

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

Powertip Image's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=447.648/( ( (365.913 + max(-46.622, 0)) + (370.646 + max(-359.832, 0)) )/ 2 )
=447.648/( ( 365.913 + 370.646 )/ 2 )
=447.648/368.2795
=121.55 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(501.107 + 63.635 + 32.743) - (452.001 + 0 + 192.106)
=-46.622

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(454.88 + 82.243 + 30.596) - (736.6 + 0 + 190.951)
=-359.832

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Powertip Image's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=101.121/345.005
=29.31 %

* 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.


Powertip Image Operating Income Related Terms


Powertip Image Operating Income Historical Data

* Premium members only.

The historical data trend for Powertip Image'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.

Powertip Image Operating Income Chart

Powertip Image 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 192.45 153.76 304.24 311.98 385.01

Powertip Image Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 82.59 92.41 111.62 98.40 101.12
ROCO:6498
85GF Score
Powertip Image Corp ROCO:6498
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Powertip Image 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$404 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$404 Mil mean?
Powertip Image (ROCO:6498) has a Operating Income of NT$404 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Powertip Image and its competitors.
Is Powertip Image's Operating Income too high?
Powertip Image's current Operating Income is NT$404 Mil. Overall, Powertip Image has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Powertip Image's Operating Income compare to APH and GLW?
Powertip Image's Operating Income of NT$404 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 Powertip Image and its competitors. Powertip Image's current Operating Income is NT$404 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powertip Image stock overvalued right now?
Based on GuruFocus' analysis, Powertip Image (ROCO:6498) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$112.01, compared to a current price of NT$74.80 — trading 33.2% below its estimated fair value. The current Operating Income is NT$404 Mil. Powertip Image's overall GF Score™ is 85/100 with 1 warning sign 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 Powertip Image (ROCO:6498), the current Operating Income is NT$404 Mil as of Mar. 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 Powertip Image (ROCO:6498) Overvalued in 2026?

Based on GuruFocus' analysis, Powertip Image stock appears to be undervalued. The current stock price of NT$74.80 is trading 33.2% below its estimated GF Value™ of NT$112.01. GuruFocus considers Powertip Image to be Significantly Undervalued.

Key valuation signals for ROCO:6498:

  • Operating Income: NT$404 Mil
  • GF Value™: NT$112.01 vs. price of NT$74.80 (33.2% below fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the ROCO:6498 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Powertip Image Business Description

Address 3rd Floor, No.8, Gongyequ 6th Road, Xitun District, Taichung, TWN, 40755
Powertip Image Corp is a manufacturer of small to mid-size full-color TFT and monochrome displays as well as resistive and capacitive touch panels. The company's product lines include Embedded solutions, Evaluation board, EM Touch, VATN/PBT LCD Modules and Graphic LCD Modules among others. It earns revenue from sales of lens products.
85GF Score

Get the complete analysis for ROCO:6498

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

NT$74.80
Price
NT$112.01
GF Value