Shuang-Bang Industrial (ROCO:6506) Operating Income: NT$174 Mil (TTM As of Jun. 2026)

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ROCO:6506 Shuang-Bang Industrial Corp ROCO:6506
68 GF Score
Price NT$17.35
GF Value NT$18.65
Valuation Fairly Valued
! 5 Warning Signs
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What is Shuang-Bang Industrial Operating Income?

Shuang-Bang Industrial ROCO:6506 +0.58% 68 Operating Income is NT$174 Mil as of Jun. 2026. GuruFocus rates ROCO:6506 with a GF Score™ of 68/100 and a GF Value™ of NT$18.65 (Fairly Valued). The stock has 5 warning signs investors should review.

Shuang-Bang Industrial's Operating Income for the three months ended in Jun. 2026 was NT$60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$174 Mil.

Warning Sign:

Shuang-Bang Industrial Corp has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shuang-Bang Industrial's Operating Income for the three months ended in Jun. 2026 was NT$60 Mil. Shuang-Bang Industrial's Revenue for the three months ended in Jun. 2026 was NT$546 Mil. Therefore, Shuang-Bang Industrial's Operating Margin % for the quarter that ended in Jun. 2026 was 10.96%.

Shuang-Bang Industrial'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. Shuang-Bang Industrial's annualized ROC % for the quarter that ended in Jun. 2026 was 9.33%. Shuang-Bang Industrial's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.32%.


Shuang-Bang Industrial  (ROCO:6506) Operating Income Explanation

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

Shuang-Bang Industrial'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 )
=239.208 * ( 1 - 20% )/( (2030.582 + 2072.897)/ 2 )
=191.3664/2051.7395
=9.33 %

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))
=2640.669 - 462.57 - ( 147.517 - max(0, 796.452 - 962.785+147.517))
=2030.582

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))
=2713.332 - 464.375 - ( 176.06 - max(0, 852.492 - 1045.574+176.06))
=2072.897

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

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

Shuang-Bang Industrial'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 )
=250.464/( ( (1596.356 + max(270.875, 0)) + (1580.31 + max(312.788, 0)) )/ 2 )
=250.464/( ( 1867.231 + 1893.098 )/ 2 )
=250.464/1880.1645
=13.32 %

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)
=(442.085 + 282.399 + 25.114) - (462.57 + 0 + 16.153)
=270.875

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(419.012 + 339.37 + 32.548) - (464.375 + 0 + 13.767)
=312.788

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 %:

Shuang-Bang Industrial'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 )
=59.802/545.692
=10.96 %

* 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.


Shuang-Bang Industrial Operating Income Related Terms


Shuang-Bang Industrial Operating Income Historical Data

* Premium members only.

The historical data trend for Shuang-Bang Industrial'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.

Shuang-Bang Industrial Operating Income Chart

Shuang-Bang Industrial 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 87.33 78.67 -51.53 63.48 124.86

Shuang-Bang Industrial 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 31.25 23.55 26.32 64.80 59.80
ROCO:6506
68GF Score
Shuang-Bang Industrial Corp ROCO:6506
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shuang-Bang Industrial 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$174 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$174 Mil mean?
Shuang-Bang Industrial (ROCO:6506) has a Operating Income of NT$174 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shuang-Bang Industrial and its competitors.
Is Shuang-Bang Industrial's Operating Income too high?
Shuang-Bang Industrial's current Operating Income is NT$174 Mil. Overall, Shuang-Bang Industrial has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shuang-Bang Industrial's Operating Income compare to LIN and SHW?
Shuang-Bang Industrial's Operating Income of NT$174 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 Shuang-Bang Industrial and its competitors. Shuang-Bang Industrial's current Operating Income is NT$174 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shuang-Bang Industrial stock overvalued right now?
Based on GuruFocus' analysis, Shuang-Bang Industrial (ROCO:6506) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.65, compared to a current price of NT$17.35 — trading 7% below its estimated fair value. The current Operating Income is NT$174 Mil. Shuang-Bang Industrial's overall GF Score™ is 68/100 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 Shuang-Bang Industrial (ROCO:6506), the current Operating Income is NT$174 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 Shuang-Bang Industrial (ROCO:6506) Overvalued in 2026?

Based on GuruFocus' analysis, Shuang-Bang Industrial stock appears to be undervalued. The current stock price of NT$17.35 is trading 7% below its estimated GF Value™ of NT$18.65. GuruFocus considers Shuang-Bang Industrial to be Fairly Valued.

Key valuation signals for ROCO:6506:

  • Operating Income: NT$174 Mil
  • GF Value™: NT$18.65 vs. price of NT$17.35 (7% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the ROCO:6506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shuang-Bang Industrial Business Description

Address No. 3 Yongsing Road, Nankang Industrial District, Nantou City, TWN, 540
Shuang-Bang Industrial Corp is engaged in the manufacturing of PU resin for shoes, coating and lamination, hardener, and Thermoplastic Polyurethane (TPU) and the sales of photoinitiators. The group has four segments, including coating and lamination, polymer, TPU, and sports. It generates the majority of its revenue from the coating and lamination segment engaged in manufacturing. The TPU segment is engaged in manufacturing of PU resin for shoes, coating and lamination, hardener, and Thermoplastic Polyurethane (TPU) and sales of photo initiators.
68GF Score

Get the complete analysis for ROCO:6506

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

NT$17.35
Price
NT$18.65
GF Value