Chunghwa Precision Test Tech Co (ROCO:6510) Operating Income: NT$1,593 Mil (TTM As of Jun. 2026)

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ROCO:6510 Chunghwa Precision Test Tech Co Ltd ROCO:6510
81 GF Score
Price NT$2,765.00
GF Value NT$1,168.30
Valuation Significantly Overvalued
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What is Chunghwa Precision Test Tech Co Operating Income?

Chunghwa Precision Test Tech Co ROCO:6510 -3.99% 81 Operating Income is NT$1,593 Mil as of Jun. 2026. GuruFocus rates ROCO:6510 with a GF Score™ of 81/100 and a GF Value™ of NT$1,168.30 (Significantly Overvalued).

Chunghwa Precision Test Tech Co's Operating Income for the three months ended in Jun. 2026 was NT$570 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$1,593 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Chunghwa Precision Test Tech Co's Operating Income for the three months ended in Jun. 2026 was NT$570 Mil. Chunghwa Precision Test Tech Co's Revenue for the three months ended in Jun. 2026 was NT$1,640 Mil. Therefore, Chunghwa Precision Test Tech Co's Operating Margin % for the quarter that ended in Jun. 2026 was 34.75%.

Chunghwa Precision Test Tech 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. Chunghwa Precision Test Tech Co's annualized ROC % for the quarter that ended in Jun. 2026 was 38.73%. Chunghwa Precision Test Tech Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 58.79%.


Chunghwa Precision Test Tech Co  (ROCO:6510) Operating Income Explanation

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

Chunghwa Precision Test Tech 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 )
=2278.856 * ( 1 - 17.33% )/( (4875.176 + 4852.326)/ 2 )
=1883.9302552/4863.751
=38.73 %

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))
=13231.617 - 1120.872 - ( 7235.569 - max(0, 1476.942 - 9080.342+7235.569))
=4875.176

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))
=14080.198 - 1802.292 - ( 7425.58 - max(0, 2252.105 - 9833.287+7425.58))
=4852.326

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

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

Chunghwa Precision Test Tech 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 )
=2415.992/( ( (3833.985 + max(382.451, 0)) + (3833.293 + max(168.775, 0)) )/ 2 )
=2415.992/( ( 4216.436 + 4002.068 )/ 2 )
=2415.992/4109.252
=58.79 %

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)
=(780.68 + 1018.372 + 45.721) - (1120.872 + 0 + 341.45)
=382.451

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1052.982 + 1318.086 + 36.638999999999) - (1802.292 + 0 + 436.64)
=168.775

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 %:

Chunghwa Precision Test Tech 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 )
=569.714/1639.598
=34.75 %

* 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.


Chunghwa Precision Test Tech Co Operating Income Related Terms


Chunghwa Precision Test Tech Co Operating Income Historical Data

* Premium members only.

The historical data trend for Chunghwa Precision Test Tech 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.

Chunghwa Precision Test Tech Co Operating Income Chart

Chunghwa Precision Test Tech 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 1,080.84 866.34 -52.72 488.85 1,190.48

Chunghwa Precision Test Tech 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 313.89 307.10 319.43 397.20 569.71
ROCO:6510
81GF Score
Chunghwa Precision Test Tech Co Ltd ROCO:6510
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Chunghwa Precision Test Tech 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$1,593 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$1,593 Mil mean?
Chunghwa Precision Test Tech Co (ROCO:6510) has a Operating Income of NT$1,593 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Chunghwa Precision Test Tech Co and its competitors.
Is Chunghwa Precision Test Tech Co's Operating Income too high?
Chunghwa Precision Test Tech Co's current Operating Income is NT$1,593 Mil. Overall, Chunghwa Precision Test Tech Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chunghwa Precision Test Tech Co's Operating Income compare to AMAT and LRCX?
Chunghwa Precision Test Tech Co's Operating Income of NT$1,593 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 Chunghwa Precision Test Tech Co and its competitors. Chunghwa Precision Test Tech Co's current Operating Income is NT$1,593 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chunghwa Precision Test Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Chunghwa Precision Test Tech Co (ROCO:6510) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,168.30, compared to a current price of NT$2,765.00 — trading 136.7% above its estimated fair value. The current Operating Income is NT$1,593 Mil. Chunghwa Precision Test Tech Co's overall GF Score™ is 81/100. 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 Chunghwa Precision Test Tech Co (ROCO:6510), the current Operating Income is NT$1,593 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 Chunghwa Precision Test Tech Co (ROCO:6510) Overvalued in 2026?

Based on GuruFocus' analysis, Chunghwa Precision Test Tech Co stock appears to be overvalued. The current stock price of NT$2,765.00 is trading 136.7% above its estimated GF Value™ of NT$1,168.30. GuruFocus considers Chunghwa Precision Test Tech Co to be Significantly Overvalued.

Key valuation signals for ROCO:6510:

  • Operating Income: NT$1,593 Mil
  • GF Value™: NT$1,168.30 vs. price of NT$2,765.00 (136.7% above fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the ROCO:6510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chunghwa Precision Test Tech Co Business Description

Address No. 12, Industrial Road 3, Pingzhen District, Taoyuan, TWN, 32459
Chunghwa Precision Test Tech Co Ltd is engaged mainly in the testing of semiconductor components, the production of printed circuit boards, and the marketing of electronic products. The company earns operating revenue from the production and sales of semiconductor testing components and printed circuit boards, as well as other electronic products. It also earns revenue from the rendering of services such as designing and maintaining semiconductor components, printed circuit boards, and providing after-sales services. It generates maximum revenue from the sale of wafer test boards. Geographically, the company generates maximum revenue from Taiwan, followed by the United States, China, and Other regions.
81GF Score

Get the complete analysis for ROCO:6510

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

NT$2,765.00
Price
NT$1,168.30
GF Value