APEX Wind Power Equipment Manufacturing (ROCO:7702) Operating Income: NT$22 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:7702 APEX Wind Power Equipment Manufacturing ROCO:7702
15 GF Score
Price NT$21.00
! 7 Warning Signs
View Full Analysis

What is APEX Wind Power Equipment Manufacturing Operating Income?

APEX Wind Power Equipment Manufacturing ROCO:7702 15 Operating Income is NT$22 Mil as of Dec. 2025. GuruFocus rates ROCO:7702 with a GF Score™ of 15/100. The stock has 7 warning signs investors should review.

APEX Wind Power Equipment Manufacturing's Operating Income for the six months ended in Dec. 2025 was NT$-17 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$22 Mil.

Warning Sign:

APEX Wind Power Equipment Manufacturing 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. APEX Wind Power Equipment Manufacturing's Operating Income for the six months ended in Dec. 2025 was NT$-17 Mil. APEX Wind Power Equipment Manufacturing's Revenue for the six months ended in Dec. 2025 was NT$122 Mil. Therefore, APEX Wind Power Equipment Manufacturing's Operating Margin % for the quarter that ended in Dec. 2025 was -14.11%.

APEX Wind Power Equipment Manufacturing'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. APEX Wind Power Equipment Manufacturing's annualized ROC % for the quarter that ended in Dec. 2025 was -1.73%. APEX Wind Power Equipment Manufacturing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -0.70%.

APEX Wind Power Equipment Manufacturing  (ROCO:7702) Operating Income Explanation

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

APEX Wind Power Equipment Manufacturing's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-34.538 * ( 1 - 25.52% )/( (1681.423 + 1290.215)/ 2 )
=-25.7239024/1485.819
=-1.73 %

where

Invested Capital(Q: Jun. 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))
=1865.994 - 57.548 - ( 127.023 - max(0, 539.053 - 726.894+127.023))
=1681.423

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))
=1445.757 - 17.619 - ( 137.923 - max(0, 142.675 - 343.506+137.923))
=1290.215

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

APEX Wind Power Equipment Manufacturing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-9.152/( ( (1063.21 + max(457.826, 0)) + (1002.421 + max(96.497, 0)) )/ 2 )
=-9.152/( ( 1521.036 + 1098.918 )/ 2 )
=-9.152/1309.977
=-0.70 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(522.635 + 3.918 + 15.732) - (57.548 + 0 + 26.911)
=457.826

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(99.851 + 4.187 + 82.27) - (17.619 + 0 + 72.192)
=96.497

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

APEX Wind Power Equipment Manufacturing's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-17.269/122.392
=-14.11 %

* 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.

APEX Wind Power Equipment Manufacturing Operating Income Related Terms

APEX Wind Power Equipment Manufacturing Operating Income Historical Data

* Premium members only.

The historical data trend for APEX Wind Power Equipment Manufacturing'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.

APEX Wind Power Equipment Manufacturing Operating Income Chart

APEX Wind Power Equipment Manufacturing Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
68.75 42.77 144.02 -24.37 22.14

APEX Wind Power Equipment Manufacturing Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only 94.93 9.65 -34.02 39.41 -17.27
ROCO:7702
15GF Score
APEX Wind Power Equipment Manufacturing ROCO:7702
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

APEX Wind Power Equipment Manufacturing 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$22 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$22 Mil mean?
APEX Wind Power Equipment Manufacturing (ROCO:7702) has a Operating Income of NT$22 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on APEX Wind Power Equipment Manufacturing and its competitors.
Is APEX Wind Power Equipment Manufacturing's Operating Income too high?
APEX Wind Power Equipment Manufacturing's current Operating Income is NT$22 Mil. Overall, APEX Wind Power Equipment Manufacturing has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does APEX Wind Power Equipment Manufacturing's Operating Income compare to CRS and ATI?
APEX Wind Power Equipment Manufacturing's Operating Income of NT$22 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 APEX Wind Power Equipment Manufacturing and its competitors. APEX Wind Power Equipment Manufacturing's current Operating Income is NT$22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APEX Wind Power Equipment Manufacturing stock overvalued right now?
APEX Wind Power Equipment Manufacturing (ROCO:7702) has a current Operating Income of NT$22 Mil. The current Operating Income is NT$22 Mil. APEX Wind Power Equipment Manufacturing's overall GF Score™ is 15/100 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 APEX Wind Power Equipment Manufacturing (ROCO:7702), the current Operating Income is NT$22 Mil as of Dec. 2025. 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.

APEX Wind Power Equipment Manufacturing Business Description

Address 17F, No. 97, Sec. 4 Road, Chongxin Road, Sanchong District, New Taipei, TWN, 24161
APEX Wind Power Equipment Manufacturing is a company that provides services ranging from steel plate storage, flame cutting (CNC), edge beveling, plate rolling, SAW submerged arc welding, to finished product related dimensional measurement and non-destructive test, APEX's one-stop service satisfies all clients with first-class products. It has great steel structure processing abilities and provides clients with the good services.
15GF Score

Get the complete analysis for ROCO:7702

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

NT$21.00
Price