Rayzher Industrial Co (ROCO:7703) Operating Income: NT$302 Mil (TTM As of Jun. 2026)

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ROCO:7703 Rayzher Industrial Co Ltd ROCO:7703
47 GF Score
Price NT$179.00
! 4 Warning Signs
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What is Rayzher Industrial Co Operating Income?

Rayzher Industrial Co ROCO:7703 +0.56% 47 Operating Income is NT$302 Mil as of Jun. 2026. GuruFocus rates ROCO:7703 with a GF Score™ of 47/100. The stock has 4 warning signs investors should review.

Rayzher Industrial Co's Operating Income for the three months ended in Jun. 2026 was NT$86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$302 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Rayzher Industrial Co's Operating Income for the three months ended in Jun. 2026 was NT$86 Mil. Rayzher Industrial Co's Revenue for the three months ended in Jun. 2026 was NT$771 Mil. Therefore, Rayzher Industrial Co's Operating Margin % for the quarter that ended in Jun. 2026 was 11.18%.

Warning Sign:

Rayzher Industrial Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2.6%.

Rayzher Industrial Co's 5-Year average Growth Rate for Operating Margin % was -2.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rayzher Industrial Co's annualized ROC % for the quarter that ended in Jun. 2026 was 20.88%. Rayzher Industrial Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 75.96%.


Rayzher Industrial Co  (ROCO:7703) Operating Income Explanation

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

Rayzher Industrial 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 )
=344.832 * ( 1 - 7.1% )/( (1431.141 + 1638.055)/ 2 )
=320.348928/1534.598
=20.88 %

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))
=3095.989 - 734.967 - ( 929.881 - max(0, 1110.54 - 2423.538+929.881))
=1431.141

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))
=3461.402 - 899.075 - ( 924.272 - max(0, 1392.837 - 2784.817+924.272))
=1638.055

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

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

Rayzher Industrial 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 )
=362.056/( ( (322.082 + max(-217.695, 0)) + (631.144 + max(-333.11, 0)) )/ 2 )
=362.056/( ( 322.082 + 631.144 )/ 2 )
=362.056/476.613
=75.96 %

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)
=(450.22 + 118.608 + 34.735) - (734.967 + 0 + 86.291)
=-217.695

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(527.423 + 170.112 + 40.772) - (899.075 + 0 + 172.342)
=-333.11

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 %:

Rayzher Industrial 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 )
=86.208/770.89
=11.18 %

* 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.


Rayzher Industrial Co Operating Income Related Terms


Rayzher Industrial Co Operating Income Historical Data

* Premium members only.

The historical data trend for Rayzher Industrial 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.

Rayzher Industrial Co Operating Income Chart

Rayzher Industrial Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 167.96 450.99 303.34 266.21 373.32

Rayzher Industrial Co Quarterly Data
Dec19 Dec20 Dec21 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 128.51 79.14 94.44 42.38 86.21
ROCO:7703
47GF Score
Rayzher Industrial Co Ltd ROCO:7703
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Rayzher Industrial 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$302 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$302 Mil mean?
Rayzher Industrial Co (ROCO:7703) has a Operating Income of NT$302 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Rayzher Industrial Co and its competitors.
Is Rayzher Industrial Co's Operating Income too high?
Rayzher Industrial Co's current Operating Income is NT$302 Mil. Overall, Rayzher Industrial Co has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Rayzher Industrial Co's Operating Income compare to PWR and FIX?
Rayzher Industrial Co's Operating Income of NT$302 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Rayzher Industrial Co and its competitors. Rayzher Industrial Co's current Operating Income is NT$302 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rayzher Industrial Co stock overvalued right now?
Rayzher Industrial Co (ROCO:7703) has a current Operating Income of NT$302 Mil. The current Operating Income is NT$302 Mil. Rayzher Industrial Co's overall GF Score™ is 47/100 with 4 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 Rayzher Industrial Co (ROCO:7703), the current Operating Income is NT$302 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.

Rayzher Industrial Co Business Description

Address Jiafeng South Road, 9th Floor, No. 76, Section 2, Hsinchu County, Zhubei, TWN, 302054
Rayzher Industrial Co Ltd is engaged mainly in the piping design, planning, and engineering management of equipment and facility systems related to high tech plants; the agency, manufacture, and installation of special gas supply systems; and the import and export sales of instruments, materials, and spare parts required for semiconductor equipment.
47GF Score

Get the complete analysis for ROCO:7703

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

NT$179.00
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