Honor Seiki Co (ROCO:7709) Operating Income: NT$109 Mil (TTM As of Mar. 2026)

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:7709 Honor Seiki Co Ltd ROCO:7709
43 GF Score
Price NT$72.60
! 4 Warning Signs
View Full Analysis

What is Honor Seiki Co Operating Income?

Honor Seiki Co ROCO:7709 43 Operating Income is NT$109 Mil as of Mar. 2026. GuruFocus rates ROCO:7709 with a GF Score™ of 43/100. The stock has 4 warning signs investors should review.

Honor Seiki Co's Operating Income for the three months ended in Mar. 2026 was NT$7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$109 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Honor Seiki Co's Operating Income for the three months ended in Mar. 2026 was NT$7 Mil. Honor Seiki Co's Revenue for the three months ended in Mar. 2026 was NT$184 Mil. Therefore, Honor Seiki Co's Operating Margin % for the quarter that ended in Mar. 2026 was 3.54%.

Good Sign:

Honor Seiki Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Honor Seiki Co's 5-Year average Growth Rate for Operating Margin % was 15.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honor Seiki Co's annualized ROC % for the quarter that ended in Mar. 2026 was 1.50%. Honor Seiki Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.90%.

Honor Seiki Co  (ROCO:7709) Operating Income Explanation

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

Honor Seiki Co'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 )
=26.056 * ( 1 - 18.47% )/( (1323.317 + 1504.501)/ 2 )
=21.2434568/1413.909
=1.50 %

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))
=2306.009 - 303.402 - ( 679.29 - max(0, 606.887 - 1482.445+679.29))
=1323.317

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))
=2448.661 - 388.672 - ( 555.488 - max(0, 703.972 - 1588.327+555.488))
=1504.501

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

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

Honor Seiki Co'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 )
=73.04/( ( (793.79 + max(366.415, 0)) + (831.054 + max(484.103, 0)) )/ 2 )
=73.04/( ( 1160.205 + 1315.157 )/ 2 )
=73.04/1237.681
=5.90 %

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)
=(91.016 + 683.081 + 28.381) - (303.402 + 0 + 132.661)
=366.415

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(131.226 + 768.035 + 118.283) - (388.672 + 0 + 144.769)
=484.103

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 %:

Honor Seiki Co'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 )
=6.514/183.912
=3.54 %

* 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.

Honor Seiki Co Operating Income Related Terms

Honor Seiki Co Operating Income Historical Data

* Premium members only.

The historical data trend for Honor Seiki 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.

Honor Seiki Co Operating Income Chart

Honor Seiki Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 70.08 96.43 156.59 158.22 104.17

Honor Seiki Co Quarterly Data
Dec20 Dec21 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 1.64 37.22 9.94 55.38 6.51
ROCO:7709
43GF Score
Honor Seiki Co Ltd ROCO:7709
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honor Seiki 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$109 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$109 Mil mean?
Honor Seiki Co (ROCO:7709) has a Operating Income of NT$109 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honor Seiki Co and its competitors.
Is Honor Seiki Co's Operating Income too high?
Honor Seiki Co's current Operating Income is NT$109 Mil. Overall, Honor Seiki Co has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Honor Seiki Co's Operating Income compare to GEV and ETN?
Honor Seiki Co's Operating Income of NT$109 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 Honor Seiki Co and its competitors. Honor Seiki Co's current Operating Income is NT$109 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honor Seiki Co stock overvalued right now?
Honor Seiki Co (ROCO:7709) has a current Operating Income of NT$109 Mil. The current Operating Income is NT$109 Mil. Honor Seiki Co's overall GF Score™ is 43/100 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 Honor Seiki Co (ROCO:7709), the current Operating Income is NT$109 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.

Honor Seiki Co Business Description

Address No. 6, Zhongshan Road, Section II, Hunei District, Kaohsiung, TWN
Honor Seiki Co Ltd is engaged in the business of manufacturing, trading, designing, and installing various hardware and mechanical products. It mainly focuses on the production of Vertical lathes, and its main product offerings are CNC Vertical Lathe, CNC Vertical Turning Center and, CNC Vertical Grinding Machine, CNC Planar Turning/Milling/Grinding Center, and CNC special-purpose machines.
43GF Score

Get the complete analysis for ROCO:7709

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

NT$72.60
Price