Alcor Micro (ROCO:8054) Operating Income: NT$-447 Mil (TTM As of Jun. 2026)

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ROCO:8054 Alcor Micro Corp ROCO:8054
65 GF Score
Price NT$80.00
GF Value NT$229.71
Valuation Possible Value Trap
! 5 Warning Signs
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What is Alcor Micro Operating Income?

Alcor Micro ROCO:8054 -2.79% 65 Operating Income is NT$-447 Mil as of Jun. 2026. GuruFocus rates ROCO:8054 with a GF Score™ of 65/100 and a GF Value™ of NT$229.71 (Possible Value Trap). The stock has 5 warning signs investors should review.

Alcor Micro's Operating Income for the three months ended in Jun. 2026 was NT$-119 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$-447 Mil.

Warning Sign:

Alcor Micro Corp has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alcor Micro's Operating Income for the three months ended in Jun. 2026 was NT$-119 Mil. Alcor Micro's Revenue for the three months ended in Jun. 2026 was NT$1,186 Mil. Therefore, Alcor Micro's Operating Margin % for the quarter that ended in Jun. 2026 was -10.03%.

Alcor Micro'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. Alcor Micro's annualized ROC % for the quarter that ended in Jun. 2026 was -6.92%. Alcor Micro's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -121.52%.


Alcor Micro  (ROCO:8054) Operating Income Explanation

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

Alcor Micro'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 )
=-475.752 * ( 1 - 1.49% )/( (6273.968 + 7274.143)/ 2 )
=-468.6632952/6774.0555
=-6.92 %

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))
=8019.096 - 630.715 - ( 2285.982 - max(0, 3245.889 - 4360.302+2285.982))
=6273.968

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))
=8443.125 - 378.455 - ( 2251.51 - max(0, 4041.994 - 4832.521+2251.51))
=7274.143

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

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

Alcor Micro'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 )
=-252.244/( ( (219.724 + max(-853.845, 0)) + (195.41 + max(-704.752, 0)) )/ 2 )
=-252.244/( ( 219.724 + 195.41 )/ 2 )
=-252.244/207.567
=-121.52 %

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)
=(185.813 + 248.867 + 1639.64) - (630.715 + 0 + 2297.45)
=-853.845

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(139.097 + 295.884 + 2146.03) - (378.455 + 0 + 2907.308)
=-704.752

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 %:

Alcor Micro'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 )
=-118.938/1185.978
=-10.03 %

* 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.


Alcor Micro Operating Income Related Terms


Alcor Micro Operating Income Historical Data

* Premium members only.

The historical data trend for Alcor Micro'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.

Alcor Micro Operating Income Chart

Alcor Micro 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 139.48 -26.34 -379.30 -525.45 -591.28

Alcor Micro 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 -121.55 -140.33 -151.09 -36.20 -118.94
ROCO:8054
65GF Score
Alcor Micro Corp ROCO:8054
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alcor Micro 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$-447 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$-447 Mil mean?
Alcor Micro (ROCO:8054) has a Operating Income of NT$-447 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alcor Micro and its competitors.
Is Alcor Micro's Operating Income too high?
Alcor Micro's current Operating Income is NT$-447 Mil. Overall, Alcor Micro has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alcor Micro's Operating Income compare to DELL and ANET?
Alcor Micro's Operating Income of NT$-447 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Alcor Micro and its competitors. Alcor Micro's current Operating Income is NT$-447 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alcor Micro stock overvalued right now?
Based on GuruFocus' analysis, Alcor Micro (ROCO:8054) is currently considered Possible Value Trap. The stock's GF Value™ is NT$229.71, compared to a current price of NT$80.00 — trading 65.2% below its estimated fair value. The current Operating Income is NT$-447 Mil. Alcor Micro's overall GF Score™ is 65/100 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 Alcor Micro (ROCO:8054), the current Operating Income is NT$-447 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 Alcor Micro (ROCO:8054) Overvalued in 2026?

Based on GuruFocus' analysis, Alcor Micro stock appears to be undervalued. The current stock price of NT$80.00 is trading 65.2% below its estimated GF Value™ of NT$229.71. GuruFocus considers Alcor Micro to be Possible Value Trap.

Key valuation signals for ROCO:8054:

  • Operating Income: NT$-447 Mil
  • GF Value™: NT$229.71 vs. price of NT$80.00 (65.2% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the ROCO:8054 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alcor Micro Business Description

Address No.66, Sanchong Road, 9th Floor, Nangang District, Taipei City, TWN, 115
Alcor Micro Corp designs develops, and markets integrated semiconductors as well as software solutions for personal computer peripherals and consumer electronics in Taiwan. Its products include SD card controllers, USB flash drive controllers, and SSD controllers. The Group is engaged in the design and sale of integrated circuit products and the Group operate in a single segment and product line. The company operates in China, Taiwan, Korea and Others. It derives maximum revenue from China.
65GF Score

Get the complete analysis for ROCO:8054

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

NT$80.00
Price
NT$229.71
GF Value