Tatung System Technologies (ROCO:8099) Operating Income: NT$391 Mil (TTM As of Jun. 2026)

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ROCO:8099 Tatung System Technologies Inc ROCO:8099
77 GF Score
Price NT$58.90
GF Value NT$89.41
Valuation Significantly Undervalued
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What is Tatung System Technologies Operating Income?

Tatung System Technologies ROCO:8099 +0.34% 77 Operating Income is NT$391 Mil as of Jun. 2026. GuruFocus rates ROCO:8099 with a GF Score™ of 77/100 and a GF Value™ of NT$89.41 (Significantly Undervalued).

Tatung System Technologies's Operating Income for the three months ended in Jun. 2026 was NT$102 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$391 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tatung System Technologies's Operating Income for the three months ended in Jun. 2026 was NT$102 Mil. Tatung System Technologies's Revenue for the three months ended in Jun. 2026 was NT$1,360 Mil. Therefore, Tatung System Technologies's Operating Margin % for the quarter that ended in Jun. 2026 was 7.49%.

Good Sign:

Tatung System Technologies Inc operating margin is expanding. Margin expansion is usually a good sign.

Tatung System Technologies's 5-Year average Growth Rate for Operating Margin % was 9.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tatung System Technologies's annualized ROC % for the quarter that ended in Jun. 2026 was 30.15%. Tatung System Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 119.92%.


Tatung System Technologies  (ROCO:8099) Operating Income Explanation

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

Tatung System Technologies'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 )
=407.22 * ( 1 - 25.05% )/( (1184.531 + 840.334)/ 2 )
=305.21139/1012.4325
=30.15 %

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))
=3685.54 - 1594.83 - ( 906.179 - max(0, 1751.808 - 3287.545+906.179))
=1184.531

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))
=3772.301 - 1836.488 - ( 1095.479 - max(0, 1989.34 - 3306.098+1095.479))
=840.334

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

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

Tatung System Technologies'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 )
=424.14/( ( (124.023 + max(453.952, 0)) + (129.421 + max(-13.978, 0)) )/ 2 )
=424.14/( ( 577.975 + 129.421 )/ 2 )
=424.14/353.698
=119.92 %

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)
=(1521.376 + 638.468 + 17.012) - (1594.83 + 0 + 128.074)
=453.952

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1126.439 + 793.306 + 25.815) - (1836.488 + 0 + 123.05)
=-13.978

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 %:

Tatung System Technologies'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 )
=101.805/1360.096
=7.49 %

* 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.


Tatung System Technologies Operating Income Related Terms


Tatung System Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Tatung System Technologies'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.

Tatung System Technologies Operating Income Chart

Tatung System Technologies 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 214.09 194.41 212.30 224.73 307.58

Tatung System Technologies 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 54.24 81.81 119.38 88.45 101.81
ROCO:8099
77GF Score
Tatung System Technologies Inc ROCO:8099
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tatung System Technologies 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$391 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$391 Mil mean?
Tatung System Technologies (ROCO:8099) has a Operating Income of NT$391 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tatung System Technologies and its competitors.
Is Tatung System Technologies' Operating Income too high?
Tatung System Technologies' current Operating Income is NT$391 Mil. Overall, Tatung System Technologies has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tatung System Technologies' Operating Income compare to IBM and ACN?
Tatung System Technologies' Operating Income of NT$391 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Tatung System Technologies and its competitors. Tatung System Technologies's current Operating Income is NT$391 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tatung System Technologies stock overvalued right now?
Based on GuruFocus' analysis, Tatung System Technologies (ROCO:8099) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$89.41, compared to a current price of NT$58.90 — trading 34.1% below its estimated fair value. The current Operating Income is NT$391 Mil. Tatung System Technologies' overall GF Score™ is 77/100. 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 Tatung System Technologies (ROCO:8099), the current Operating Income is NT$391 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 Tatung System Technologies (ROCO:8099) Overvalued in 2026?

Based on GuruFocus' analysis, Tatung System Technologies stock appears to be undervalued. The current stock price of NT$58.90 is trading 34.1% below its estimated GF Value™ of NT$89.41. GuruFocus considers Tatung System Technologies to be Significantly Undervalued.

Key valuation signals for ROCO:8099:

  • Operating Income: NT$391 Mil
  • GF Value™: NT$89.41 vs. price of NT$58.90 (34.1% below fair value)
  • GF Score™: 77/100

No single metric tells the full story. See the ROCO:8099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tatung System Technologies Business Description

Address No.22, Section 3, Chung-shan North Road, Zhongshan Dist, Taipei, TWN, 104
Tatung System Technologies Inc is engaged in software and hardware sales related to computer, communications and cybersecurity; custom made system integration consulting and services; providing value-added industrial application solutions. Its solutions cover OneAi Solution, Cyber Security Zero Trust Architecture, Modern Data Center, Modern Work, and UC Collaboration. The company generates revenue from the distribution and maintenance of computers and peripherals, research, design, development, and sale of computer software/hardware, and informatization and digital transformation services.
77GF Score

Get the complete analysis for ROCO:8099

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

NT$58.90
Price
NT$89.41
GF Value