Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Operating Income: NT$3,407 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.

TPE:1215 Charoen Pokphand Enterprise(Taiwan) Co Ltd TPE:1215
88 GF Score
Price NT$109.00
GF Value NT$103.48
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Charoen Pokphand Enterprise(Taiwan) Co Operating Income?

Charoen Pokphand Enterprise(Taiwan) Co TPE:1215 +0.93% 88 Operating Income is NT$3,407 Mil as of Mar. 2026. GuruFocus rates TPE:1215 with a GF Score™ of 88/100 and a GF Value™ of NT$103.48 (Fairly Valued). The stock has 4 warning signs investors should review.

Charoen Pokphand Enterprise(Taiwan) Co's Operating Income for the three months ended in Mar. 2026 was NT$576 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$3,407 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Charoen Pokphand Enterprise(Taiwan) Co's Operating Income for the three months ended in Mar. 2026 was NT$576 Mil. Charoen Pokphand Enterprise(Taiwan) Co's Revenue for the three months ended in Mar. 2026 was NT$7,176 Mil. Therefore, Charoen Pokphand Enterprise(Taiwan) Co's Operating Margin % for the quarter that ended in Mar. 2026 was 8.03%.

Good Sign:

Charoen Pokphand Enterprise(Taiwan) Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Charoen Pokphand Enterprise(Taiwan) Co's 5-Year average Growth Rate for Operating Margin % was 9.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Charoen Pokphand Enterprise(Taiwan) Co's annualized ROC % for the quarter that ended in Mar. 2026 was 5.71%. Charoen Pokphand Enterprise(Taiwan) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.86%.


Charoen Pokphand Enterprise(Taiwan) Co  (TPE:1215) Operating Income Explanation

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

Charoen Pokphand Enterprise(Taiwan) 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 )
=2305.152 * ( 1 - 26.94% )/( (28922.967 + 30077.645)/ 2 )
=1684.1440512/29500.306
=5.71 %

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))
=31864.77 - 3323.969 - ( 1147.99 - max(0, 9580.121 - 9197.955+1147.99))
=28922.967

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))
=32536.484 - 5014.456 - ( 1594.47 - max(0, 11730.317 - 9174.7+1594.47))
=30077.645

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

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

Charoen Pokphand Enterprise(Taiwan) 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 )
=2314.452/( ( (17924.406 + max(4350.985, 0)) + (18110.564 + max(2252.37, 0)) )/ 2 )
=2314.452/( ( 22275.391 + 20362.934 )/ 2 )
=2314.452/21319.1625
=10.86 %

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)
=(2671.423 + 4518.653 + 484.878) - (3323.969 + 0 + 0)
=4350.985

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2515.695 + 4271.464 + 479.667) - (5014.456 + 0 + 0)
=2252.37

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 %:

Charoen Pokphand Enterprise(Taiwan) 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 )
=576.288/7176.319
=8.03 %

* 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.


Charoen Pokphand Enterprise(Taiwan) Co Operating Income Related Terms


Charoen Pokphand Enterprise(Taiwan) Co Operating Income Historical Data

* Premium members only.

The historical data trend for Charoen Pokphand Enterprise(Taiwan) 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.

Charoen Pokphand Enterprise(Taiwan) Co Operating Income Chart

Charoen Pokphand Enterprise(Taiwan) Co 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 1,600.55 1,996.29 2,951.07 2,292.16 3,755.50

Charoen Pokphand Enterprise(Taiwan) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 924.62 908.61 1,009.04 913.23 576.29
TPE:1215
88GF Score
Charoen Pokphand Enterprise(Taiwan) Co Ltd TPE:1215
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Charoen Pokphand Enterprise(Taiwan) 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$3,407 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$3,407 Mil mean?
Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) has a Operating Income of NT$3,407 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Charoen Pokphand Enterprise(Taiwan) Co and its competitors.
Is Charoen Pokphand Enterprise(Taiwan) Co's Operating Income too high?
Charoen Pokphand Enterprise(Taiwan) Co's current Operating Income is NT$3,407 Mil. Overall, Charoen Pokphand Enterprise(Taiwan) Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Charoen Pokphand Enterprise(Taiwan) Co's Operating Income compare to KHC and GIS?
Charoen Pokphand Enterprise(Taiwan) Co's Operating Income of NT$3,407 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Charoen Pokphand Enterprise(Taiwan) Co and its competitors. Charoen Pokphand Enterprise(Taiwan) Co's current Operating Income is NT$3,407 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charoen Pokphand Enterprise(Taiwan) Co stock overvalued right now?
Based on GuruFocus' analysis, Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) is currently considered Fairly Valued. The stock's GF Value™ is NT$103.48, compared to a current price of NT$109.00 — trading 5.3% above its estimated fair value. The current Operating Income is NT$3,407 Mil. Charoen Pokphand Enterprise(Taiwan) Co's overall GF Score™ is 88/100 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 Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215), the current Operating Income is NT$3,407 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.

Is Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Overvalued in 2026?

Based on GuruFocus' analysis, Charoen Pokphand Enterprise(Taiwan) Co stock appears to be overvalued. The current stock price of NT$109.00 is trading 5.3% above its estimated GF Value™ of NT$103.48. GuruFocus considers Charoen Pokphand Enterprise(Taiwan) Co to be Fairly Valued.

Key valuation signals for TPE:1215:

  • Operating Income: NT$3,407 Mil
  • GF Value™: NT$103.48 vs. price of NT$109.00 (5.3% above fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the TPE:1215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Charoen Pokphand Enterprise(Taiwan) Co Business Description

Address Songjiang Road, No. 87, 17th Floor, Taipei, TWN, 104
Charoen Pokphand Enterprise(Taiwan) Co Ltd is a poultry processing company based in Taiwan. Its products include processed meat products, feedstuff, and processed cooked feedstuff, including chicken floss, hams, chicken nuggets, chicken chops, bacon, and others. The Group's reportable segments are: Feeds, Meat processing, Food processing, and Husbandry. Maximum revenue is generated from the Feed business, which is engaged in the manufacture and sale of animal feeds and the wholesale of commodity. The Meat processing business deals with the electric slaughter of livestock; the Food processing segment processes meat products; and the Husbandry segment is engaged in the husbandry management of chickens to produce eggs and meat. Geographically, the Group derives all its revenue from Taiwan.
88GF Score

Get the complete analysis for TPE:1215

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

NT$109.00
Price
NT$103.48
GF Value