Standard Foods (TPE:1227) Operating Income: NT$1,422 Mil (TTM As of Mar. 2026)

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TPE:1227 Standard Foods Corp TPE:1227
76 GF Score
Price NT$28.90
GF Value NT$37.57
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Standard Foods Operating Income?

Standard Foods TPE:1227 +0.70% 76 Operating Income is NT$1,422 Mil as of Mar. 2026. GuruFocus rates TPE:1227 with a GF Score™ of 76/100 and a GF Value™ of NT$37.57 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Standard Foods's Operating Income for the three months ended in Mar. 2026 was NT$531 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$1,422 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Standard Foods's Operating Income for the three months ended in Mar. 2026 was NT$531 Mil. Standard Foods's Revenue for the three months ended in Mar. 2026 was NT$7,770 Mil. Therefore, Standard Foods's Operating Margin % for the quarter that ended in Mar. 2026 was 6.84%.

Warning Sign:

Standard Foods Corp operating margin has been in a 5-year decline. The average rate of decline per year is -14.3%.

Standard Foods's 5-Year average Growth Rate for Operating Margin % was -14.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Standard Foods's annualized ROC % for the quarter that ended in Mar. 2026 was 10.44%. Standard Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.27%.


Standard Foods  (TPE:1227) Operating Income Explanation

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

Standard Foods'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 )
=2125.6 * ( 1 - 22.8% )/( (15955.844 + 15476.037)/ 2 )
=1640.9632/15715.9405
=10.44 %

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))
=27683.862 - 5370.423 - ( 6357.595 - max(0, 8399.246 - 17127.067+6357.595))
=15955.844

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))
=27104.794 - 4876.872 - ( 6751.885 - max(0, 7319.301 - 16438.192+6751.885))
=15476.037

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

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

Standard Foods'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 )
=2503.648/( ( (5524.191 + max(4623.322, 0)) + (5595.907 + max(4074.77, 0)) )/ 2 )
=2503.648/( ( 10147.513 + 9670.677 )/ 2 )
=2503.648/9909.095
=25.27 %

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)
=(3894.474 + 5217.286 + 1232.373) - (5370.423 + 0 + 350.388)
=4623.322

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3710.808 + 4021.491 + 1514.809) - (4876.872 + 0 + 295.466)
=4074.77

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 %:

Standard Foods'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 )
=531.4/7770.446
=6.84 %

* 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.


Standard Foods Operating Income Related Terms


Standard Foods Operating Income Historical Data

* Premium members only.

The historical data trend for Standard Foods'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.

Standard Foods Operating Income Chart

Standard Foods 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 2,976.77 1,481.56 1,400.83 1,918.68 1,319.72

Standard Foods 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 429.39 256.61 323.99 309.74 531.40
TPE:1227
76GF Score
Standard Foods Corp TPE:1227
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Standard Foods 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$1,422 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$1,422 Mil mean?
Standard Foods (TPE:1227) has a Operating Income of NT$1,422 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Standard Foods and its competitors.
Is Standard Foods' Operating Income too high?
Standard Foods' current Operating Income is NT$1,422 Mil. Overall, Standard Foods has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Standard Foods' Operating Income compare to KHC and GIS?
Standard Foods' Operating Income of NT$1,422 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 Standard Foods and its competitors. Standard Foods's current Operating Income is NT$1,422 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Standard Foods stock overvalued right now?
Based on GuruFocus' analysis, Standard Foods (TPE:1227) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$37.57, compared to a current price of NT$28.90 — trading 23.1% below its estimated fair value. The current Operating Income is NT$1,422 Mil. Standard Foods' overall GF Score™ is 76/100 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 Standard Foods (TPE:1227), the current Operating Income is NT$1,422 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 Standard Foods (TPE:1227) Overvalued in 2026?

Based on GuruFocus' analysis, Standard Foods stock appears to be undervalued. The current stock price of NT$28.90 is trading 23.1% below its estimated GF Value™ of NT$37.57. GuruFocus considers Standard Foods to be Modestly Undervalued.

Key valuation signals for TPE:1227:

  • Operating Income: NT$1,422 Mil
  • GF Value™: NT$37.57 vs. price of NT$28.90 (23.1% below fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the TPE:1227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Standard Foods Business Description

Address No. 610, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN
Standard Foods Corp manufactures and sells nutritious foods, edible oils, dairy products and beverages. Its segments consist of Standard Foods segment includes the company; Standard Dairy Products segment includes Standard Dairy Products; China Standard segment includes Shanghai Standard, China Standard Investment, China Standard Foods and Xiamen Standard; and Other segments. The majority of the revenue is derived from the Standard Foods segment. The company operates in two principal geographical areas - Taiwan which generates the majority of the revenue and mainland China.
76GF Score

Get the complete analysis for TPE:1227

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

NT$28.90
Price
NT$37.57
GF Value