New Asia Construction & Development (TPE:2516) Operating Income: NT$215 Mil (TTM As of Mar. 2026)

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TPE:2516 New Asia Construction & Development Corp TPE:2516
79 GF Score
Price NT$14.05
GF Value NT$14.59
Valuation Fairly Valued
! 3 Warning Signs
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What is New Asia Construction & Development Operating Income?

New Asia Construction & Development TPE:2516 +1.44% 79 Operating Income is NT$215 Mil as of Mar. 2026. GuruFocus rates TPE:2516 with a GF Score™ of 79/100 and a GF Value™ of NT$14.59 (Fairly Valued). The stock has 3 warning signs investors should review.

New Asia Construction & Development's Operating Income for the three months ended in Mar. 2026 was NT$49 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$215 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. New Asia Construction & Development's Operating Income for the three months ended in Mar. 2026 was NT$49 Mil. New Asia Construction & Development's Revenue for the three months ended in Mar. 2026 was NT$1,624 Mil. Therefore, New Asia Construction & Development's Operating Margin % for the quarter that ended in Mar. 2026 was 3.03%.

New Asia Construction & Development'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. New Asia Construction & Development's annualized ROC % for the quarter that ended in Mar. 2026 was 7.21%. New Asia Construction & Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 34.89%.


New Asia Construction & Development  (TPE:2516) Operating Income Explanation

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

New Asia Construction & Development'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 )
=196.548 * ( 1 - 0% )/( (2724.61 + 2728.467)/ 2 )
=196.548/2726.5385
=7.21 %

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))
=7973.687 - 4689.307 - ( 3044.692 - max(0, 5792.253 - 6352.023+3044.692))
=2724.61

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))
=7116.682 - 3760.374 - ( 2598.87 - max(0, 4873.771 - 5501.612+2598.87))
=2728.467

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

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

New Asia Construction & Development'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 )
=238.16/( ( (685.187 + max(-3916.565, 0)) + (680.008 + max(-3278.976, 0)) )/ 2 )
=238.16/( ( 685.187 + 680.008 )/ 2 )
=238.16/682.5975
=34.89 %

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)
=(766.401 + 412.559 + 114.631) - (4689.307 + 0 + 520.849)
=-3916.565

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(432.35 + 426.203 + 120.263) - (3760.374 + 0 + 497.418)
=-3278.976

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 %:

New Asia Construction & Development'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 )
=49.137/1624.343
=3.03 %

* 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.


New Asia Construction & Development Operating Income Related Terms


New Asia Construction & Development Operating Income Historical Data

* Premium members only.

The historical data trend for New Asia Construction & Development'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.

New Asia Construction & Development Operating Income Chart

New Asia Construction & Development 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 57.84 -764.25 150.36 164.12 224.68

New Asia Construction & Development 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 59.08 -0.98 40.63 125.94 49.14
TPE:2516
79GF Score
New Asia Construction & Development Corp TPE:2516
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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New Asia Construction & Development 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$215 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$215 Mil mean?
New Asia Construction & Development (TPE:2516) has a Operating Income of NT$215 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on New Asia Construction & Development and its competitors.
Is New Asia Construction & Development's Operating Income too high?
New Asia Construction & Development's current Operating Income is NT$215 Mil. Overall, New Asia Construction & Development has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does New Asia Construction & Development's Operating Income compare to PWR and FIX?
New Asia Construction & Development's Operating Income of NT$215 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 New Asia Construction & Development and its competitors. New Asia Construction & Development's current Operating Income is NT$215 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Asia Construction & Development stock overvalued right now?
Based on GuruFocus' analysis, New Asia Construction & Development (TPE:2516) is currently considered Fairly Valued. The stock's GF Value™ is NT$14.59, compared to a current price of NT$14.05 — trading 3.7% below its estimated fair value. The current Operating Income is NT$215 Mil. New Asia Construction & Development's overall GF Score™ is 79/100 with 3 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 New Asia Construction & Development (TPE:2516), the current Operating Income is NT$215 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 New Asia Construction & Development (TPE:2516) Overvalued in 2026?

Based on GuruFocus' analysis, New Asia Construction & Development stock appears to be undervalued. The current stock price of NT$14.05 is trading 3.7% below its estimated GF Value™ of NT$14.59. GuruFocus considers New Asia Construction & Development to be Fairly Valued.

Key valuation signals for TPE:2516:

  • Operating Income: NT$215 Mil
  • GF Value™: NT$14.59 vs. price of NT$14.05 (3.7% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the TPE:2516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


New Asia Construction & Development Business Description

Address No. 760, Section 4, Bade Road, 15th & 16th Floor, Songshan District, Taipei, TWN
New Asia Construction & Development Corp and its subsidiaries are engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing or selling of public housing and office building, repairment, leasing and selling of heavy equipment, manufacturing and selling of ready mixed concrete and asphalt concrete, and investment. The Group operates in the construction segment, which is engaged in the construction of residential and commercial buildings and civil engineering contracts. The company operates in Taiwan and Asia, and the maximum revenue is generated from Taiwan.
79GF Score

Get the complete analysis for TPE:2516

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

NT$14.05
Price
NT$14.59
GF Value