Wisdom Marine Lines Co (TPE:2637) Operating Income: NT$5,038 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:2637 Wisdom Marine Lines Co Ltd TPE:2637
74 GF Score
Price NT$85.40
GF Value NT$64.81
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Wisdom Marine Lines Co Operating Income?

Wisdom Marine Lines Co TPE:2637 +1.79% 74 Operating Income is NT$5,038 Mil as of Mar. 2026. GuruFocus rates TPE:2637 with a GF Score™ of 74/100 and a GF Value™ of NT$64.81 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Wisdom Marine Lines Co's Operating Income for the three months ended in Mar. 2026 was NT$1,200 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$5,038 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wisdom Marine Lines Co's Operating Income for the three months ended in Mar. 2026 was NT$1,200 Mil. Wisdom Marine Lines Co's Revenue for the three months ended in Mar. 2026 was NT$4,338 Mil. Therefore, Wisdom Marine Lines Co's Operating Margin % for the quarter that ended in Mar. 2026 was 27.66%.

Good Sign:

Wisdom Marine Lines Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Wisdom Marine Lines Co's 5-Year average Growth Rate for Operating Margin % was 4.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wisdom Marine Lines Co's annualized ROC % for the quarter that ended in Mar. 2026 was 5.83%. Wisdom Marine Lines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.05%.


Wisdom Marine Lines Co  (TPE:2637) Operating Income Explanation

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

Wisdom Marine Lines 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 )
=4799.456 * ( 1 - 0.51% )/( (80653.241 + 83109.525)/ 2 )
=4774.9787744/81881.383
=5.83 %

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))
=80855.31 - 384.371 - ( 5059.269 - max(0, 7930.817 - 7748.515+5059.269))
=80653.241

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))
=84286.573 - 374.556 - ( 7186.419 - max(0, 8128.467 - 8930.959+7186.419))
=83109.525

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

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

Wisdom Marine Lines 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 )
=5866.972/( ( (72354.319 + max(622.1, 0)) + (72790.609 + max(-437.961, 0)) )/ 2 )
=5866.972/( ( 72976.419 + 72790.609 )/ 2 )
=5866.972/72883.514
=8.05 %

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)
=(202.515 + 145.943 + 2069.57) - (384.371 + 0 + 1411.557)
=622.1

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(163.104 + 117.398 + 1233.495) - (374.556 + 0 + 1577.402)
=-437.961

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 %:

Wisdom Marine Lines 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 )
=1199.864/4338.022
=27.66 %

* 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.


Wisdom Marine Lines Co Operating Income Related Terms


Wisdom Marine Lines Co Operating Income Historical Data

* Premium members only.

The historical data trend for Wisdom Marine Lines 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.

Wisdom Marine Lines Co Operating Income Chart

Wisdom Marine Lines 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 8,184.14 11,805.61 3,428.69 6,949.06 4,051.48

Wisdom Marine Lines 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 204.42 592.43 1,315.56 1,930.06 1,199.86
TPE:2637
74GF Score
Wisdom Marine Lines Co Ltd TPE:2637
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wisdom Marine Lines 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$5,038 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$5,038 Mil mean?
Wisdom Marine Lines Co (TPE:2637) has a Operating Income of NT$5,038 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Wisdom Marine Lines Co and its competitors.
Is Wisdom Marine Lines Co's Operating Income too high?
Wisdom Marine Lines Co's current Operating Income is NT$5,038 Mil. Overall, Wisdom Marine Lines Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wisdom Marine Lines Co's Operating Income compare to competitors?
Wisdom Marine Lines Co's Operating Income of NT$5,038 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Wisdom Marine Lines Co and its competitors. Wisdom Marine Lines Co's current Operating Income is NT$5,038 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wisdom Marine Lines Co stock overvalued right now?
Based on GuruFocus' analysis, Wisdom Marine Lines Co (TPE:2637) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$64.81, compared to a current price of NT$85.40 — trading 31.8% above its estimated fair value. The current Operating Income is NT$5,038 Mil. Wisdom Marine Lines Co's overall GF Score™ is 74/100 with 11 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 Wisdom Marine Lines Co (TPE:2637), the current Operating Income is NT$5,038 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 Wisdom Marine Lines Co (TPE:2637) Overvalued in 2026?

Based on GuruFocus' analysis, Wisdom Marine Lines Co stock appears to be overvalued. The current stock price of NT$85.40 is trading 31.8% above its estimated GF Value™ of NT$64.81. GuruFocus considers Wisdom Marine Lines Co to be Significantly Overvalued.

Key valuation signals for TPE:2637:

  • Operating Income: NT$5,038 Mil
  • GF Value™: NT$64.81 vs. price of NT$85.40 (31.8% above fair value)
  • GF Score™: 74/100 with 11 warning signs

No single metric tells the full story. See the TPE:2637 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wisdom Marine Lines Co Business Description

Address Sec. 2, Fushing South Road, No. 237, Room 711, 7th Floor, Taipei, TWN, 10667
Wisdom Marine Lines Co Ltd is a transportation and logistics company domiciled in Cayman Island. The company's principal business is the acquisition, management, and operation of dry bulk vessels, with a focus on the handy sector. It provides marine cargo transportation services, services related to maintenance, vessel leasing, and shipping agency and management services. Geographically, the company derives maximum revenue from its customers in Singapore followed by the Netherlands, Denmark, Panama, Switzerland, Germany, and other regions.
74GF Score

Get the complete analysis for TPE:2637

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

NT$85.40
Price
NT$64.81
GF Value