World Gym (TPE:2762) Operating Income: NT$864 Mil (TTM As of Mar. 2026)

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TPE:2762 World Gym Corp TPE:2762
28 GF Score
Price NT$83.00
! 9 Warning Signs
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What is World Gym Operating Income?

World Gym TPE:2762 28 Operating Income is NT$864 Mil as of Mar. 2026. GuruFocus rates TPE:2762 with a GF Score™ of 28/100. The stock has 9 warning signs investors should review.

World Gym's Operating Income for the three months ended in Mar. 2026 was NT$301 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$864 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. World Gym's Operating Income for the three months ended in Mar. 2026 was NT$301 Mil. World Gym's Revenue for the three months ended in Mar. 2026 was NT$2,811 Mil. Therefore, World Gym's Operating Margin % for the quarter that ended in Mar. 2026 was 10.69%.

Warning Sign:

World Gym Corp operating margin has been in a 5-year decline. The average rate of decline per year is -1.4%.

World Gym's 5-Year average Growth Rate for Operating Margin % was -1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. World Gym's annualized ROC % for the quarter that ended in Mar. 2026 was 4.55%. World Gym's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.44%.

World Gym  (TPE:2762) Operating Income Explanation

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

World Gym'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 )
=1202.18 * ( 1 - 18.45% )/( (21909.9 + 21164.793)/ 2 )
=980.37779/21537.3465
=4.55 %

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))
=18735.425 - 1219.208 - ( 1663.847 - max(0, 6262.554 - 1868.871+1663.847))
=21909.9

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))
=18389.01 - 1631.638 - ( 1552.015 - max(0, 6175.503 - 1768.082+1552.015))
=21164.793

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

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

World Gym'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 )
=1311.148/( ( (15670.953 + max(-3643.16, 0)) + (15397.812 + max(-4084.506, 0)) )/ 2 )
=1311.148/( ( 15670.953 + 15397.812 )/ 2 )
=1311.148/15534.3825
=8.44 %

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)
=(50.962 + 28.232 + 119.717) - (1219.208 + 0 + 2622.863)
=-3643.16

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(52.548 + 31.665 + 126.521) - (1631.638 + 0 + 2663.602)
=-4084.506

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 %:

World Gym'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 )
=300.545/2811.384
=10.69 %

* 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.

World Gym Operating Income Related Terms

World Gym Operating Income Historical Data

* Premium members only.

The historical data trend for World Gym'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.

World Gym Operating Income Chart

World Gym Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 136.04 485.53 511.18 526.71 657.91

World Gym Quarterly Data
Dec20 Dec21 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 94.28 142.32 173.47 247.84 300.55
TPE:2762
28GF Score
World Gym Corp TPE:2762
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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World Gym 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$864 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$864 Mil mean?
World Gym (TPE:2762) has a Operating Income of NT$864 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on World Gym and its competitors.
Is World Gym's Operating Income too high?
World Gym's current Operating Income is NT$864 Mil. Overall, World Gym has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does World Gym's Operating Income compare to AS and HAS?
World Gym's Operating Income of NT$864 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 World Gym and its competitors. World Gym's current Operating Income is NT$864 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Gym stock overvalued right now?
World Gym (TPE:2762) has a current Operating Income of NT$864 Mil. The current Operating Income is NT$864 Mil. World Gym's overall GF Score™ is 28/100 with 9 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 World Gym (TPE:2762), the current Operating Income is NT$864 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.

World Gym Business Description

Address 36th Floor, No. 402, Shizheng Road, Xitun District, Taichung, TWN
World Gym Corp is a fitness company in Taiwan and the owner of the World Gym International and World Gym brands. The company operates a world-wide network of directly operated and franchised locations across the globe. It offers member access to fitness facilities, programs, and technology-driven solutions.
28GF Score

Get the complete analysis for TPE:2762

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

NT$83.00
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