Fsp Technology (TPE:3015) Operating Income: NT$170 Mil (TTM As of Dec. 2025)

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TPE:3015 Fsp Technology Inc TPE:3015
68 GF Score
Price NT$54.10
GF Value NT$55.38
Valuation Fairly Valued
! 6 Warning Signs
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What is Fsp Technology Operating Income?

Fsp Technology TPE:3015 +2.27% 68 Operating Income is NT$170 Mil as of Dec. 2025. GuruFocus rates TPE:3015 with a GF Score™ of 68/100 and a GF Value™ of NT$55.38 (Fairly Valued). The stock has 6 warning signs investors should review.

Fsp Technology's Operating Income for the three months ended in Dec. 2025 was NT$5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$170 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fsp Technology's Operating Income for the three months ended in Dec. 2025 was NT$5 Mil. Fsp Technology's Revenue for the three months ended in Dec. 2025 was NT$2,845 Mil. Therefore, Fsp Technology's Operating Margin % for the quarter that ended in Dec. 2025 was 0.18%.

Warning Sign:

Fsp Technology Inc operating margin has been in a 5-year decline. The average rate of decline per year is -24.2%.

Fsp Technology's 5-Year average Growth Rate for Operating Margin % was -24.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fsp Technology's annualized ROC % for the quarter that ended in Dec. 2025 was 0.21%. Fsp Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.46%.


Fsp Technology  (TPE:3015) Operating Income Explanation

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

Fsp Technology's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=20.868 * ( 1 - 3.28% )/( (9754.007 + 9575.733)/ 2 )
=20.1835296/9664.87
=0.21 %

where

Invested Capital(Q: Sep. 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))
=19460.232 - 5504.661 - ( 4201.564 - max(0, 5998.903 - 11280.527+4201.564))
=9754.007

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))
=19154.309 - 5148.22 - ( 4430.356 - max(0, 5616.906 - 10984.153+4430.356))
=9575.733

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Fsp Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=281.512/( ( (2312.553 + max(666.924, 0)) + (2364.275 + max(607.469, 0)) )/ 2 )
=281.512/( ( 2979.477 + 2971.744 )/ 2 )
=281.512/2975.6105
=9.46 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4064.329 + 2276.835 + 139.063) - (5504.661 + 0 + 308.642)
=666.924

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3361.813 + 2503.505 + 168.423) - (5148.22 + 0 + 278.052)
=607.469

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Fsp Technology's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=5.217/2845.23
=0.18 %

* 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.


Fsp Technology Operating Income Related Terms


Fsp Technology Operating Income Historical Data

* Premium members only.

The historical data trend for Fsp Technology'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.

Fsp Technology Operating Income Chart

Fsp Technology 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 671.79 535.77 487.84 83.31 170.39

Fsp Technology Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -29.92 24.70 143.15 -2.68 5.22
TPE:3015
68GF Score
Fsp Technology Inc TPE:3015
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fsp Technology 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$170 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$170 Mil mean?
Fsp Technology (TPE:3015) has a Operating Income of NT$170 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fsp Technology and its competitors.
Is Fsp Technology's Operating Income too high?
Fsp Technology's current Operating Income is NT$170 Mil. Overall, Fsp Technology has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fsp Technology's Operating Income compare to VRT and BE?
Fsp Technology's Operating Income of NT$170 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Fsp Technology and its competitors. Fsp Technology's current Operating Income is NT$170 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fsp Technology stock overvalued right now?
Based on GuruFocus' analysis, Fsp Technology (TPE:3015) is currently considered Fairly Valued. The stock's GF Value™ is NT$55.38, compared to a current price of NT$54.10 — trading 2.3% below its estimated fair value. The current Operating Income is NT$170 Mil. Fsp Technology's overall GF Score™ is 68/100 with 6 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 Fsp Technology (TPE:3015), the current Operating Income is NT$170 Mil as of Dec. 2025. 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 Fsp Technology (TPE:3015) Overvalued in 2026?

Based on GuruFocus' analysis, Fsp Technology stock appears to be undervalued. The current stock price of NT$54.10 is trading 2.3% below its estimated GF Value™ of NT$55.38. GuruFocus considers Fsp Technology to be Fairly Valued.

Key valuation signals for TPE:3015:

  • Operating Income: NT$170 Mil
  • GF Value™: NT$55.38 vs. price of NT$54.10 (2.3% below fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the TPE:3015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fsp Technology Business Description

Address No.22, Jianguo East Road, Taoyuan District, Taoyuan City, TWN, 330
Fsp Technology Inc is a Taiwan-based power supply manufacturer. The company is mainly engaged in the manufacturing, processing and trading of power supplies and various electronic components. Its product portfolio comprises PC PSU, adapter, open frame, IPC PSU, medical PSU, PV inverter, UPS, and energy storage system. The company has an operational footprint across Taiwan, China, the United States of America, Germany, and other countries.
68GF Score

Get the complete analysis for TPE:3015

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

NT$54.10
Price
NT$55.38
GF Value