IEI Integration (TPE:3022) Operating Income: NT$388 Mil (TTM As of Mar. 2026)

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TPE:3022 IEI Integration Corp TPE:3022
81 GF Score
Price NT$85.00
GF Value NT$76.57
Valuation Modestly Overvalued
! 9 Warning Signs
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What is IEI Integration Operating Income?

IEI Integration TPE:3022 +1.80% 81 Operating Income is NT$388 Mil as of Mar. 2026. GuruFocus rates TPE:3022 with a GF Score™ of 81/100 and a GF Value™ of NT$76.57 (Modestly Overvalued). The stock has 9 warning signs investors should review.

IEI Integration's Operating Income for the three months ended in Mar. 2026 was NT$36 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$388 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. IEI Integration's Operating Income for the three months ended in Mar. 2026 was NT$36 Mil. IEI Integration's Revenue for the three months ended in Mar. 2026 was NT$1,592 Mil. Therefore, IEI Integration's Operating Margin % for the quarter that ended in Mar. 2026 was 2.29%.

Warning Sign:

IEI Integration Corp operating margin has been in a 5-year decline. The average rate of decline per year is -7.1%.

IEI Integration's 5-Year average Growth Rate for Operating Margin % was -7.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IEI Integration's annualized ROC % for the quarter that ended in Mar. 2026 was 1.79%. IEI Integration's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.28%.


IEI Integration  (TPE:3022) Operating Income Explanation

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

IEI Integration'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 )
=145.952 * ( 1 - 11.95% )/( (6843.027 + 7524.245)/ 2 )
=128.510736/7183.636
=1.79 %

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))
=15117.916 - 2170.681 - ( 6104.208 - max(0, 2591.917 - 9653.287+6104.208))
=6843.027

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))
=16026.933 - 2551.525 - ( 5951.163 - max(0, 3234.728 - 10450.596+5951.163))
=7524.245

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

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

IEI Integration'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 )
=759.088/( ( (1956.54 + max(963.83, 0)) + (1967.813 + max(1363.872, 0)) )/ 2 )
=759.088/( ( 2920.37 + 3331.685 )/ 2 )
=759.088/3126.0275
=24.28 %

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)
=(1183.678 + 2202.627 + 162.718) - (2170.681 + 0 + 414.512)
=963.83

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1250.968 + 3011.012 + 237.402) - (2551.525 + 0 + 583.985)
=1363.872

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 %:

IEI Integration'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 )
=36.488/1592.354
=2.29 %

* 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.


IEI Integration Operating Income Related Terms


IEI Integration Operating Income Historical Data

* Premium members only.

The historical data trend for IEI Integration'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.

IEI Integration Operating Income Chart

IEI Integration 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 719.57 1,332.72 1,165.05 843.06 570.30

IEI Integration 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 219.06 180.64 92.62 77.99 36.49
TPE:3022
81GF Score
IEI Integration Corp TPE:3022
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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IEI Integration 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$388 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$388 Mil mean?
IEI Integration (TPE:3022) has a Operating Income of NT$388 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on IEI Integration and its competitors.
Is IEI Integration's Operating Income too high?
IEI Integration's current Operating Income is NT$388 Mil. Overall, IEI Integration has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IEI Integration's Operating Income compare to DELL and ANET?
IEI Integration's Operating Income of NT$388 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 IEI Integration and its competitors. IEI Integration's current Operating Income is NT$388 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IEI Integration stock overvalued right now?
Based on GuruFocus' analysis, IEI Integration (TPE:3022) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$76.57, compared to a current price of NT$85.00 — trading 11% above its estimated fair value. The current Operating Income is NT$388 Mil. IEI Integration's overall GF Score™ is 81/100 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 IEI Integration (TPE:3022), the current Operating Income is NT$388 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 IEI Integration (TPE:3022) Overvalued in 2026?

Based on GuruFocus' analysis, IEI Integration stock appears to be overvalued. The current stock price of NT$85.00 is trading 11% above its estimated GF Value™ of NT$76.57. GuruFocus considers IEI Integration to be Modestly Overvalued.

Key valuation signals for TPE:3022:

  • Operating Income: NT$388 Mil
  • GF Value™: NT$76.57 vs. price of NT$85.00 (11% above fair value)
  • GF Score™: 81/100 with 9 warning signs

No single metric tells the full story. See the TPE:3022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IEI Integration Business Description

Address No. 29, Zhongxing Road, Xizhi District, New Taipei City, TWN, 221
IEI Integration Corp is engaged in the manufacturing and sales of computers, computer components and peripherals, and related trading. The company has three reportable segments: Order-taking, Design and Brand Sales; Product Manufacturing; and China Brand Sales, which offer different products and services. The Order-taking, Design and Brand Sales segment customizes product designs according to different customer needs, and operates brand channels for industrial computer products. The Product Manufacturing segment is engaged in OEM and branded product manufacturing. The China Brand Sales segment is responsible for brand marketing channels in Mainland China. The majority of revenue is derived from the Order-taking, Design, and Brand Sales segment.
81GF Score

Get the complete analysis for TPE:3022

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

NT$85.00
Price
NT$76.57
GF Value