Zero One Technology Co (TPE:3029) Operating Income: NT$1,539 Mil (TTM As of Mar. 2026)

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TPE:3029 Zero One Technology Co Ltd TPE:3029
98 GF Score
Price NT$109.50
GF Value NT$130.26
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Zero One Technology Co Operating Income?

Zero One Technology Co TPE:3029 +7.88% 98 Operating Income is NT$1,539 Mil as of Mar. 2026. GuruFocus rates TPE:3029 with a GF Score™ of 98/100 and a GF Value™ of NT$130.26 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Zero One Technology Co's Operating Income for the three months ended in Mar. 2026 was NT$390 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$1,539 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zero One Technology Co's Operating Income for the three months ended in Mar. 2026 was NT$390 Mil. Zero One Technology Co's Revenue for the three months ended in Mar. 2026 was NT$6,877 Mil. Therefore, Zero One Technology Co's Operating Margin % for the quarter that ended in Mar. 2026 was 5.67%.

Good Sign:

Zero One Technology Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Zero One Technology Co's 5-Year average Growth Rate for Operating Margin % was 4.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zero One Technology Co's annualized ROC % for the quarter that ended in Mar. 2026 was 31.28%. Zero One Technology Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 132.13%.


Zero One Technology Co  (TPE:3029) Operating Income Explanation

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

Zero One Technology 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 )
=1559.176 * ( 1 - 18.39% )/( (4308.101 + 3827.069)/ 2 )
=1272.4435336/4067.585
=31.28 %

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))
=15158.591 - 6595.558 - ( 4254.932 - max(0, 7162.448 - 12391.437+4254.932))
=4308.101

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))
=15126.326 - 7278.416 - ( 4020.841 - max(0, 7803.745 - 12286.821+4020.841))
=3827.069

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

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

Zero One Technology 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 )
=1734.732/( ( (901.337 + max(692.969, 0)) + (943.404 + max(88.174, 0)) )/ 2 )
=1734.732/( ( 1594.306 + 1031.578 )/ 2 )
=1734.732/1312.942
=132.13 %

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)
=(4704.664 + 2875.814 + 87.592999999999) - (6595.558 + 0 + 379.544)
=692.969

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5536.044 + 2149.167 + 149.697) - (7278.416 + 0 + 468.318)
=88.174

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 %:

Zero One Technology 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 )
=389.794/6876.938
=5.67 %

* 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.


Zero One Technology Co Operating Income Related Terms


Zero One Technology Co Operating Income Historical Data

* Premium members only.

The historical data trend for Zero One Technology 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.

Zero One Technology Co Operating Income Chart

Zero One Technology 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 619.49 722.46 803.99 1,140.70 1,498.91

Zero One Technology 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 349.74 386.86 394.28 368.03 389.79
TPE:3029
98GF Score
Zero One Technology Co Ltd TPE:3029
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zero One Technology 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$1,539 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$1,539 Mil mean?
Zero One Technology Co (TPE:3029) has a Operating Income of NT$1,539 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zero One Technology Co and its competitors.
Is Zero One Technology Co's Operating Income too high?
Zero One Technology Co's current Operating Income is NT$1,539 Mil. Overall, Zero One Technology Co has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zero One Technology Co's Operating Income compare to DELL and ANET?
Zero One Technology Co's Operating Income of NT$1,539 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 Zero One Technology Co and its competitors. Zero One Technology Co's current Operating Income is NT$1,539 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero One Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zero One Technology Co (TPE:3029) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$130.26, compared to a current price of NT$109.50 — trading 15.9% below its estimated fair value. The current Operating Income is NT$1,539 Mil. Zero One Technology Co's overall GF Score™ is 98/100 with 2 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 Zero One Technology Co (TPE:3029), the current Operating Income is NT$1,539 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 Zero One Technology Co (TPE:3029) Overvalued in 2026?

Based on GuruFocus' analysis, Zero One Technology Co stock appears to be undervalued. The current stock price of NT$109.50 is trading 15.9% below its estimated GF Value™ of NT$130.26. GuruFocus considers Zero One Technology Co to be Modestly Undervalued.

Key valuation signals for TPE:3029:

  • Operating Income: NT$1,539 Mil
  • GF Value™: NT$130.26 vs. price of NT$109.50 (15.9% below fair value)
  • GF Score™: 98/100 with 2 warning signs

No single metric tells the full story. See the TPE:3029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zero One Technology Co Business Description

Address Lane 360, Neihu Road, Section 1, No. 8, 10th Floor, Neihu District, Taipei, TWN
Zero One Technology Co Ltd is engaged in the design, manufacturing, packaging, selling, consulting, and services of electronic information, computer software, hardware, accessories, components, and chinese data processing. It provides complete enterprise IT solutions covering AI-enabled IT infrastructure, cloud computing and services, cybersecurity resilience, and AI applications. These solutions help enterprises improve system performance, strengthen cybersecurity, optimize cloud management, and accelerate the implementation of AI applications. The Group's operating segments are: The brand agent business, which generates maximum revenue, and Other. Geographically, it derives maximum revenue from Taiwan, and the rest from other regions.
98GF Score

Get the complete analysis for TPE:3029

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

NT$109.50
Price
NT$130.26
GF Value