G-Tech Optoelectronics (TPE:3149) Operating Income: NT$-598 Mil (TTM As of Dec. 2025)

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TPE:3149 G-Tech Optoelectronics Corp TPE:3149
51 GF Score
Price NT$69.60
GF Value NT$20.55
Valuation Significantly Overvalued
! 3 Warning Signs
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What is G-Tech Optoelectronics Operating Income?

G-Tech Optoelectronics TPE:3149 +1.61% 51 Operating Income is NT$-598 Mil as of Dec. 2025. GuruFocus rates TPE:3149 with a GF Score™ of 51/100 and a GF Value™ of NT$20.55 (Significantly Overvalued). The stock has 3 warning signs investors should review.

G-Tech Optoelectronics's Operating Income for the three months ended in Dec. 2025 was NT$-188 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-598 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. G-Tech Optoelectronics's Operating Income for the three months ended in Dec. 2025 was NT$-188 Mil. G-Tech Optoelectronics's Revenue for the three months ended in Dec. 2025 was NT$654 Mil. Therefore, G-Tech Optoelectronics's Operating Margin % for the quarter that ended in Dec. 2025 was -28.79%.

Warning Sign:

G-Tech Optoelectronics Corp operating margin has been in a 5-year decline. The average rate of decline per year is -22%.

G-Tech Optoelectronics's 5-Year average Growth Rate for Operating Margin % was -22.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. G-Tech Optoelectronics's annualized ROC % for the quarter that ended in Dec. 2025 was -14.97%. G-Tech Optoelectronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -44.55%.


G-Tech Optoelectronics  (TPE:3149) Operating Income Explanation

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

G-Tech Optoelectronics'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 )
=-753.184 * ( 1 - 25.55% )/( (3648.31 + 3843.532)/ 2 )
=-560.745488/3745.921
=-14.97 %

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))
=4870.649 - 480.43 - ( 901.964 - max(0, 760.53 - 1502.439+901.964))
=3648.31

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))
=4883.292 - 575.395 - ( 846.343 - max(0, 988.394 - 1452.759+846.343))
=3843.532

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

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

G-Tech Optoelectronics'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 )
=-719.132/( ( (1599.166 + max(95.525, 0)) + (1523.551 + max(10.053, 0)) )/ 2 )
=-719.132/( ( 1694.691 + 1533.604 )/ 2 )
=-719.132/1614.1475
=-44.55 %

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)
=(463.662 + 110.204 + 26.609) - (480.43 + 0 + 24.52)
=95.525

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(480.299 + 101.484 + 24.633) - (575.395 + 0 + 20.968)
=10.053

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 %:

G-Tech Optoelectronics'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 )
=-188.296/654.146
=-28.79 %

* 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.


G-Tech Optoelectronics Operating Income Related Terms


G-Tech Optoelectronics Operating Income Historical Data

* Premium members only.

The historical data trend for G-Tech Optoelectronics'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.

G-Tech Optoelectronics Operating Income Chart

G-Tech Optoelectronics 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 -203.36 -372.85 -198.37 -311.06 -598.47

G-Tech Optoelectronics 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 -145.20 -150.50 -140.87 -118.80 -188.30
TPE:3149
51GF Score
G-Tech Optoelectronics Corp TPE:3149
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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G-Tech Optoelectronics 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$-598 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$-598 Mil mean?
G-Tech Optoelectronics (TPE:3149) has a Operating Income of NT$-598 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on G-Tech Optoelectronics and its competitors.
Is G-Tech Optoelectronics' Operating Income too high?
G-Tech Optoelectronics' current Operating Income is NT$-598 Mil. Overall, G-Tech Optoelectronics has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does G-Tech Optoelectronics' Operating Income compare to APH and GLW?
G-Tech Optoelectronics' Operating Income of NT$-598 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 G-Tech Optoelectronics and its competitors. G-Tech Optoelectronics's current Operating Income is NT$-598 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G-Tech Optoelectronics stock overvalued right now?
Based on GuruFocus' analysis, G-Tech Optoelectronics (TPE:3149) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$20.55, compared to a current price of NT$69.60 — trading 238.7% above its estimated fair value. The current Operating Income is NT$-598 Mil. G-Tech Optoelectronics' overall GF Score™ is 51/100 with 3 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 G-Tech Optoelectronics (TPE:3149), the current Operating Income is NT$-598 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 G-Tech Optoelectronics (TPE:3149) Overvalued in 2026?

Based on GuruFocus' analysis, G-Tech Optoelectronics stock appears to be overvalued. The current stock price of NT$69.60 is trading 238.7% above its estimated GF Value™ of NT$20.55. GuruFocus considers G-Tech Optoelectronics to be Significantly Overvalued.

Key valuation signals for TPE:3149:

  • Operating Income: NT$-598 Mil
  • GF Value™: NT$20.55 vs. price of NT$69.60 (238.7% above fair value)
  • GF Score™: 51/100 with 3 warning signs

No single metric tells the full story. See the TPE:3149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


G-Tech Optoelectronics Business Description

Address No. 99, Zhongxing Road, Tongluo Township, Miaoli, TWN, 36647
G-Tech Optoelectronics Corp operates in an optoelectronic glass processing market. The company manufactures and markets optical glass products and electronic components. The segments of the company are Smart optoelectronics, that is revenue-generating segment; Smart buildings, and Smart cars. The Smart optoelectronics is in charge of designing, manufacturing, and selling general consumer electronics vehicle glass as well as protective touch control glass for industrial control computers.
51GF Score

Get the complete analysis for TPE:3149

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

NT$69.60
Price
NT$20.55
GF Value