Great Giant Fibre Garment Co (TPE:4441) Operating Income: NT$1,166 Mil (TTM As of Mar. 2026)

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TPE:4441 Great Giant Fibre Garment Co Ltd TPE:4441
62 GF Score
Price NT$173.00
GF Value NT$257.66
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Great Giant Fibre Garment Co Operating Income?

Great Giant Fibre Garment Co TPE:4441 -0.57% 62 Operating Income is NT$1,166 Mil as of Mar. 2026. GuruFocus rates TPE:4441 with a GF Score™ of 62/100 and a GF Value™ of NT$257.66 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Great Giant Fibre Garment Co's Operating Income for the three months ended in Mar. 2026 was NT$339 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$1,166 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Great Giant Fibre Garment Co's Operating Income for the three months ended in Mar. 2026 was NT$339 Mil. Great Giant Fibre Garment Co's Revenue for the three months ended in Mar. 2026 was NT$1,890 Mil. Therefore, Great Giant Fibre Garment Co's Operating Margin % for the quarter that ended in Mar. 2026 was 17.92%.

Good Sign:

Great Giant Fibre Garment Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Great Giant Fibre Garment Co's 5-Year average Growth Rate for Operating Margin % was 12.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Giant Fibre Garment Co's annualized ROC % for the quarter that ended in Mar. 2026 was 27.59%. Great Giant Fibre Garment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 63.66%.


Great Giant Fibre Garment Co  (TPE:4441) Operating Income Explanation

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

Great Giant Fibre Garment 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 )
=1354.38 * ( 1 - 20.59% )/( (3994.241 + 3801.504)/ 2 )
=1075.513158/3897.8725
=27.59 %

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))
=8537.147 - 1076.732 - ( 3466.174 - max(0, 1518.588 - 7064.497+3466.174))
=3994.241

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))
=9179.769 - 1965.52 - ( 3412.745 - max(0, 2530.3 - 7255.742+3412.745))
=3801.504

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

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

Great Giant Fibre Garment 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 )
=1674.036/( ( (584.309 + max(2382.539, 0)) + (605.196 + max(1687.625, 0)) )/ 2 )
=1674.036/( ( 2966.848 + 2292.821 )/ 2 )
=1674.036/2629.8345
=63.66 %

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)
=(2114.055 + 1401.368 + 35.728) - (1076.732 + 0 + 91.88)
=2382.539

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2071.58 + 1560.316 + 102.788) - (1965.52 + 0 + 81.539)
=1687.625

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 %:

Great Giant Fibre Garment 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 )
=338.595/1889.968
=17.92 %

* 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.


Great Giant Fibre Garment Co Operating Income Related Terms


Great Giant Fibre Garment Co Operating Income Historical Data

* Premium members only.

The historical data trend for Great Giant Fibre Garment 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.

Great Giant Fibre Garment Co Operating Income Chart

Great Giant Fibre Garment Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 714.77 1,240.50 795.74 944.42 1,062.43

Great Giant Fibre Garment Co Quarterly Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 234.70 254.10 384.08 189.54 338.60
TPE:4441
62GF Score
Great Giant Fibre Garment Co Ltd TPE:4441
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Great Giant Fibre Garment 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$1,166 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$1,166 Mil mean?
Great Giant Fibre Garment Co (TPE:4441) has a Operating Income of NT$1,166 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Great Giant Fibre Garment Co and its competitors.
Is Great Giant Fibre Garment Co's Operating Income too high?
Great Giant Fibre Garment Co's current Operating Income is NT$1,166 Mil. Overall, Great Giant Fibre Garment Co has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Great Giant Fibre Garment Co's Operating Income compare to competitors?
Great Giant Fibre Garment Co's Operating Income of NT$1,166 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories 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 Great Giant Fibre Garment Co and its competitors. Great Giant Fibre Garment Co's current Operating Income is NT$1,166 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Giant Fibre Garment Co stock overvalued right now?
Based on GuruFocus' analysis, Great Giant Fibre Garment Co (TPE:4441) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$257.66, compared to a current price of NT$173.00 — trading 32.9% below its estimated fair value. The current Operating Income is NT$1,166 Mil. Great Giant Fibre Garment Co's overall GF Score™ is 62/100 with 4 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 Great Giant Fibre Garment Co (TPE:4441), the current Operating Income is NT$1,166 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 Great Giant Fibre Garment Co (TPE:4441) Overvalued in 2026?

Based on GuruFocus' analysis, Great Giant Fibre Garment Co stock appears to be undervalued. The current stock price of NT$173.00 is trading 32.9% below its estimated GF Value™ of NT$257.66. GuruFocus considers Great Giant Fibre Garment Co to be Significantly Undervalued.

Key valuation signals for TPE:4441:

  • Operating Income: NT$1,166 Mil
  • GF Value™: NT$257.66 vs. price of NT$173.00 (32.9% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the TPE:4441 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Great Giant Fibre Garment Co Business Description

Address No. 73, Fuxing North Road, 4th Floor, Songshan District, Taipei, TWN
Great Giant Fibre Garment Co Ltd main businesses and products of the Company and its subsidiaries are the manufacturing of garments and textiles, as well as the import and export of raw materials and goods. The identified reportable operating segment is the garment sales and manufacturing segment. Other operating segments are mainly involved in sample design, sample production, and outsourcing management. The majority of revenue comes from garment sales and manufacturing segment. The company has presence in Taiwan, Vietnam, and Madagascar. The majority of revenue comes from Madagascar.
62GF Score

Get the complete analysis for TPE:4441

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

NT$173.00
Price
NT$257.66
GF Value