Visco Vision (TPE:6782) Operating Income: NT$1,298 Mil (TTM As of Mar. 2026)

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TPE:6782 Visco Vision Inc TPE:6782
92 GF Score
Price NT$184.50
GF Value NT$284.95
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Visco Vision Operating Income?

Visco Vision TPE:6782 +3.07% 92 Operating Income is NT$1,298 Mil as of Mar. 2026. GuruFocus rates TPE:6782 with a GF Score™ of 92/100 and a GF Value™ of NT$284.95 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Visco Vision's Operating Income for the three months ended in Mar. 2026 was NT$344 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$1,298 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Visco Vision's Operating Income for the three months ended in Mar. 2026 was NT$344 Mil. Visco Vision's Revenue for the three months ended in Mar. 2026 was NT$1,229 Mil. Therefore, Visco Vision's Operating Margin % for the quarter that ended in Mar. 2026 was 27.99%.

Good Sign:

Visco Vision Inc operating margin is expanding. Margin expansion is usually a good sign.

Visco Vision's 5-Year average Growth Rate for Operating Margin % was 12.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Visco Vision's annualized ROC % for the quarter that ended in Mar. 2026 was 23.81%. Visco Vision's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 41.06%.


Visco Vision  (TPE:6782) Operating Income Explanation

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

Visco Vision'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 )
=1375.66 * ( 1 - 24.94% )/( (4286.639 + 4387.261)/ 2 )
=1032.570396/4336.95
=23.81 %

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))
=5998.807 - 916.465 - ( 795.703 - max(0, 1227.506 - 2179.046+795.703))
=4286.639

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))
=6287.42 - 1428.062 - ( 676.487 - max(0, 1785.112 - 2257.209+676.487))
=4387.261

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

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

Visco Vision'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 )
=1291.408/( ( (2878.124 + max(312.952, 0)) + (3099.121 + max(-12.444, 0)) )/ 2 )
=1291.408/( ( 3191.076 + 3099.121 )/ 2 )
=1291.408/3145.0985
=41.06 %

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)
=(577.488 + 718.703 + 86.845) - (916.465 + 0 + 153.619)
=312.952

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(727.619 + 703.294 + 130.19) - (1428.062 + 0 + 145.485)
=-12.444

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 %:

Visco Vision'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 )
=343.915/1228.595
=27.99 %

* 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.


Visco Vision Operating Income Related Terms


Visco Vision Operating Income Historical Data

* Premium members only.

The historical data trend for Visco Vision'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.

Visco Vision Operating Income Chart

Visco Vision Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 406.50 713.45 334.71 777.69 1,152.21

Visco Vision 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 197.95 303.27 335.65 315.33 343.92
TPE:6782
92GF Score
Visco Vision Inc TPE:6782
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Visco Vision 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$1,298 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$1,298 Mil mean?
Visco Vision (TPE:6782) has a Operating Income of NT$1,298 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Visco Vision and its competitors.
Is Visco Vision's Operating Income too high?
Visco Vision's current Operating Income is NT$1,298 Mil. Overall, Visco Vision has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Visco Vision's Operating Income compare to ISRG and BDX?
Visco Vision's Operating Income of NT$1,298 Mil can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments 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 Visco Vision and its competitors. Visco Vision's current Operating Income is NT$1,298 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visco Vision stock overvalued right now?
Based on GuruFocus' analysis, Visco Vision (TPE:6782) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$284.95, compared to a current price of NT$184.50 — trading 35.3% below its estimated fair value. The current Operating Income is NT$1,298 Mil. Visco Vision's overall GF Score™ is 92/100 with 1 warning sign 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 Visco Vision (TPE:6782), the current Operating Income is NT$1,298 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 Visco Vision (TPE:6782) Overvalued in 2026?

Based on GuruFocus' analysis, Visco Vision stock appears to be undervalued. The current stock price of NT$184.50 is trading 35.3% below its estimated GF Value™ of NT$284.95. GuruFocus considers Visco Vision to be Significantly Undervalued.

Key valuation signals for TPE:6782:

  • Operating Income: NT$1,298 Mil
  • GF Value™: NT$284.95 vs. price of NT$184.50 (35.3% below fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the TPE:6782 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Visco Vision Business Description

Address No. 1, Xingye Street, Guishan District, Taoyuan, TWN, 33341
Visco Vision Inc is a manufacturer and seller of disposable contact lenses. The company manufactures Spherical Lenses, Multifocal lenses, Toric lenses, and Cosmetic lenses. Geographically, the company earns maximum revenue from Asia, followed by Europe, Taiwan, and the Americas.
92GF Score

Get the complete analysis for TPE:6782

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

NT$184.50
Price
NT$284.95
GF Value