Twoway Communications (TPE:8045) Operating Income: NT$86 Mil (TTM As of Jun. 2026)

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TPE:8045 Twoway Communications Inc TPE:8045
83 GF Score
Price NT$52.30
GF Value NT$82.52
Valuation Possible Value Trap
! 5 Warning Signs
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What is Twoway Communications Operating Income?

Twoway Communications TPE:8045 -1.69% 83 Operating Income is NT$86 Mil as of Jun. 2026. GuruFocus rates TPE:8045 with a GF Score™ of 83/100 and a GF Value™ of NT$82.52 (Possible Value Trap). The stock has 5 warning signs investors should review.

Twoway Communications's Operating Income for the three months ended in Jun. 2026 was NT$17 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was NT$86 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Twoway Communications's Operating Income for the three months ended in Jun. 2026 was NT$17 Mil. Twoway Communications's Revenue for the three months ended in Jun. 2026 was NT$474 Mil. Therefore, Twoway Communications's Operating Margin % for the quarter that ended in Jun. 2026 was 3.61%.

Good Sign:

Twoway Communications Inc operating margin is expanding. Margin expansion is usually a good sign.

Twoway Communications's 5-Year average Growth Rate for Operating Margin % was 8.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Twoway Communications's annualized ROC % for the quarter that ended in Jun. 2026 was 2.91%. Twoway Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.55%.


Twoway Communications  (TPE:8045) Operating Income Explanation

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

Twoway Communications's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=68.556 * ( 1 - 18.77% )/( (1773.876 + 2057.165)/ 2 )
=55.6880388/1915.5205
=2.91 %

where

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))
=2908.914 - 398.706 - ( 736.332 - max(0, 753.517 - 1941.747+736.332))
=1773.876

Invested Capital(Q: Jun. 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))
=3103.694 - 345.83 - ( 700.699 - max(0, 768.431 - 2027.305+700.699))
=2057.165

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

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

Twoway Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=74.12/( ( (470.637 + max(595.097, 0)) + (463.297 + max(732.471, 0)) )/ 2 )
=74.12/( ( 1065.734 + 1195.768 )/ 2 )
=74.12/1130.751
=6.55 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(292.414 + 661.252 + 78.807) - (398.706 + 0 + 38.67)
=595.097

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(510.082 + 520.582 + 87.27) - (345.83 + 0 + 39.633)
=732.471

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Twoway Communications's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=17.139/474.322
=3.61 %

* 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.


Twoway Communications Operating Income Related Terms


Twoway Communications Operating Income Historical Data

* Premium members only.

The historical data trend for Twoway Communications'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.

Twoway Communications Operating Income Chart

Twoway Communications 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 111.75 29.70 566.88 185.05 74.51

Twoway Communications Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 16.77 43.16 10.76 14.67 17.14
TPE:8045
83GF Score
Twoway Communications Inc TPE:8045
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Twoway Communications 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$86 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$86 Mil mean?
Twoway Communications (TPE:8045) has a Operating Income of NT$86 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Twoway Communications and its competitors.
Is Twoway Communications' Operating Income too high?
Twoway Communications' current Operating Income is NT$86 Mil. Overall, Twoway Communications has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Twoway Communications' Operating Income compare to CSCO and MSI?
Twoway Communications' Operating Income of NT$86 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 Twoway Communications and its competitors. Twoway Communications's current Operating Income is NT$86 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Twoway Communications stock overvalued right now?
Based on GuruFocus' analysis, Twoway Communications (TPE:8045) is currently considered Possible Value Trap. The stock's GF Value™ is NT$82.52, compared to a current price of NT$52.30 — trading 36.6% below its estimated fair value. The current Operating Income is NT$86 Mil. Twoway Communications' overall GF Score™ is 83/100 with 5 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 Twoway Communications (TPE:8045), the current Operating Income is NT$86 Mil as of Jun. 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 Twoway Communications (TPE:8045) Overvalued in 2026?

Based on GuruFocus' analysis, Twoway Communications stock appears to be undervalued. The current stock price of NT$52.30 is trading 36.6% below its estimated GF Value™ of NT$82.52. GuruFocus considers Twoway Communications to be Possible Value Trap.

Key valuation signals for TPE:8045:

  • Operating Income: NT$86 Mil
  • GF Value™: NT$82.52 vs. price of NT$52.30 (36.6% below fair value)
  • GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the TPE:8045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Twoway Communications Business Description

Address No. 41, Wugong 6th Road, New Taipei Industrial Park, New Taipei City, TWN
Twoway Communications Inc is engaged in manufacturing and trading of communication products including cable TV head-ends, optical transceivers, amplifiers, connectors, and monitoring systems, as well as broadband network system planning, design, and contracting, and the installation of multimedia video equipment. The revenue of operating segments principally is derived from B-broadband internet equipment department, IOT department and department of labour and other services.
83GF Score

Get the complete analysis for TPE:8045

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

NT$52.30
Price
NT$82.52
GF Value