Aero Win Technology (TPE:8222) Operating Income: NT$68.1 Mil (TTM As of Mar. 2026)

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TPE:8222 Aero Win Technology Corp TPE:8222
81 GF Score
Price NT$39.10
GF Value NT$57.94
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Aero Win Technology Operating Income?

Aero Win Technology TPE:8222 +1.16% 81 Operating Income is NT$68.1 Mil as of Mar. 2026. GuruFocus rates TPE:8222 with a GF Score™ of 81/100 and a GF Value™ of NT$57.94 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Aero Win Technology's Operating Income for the three months ended in Mar. 2026 was NT$30.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$68.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Aero Win Technology's Operating Income for the three months ended in Mar. 2026 was NT$30.9 Mil. Aero Win Technology's Revenue for the three months ended in Mar. 2026 was NT$234.4 Mil. Therefore, Aero Win Technology's Operating Margin % for the quarter that ended in Mar. 2026 was 13.18%.

Aero Win Technology's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aero Win Technology's annualized ROC % for the quarter that ended in Mar. 2026 was 5.46%. Aero Win Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.38%.


Aero Win Technology  (TPE:8222) Operating Income Explanation

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

Aero Win Technology'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 )
=123.596 * ( 1 - 19.68% )/( (1817.928 + 1817.007)/ 2 )
=99.2723072/1817.4675
=5.46 %

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))
=2169.368 - 172.842 - ( 178.598 - max(0, 523.569 - 1111.902+178.598))
=1817.928

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))
=2167.379 - 149.349 - ( 201.023 - max(0, 553.253 - 1130.042+201.023))
=1817.007

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

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

Aero Win Technology'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 )
=149.084/( ( (1027.191 + max(738.265, 0)) + (1014.343 + max(777.457, 0)) )/ 2 )
=149.084/( ( 1765.456 + 1791.8 )/ 2 )
=149.084/1778.628
=8.38 %

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)
=(170.872 + 730.812 + 31.576) - (172.842 + 0 + 22.153)
=738.265

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(178.957 + 714.589 + 35.177) - (149.349 + 0 + 1.917)
=777.457

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 %:

Aero Win Technology'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 )
=30.899/234.428
=13.18 %

* 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.


Aero Win Technology Operating Income Related Terms


Aero Win Technology Operating Income Historical Data

* Premium members only.

The historical data trend for Aero Win Technology'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.

Aero Win Technology Operating Income Chart

Aero Win Technology 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 -107.27 -28.35 36.97 72.55 64.29

Aero Win Technology 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 27.08 6.95 3.67 26.59 30.90
TPE:8222
81GF Score
Aero Win Technology Corp TPE:8222
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Aero Win Technology 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$68.1 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$68.1 Mil mean?
Aero Win Technology (TPE:8222) has a Operating Income of NT$68.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aero Win Technology and its competitors.
Is Aero Win Technology's Operating Income too high?
Aero Win Technology's current Operating Income is NT$68.1 Mil. Overall, Aero Win Technology has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aero Win Technology's Operating Income compare to SPCX and GE?
Aero Win Technology's Operating Income of NT$68.1 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 Aero Win Technology and its competitors. Aero Win Technology's current Operating Income is NT$68.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aero Win Technology stock overvalued right now?
Based on GuruFocus' analysis, Aero Win Technology (TPE:8222) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$57.94, compared to a current price of NT$39.10 — trading 32.5% below its estimated fair value. The current Operating Income is NT$68.1 Mil. Aero Win Technology's overall GF Score™ is 81/100 with 6 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 Aero Win Technology (TPE:8222), the current Operating Income is NT$68.1 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 Aero Win Technology (TPE:8222) Overvalued in 2026?

Based on GuruFocus' analysis, Aero Win Technology stock appears to be undervalued. The current stock price of NT$39.10 is trading 32.5% below its estimated GF Value™ of NT$57.94. GuruFocus considers Aero Win Technology to be Significantly Undervalued.

Key valuation signals for TPE:8222:

  • Operating Income: NT$68.1 Mil
  • GF Value™: NT$57.94 vs. price of NT$39.10 (32.5% below fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the TPE:8222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aero Win Technology Business Description

Address Number 1, Lane 13, Xingong Road, Xinying District, Tainan, TWN, 730
Aero Win Technology Corp mainly engaged in the manufacturing, repairing, and trading of various types of aviation and engine accessories and hardware tools, as well as the trading of various types of aviation alloy material and hardware. Additionally, the Company acts as an agent for domestic and foreign manufacturers in distribution, bidding, quoting, and various import and export trade activities. The company has single operating segment. The Company has no foreign operation. Its products are Oil Collecto; Plenum, Inlet Air; Rear Flange; Front Flange; Oil Cover Inlet; SAGB Casing; Bearing Support; Cooling Insert of vane; Brackets; Combustion Liner; Combustion Chamber Liner; Inner and Outer Rings for Stators; Flanges for Stator; Ring Assembly, Curvic; Inlet Housing; and Case, Diffuser.
81GF Score

Get the complete analysis for TPE:8222

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

NT$39.10
Price
NT$57.94
GF Value