Ruentex Development Co (TPE:9945) Operating Income: NT$6,946 Mil (TTM As of Dec. 2025)

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TPE:9945 Ruentex Development Co Ltd TPE:9945
74 GF Score
Price NT$26.10
GF Value NT$53.68
Valuation Possible Value Trap
! 4 Warning Signs
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What is Ruentex Development Co Operating Income?

Ruentex Development Co TPE:9945 -0.57% 74 Operating Income is NT$6,946 Mil as of Dec. 2025. GuruFocus rates TPE:9945 with a GF Score™ of 74/100 and a GF Value™ of NT$53.68 (Possible Value Trap). The stock has 4 warning signs investors should review.

Ruentex Development Co's Operating Income for the three months ended in Dec. 2025 was NT$2,537 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$6,946 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ruentex Development Co's Operating Income for the three months ended in Dec. 2025 was NT$2,537 Mil. Ruentex Development Co's Revenue for the three months ended in Dec. 2025 was NT$14,164 Mil. Therefore, Ruentex Development Co's Operating Margin % for the quarter that ended in Dec. 2025 was 17.91%.

Good Sign:

Ruentex Development Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Ruentex Development Co's 5-Year average Growth Rate for Operating Margin % was 10.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ruentex Development Co's annualized ROC % for the quarter that ended in Dec. 2025 was 5.05%. Ruentex Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 44.24%.


Ruentex Development Co  (TPE:9945) Operating Income Explanation

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

Ruentex Development Co'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 )
=10147.132 * ( 1 - 9.55% )/( (181085.866 + 182575.399)/ 2 )
=9178.080894/181830.6325
=5.05 %

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))
=193880.966 - 7348.593 - ( 5446.507 - max(0, 32541.671 - 58511.109+5446.507))
=181085.866

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))
=196237.23 - 8265.198 - ( 5396.633 - max(0, 27985.566 - 57602.917+5396.633))
=182575.399

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

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

Ruentex Development Co'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 )
=19434.216/( ( (9822.671 + max(34365.269, 0)) + (9861.526 + max(33803.221, 0)) )/ 2 )
=19434.216/( ( 44187.94 + 43664.747 )/ 2 )
=19434.216/43926.3435
=44.24 %

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)
=(2724.052 + 26446.329 + 18204.48) - (7348.593 + 0 + 5660.999)
=34365.269

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3521.965 + 24810.723 + 18275.857) - (8265.198 + 0 + 4540.126)
=33803.221

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 %:

Ruentex Development Co'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 )
=2536.783/14164.446
=17.91 %

* 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.


Ruentex Development Co Operating Income Related Terms


Ruentex Development Co Operating Income Historical Data

* Premium members only.

The historical data trend for Ruentex Development 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.

Ruentex Development Co Operating Income Chart

Ruentex Development Co 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 4,070.46 5,024.77 5,020.00 6,299.76 6,945.66

Ruentex Development Co 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 2,073.35 1,117.08 1,670.34 1,621.46 2,536.78
TPE:9945
74GF Score
Ruentex Development Co Ltd TPE:9945
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ruentex Development 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$6,946 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$6,946 Mil mean?
Ruentex Development Co (TPE:9945) has a Operating Income of NT$6,946 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ruentex Development Co and its competitors.
Is Ruentex Development Co's Operating Income too high?
Ruentex Development Co's current Operating Income is NT$6,946 Mil. Overall, Ruentex Development Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ruentex Development Co's Operating Income compare to PWR and FIX?
Ruentex Development Co's Operating Income of NT$6,946 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Ruentex Development Co and its competitors. Ruentex Development Co's current Operating Income is NT$6,946 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruentex Development Co stock overvalued right now?
Based on GuruFocus' analysis, Ruentex Development Co (TPE:9945) is currently considered Possible Value Trap. The stock's GF Value™ is NT$53.68, compared to a current price of NT$26.10 — trading 51.4% below its estimated fair value. The current Operating Income is NT$6,946 Mil. Ruentex Development Co's overall GF Score™ is 74/100 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 Ruentex Development Co (TPE:9945), the current Operating Income is NT$6,946 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 Ruentex Development Co (TPE:9945) Overvalued in 2026?

Based on GuruFocus' analysis, Ruentex Development Co stock appears to be undervalued. The current stock price of NT$26.10 is trading 51.4% below its estimated GF Value™ of NT$53.68. GuruFocus considers Ruentex Development Co to be Possible Value Trap.

Key valuation signals for TPE:9945:

  • Operating Income: NT$6,946 Mil
  • GF Value™: NT$53.68 vs. price of NT$26.10 (51.4% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the TPE:9945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ruentex Development Co Business Description

Address No. 308, Bade Road, 11th floor-1st floor, Section 2, Zhongshan District, Taipei, TWN, 104
Ruentex Development Co Ltd is a Taiwan-based company involved in the construction business. The company's reportable segments include Construction Business Department, Commercial Real Estate, Building Materials, and Other operating Departments. It generates maximum revenue from the Construction segment. Geographically, it derives a majority of its revenue from Taiwan.
74GF Score

Get the complete analysis for TPE:9945

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

NT$26.10
Price
NT$53.68
GF Value