General Biologicals (ROCO:4117) Operating Margin %: -104.16% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:4117 General Biologicals Corp ROCO:4117
50 GF Score
Price NT$10.40
GF Value NT$14.06
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is General Biologicals Operating Margin %?

General Biologicals ROCO:4117 -9.96% 50 Operating Margin % is -104.16% as of Dec. 2025. GuruFocus rates ROCO:4117 with a GF Score™ of 50/100 and a GF Value™ of NT$14.06 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 959 Drug Manufacturers companies, General Biologicals ranks worse than 91.03% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. General Biologicals's Operating Income for the six months ended in Dec. 2025 was NT$-109.4 Mil. General Biologicals's Revenue for the six months ended in Dec. 2025 was NT$105.0 Mil. Therefore, General Biologicals's Operating Margin % for the quarter that ended in Dec. 2025 was -104.16%.

The historical rank and industry rank for General Biologicals's Operating Margin % or its related term are showing as below:

ROCO:4117' s Operating Margin % Range Over the Past 10 Years
Min: -101.22   Med: -34.98   Max: 13.26
Current: -101.22


ROCO:4117's Operating Margin % is ranked worse than
91.03% of 959 companies
in the Drug Manufacturers industry
Industry Median: 7.59 vs ROCO:4117: -101.22

General Biologicals's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

General Biologicals's Operating Income for the six months ended in Dec. 2025 was NT$-109.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-218.4 Mil.

Warning Sign:

General Biologicals Corp has never been profitable in the past 3 years. It lost money every year.


General Biologicals  (ROCO:4117) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


General Biologicals Operating Margin % Related Terms


General Biologicals Operating Margin % Historical Data

* Premium members only.

The historical data trend for General Biologicals's Operating Margin % 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.

General Biologicals Operating Margin % Chart

General Biologicals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.08 -12.03 -65.63 -84.61 -101.22

General Biologicals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Margin % 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 -62.65 -86.08 -83.44 -98.43 -104.16

ROCO:4117 vs ZTS, UTHR: Operating Margin % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, General Biologicals's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Biologicals Operating Margin % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, General Biologicals's Operating Margin % distribution charts can be found below:

* The bar in red indicates where General Biologicals's Operating Margin % falls into.


ROCO:4117
50GF Score
General Biologicals Corp ROCO:4117
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Biologicals Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

General Biologicals's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-218.368 / 215.739
=-101.22 %

General Biologicals'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 )
=-109.378 / 105.01
=-104.16 %

* 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 Margin % →
What does a Operating Margin % of -104.16% mean?
General Biologicals (ROCO:4117) has a Operating Margin % of -104.16% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on General Biologicals and its competitors. According to the industry distribution chart, General Biologicals ranks #873 out of 959 companies in the Drug Manufacturers industry, placing it in the top 91%.
Is General Biologicals' Operating Margin % too high?
General Biologicals' current Operating Margin % is -104.16%. Based on the distribution chart, General Biologicals ranks #873 out of 959 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, General Biologicals has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does General Biologicals' Operating Margin % compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, General Biologicals ranks #873 out of 959 companies for Operating Margin %. This places General Biologicals in the lower half of its industry. The industry median Operating Margin % is 7.59. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Drug Manufacturers company?
The median Operating Margin % among Drug Manufacturers companies is 7.59, based on 959 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on General Biologicals and its competitors. For the Drug Manufacturers industry, the median Operating Margin % is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Biologicals's current Operating Margin % is -104.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Biologicals stock overvalued right now?
Based on GuruFocus' analysis, General Biologicals (ROCO:4117) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.06, compared to a current price of NT$10.40 — trading 26% below its estimated fair value. The current Operating Margin % is -104.16%. General Biologicals' overall GF Score™ is 50/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For General Biologicals (ROCO:4117), the current Operating Margin % is -104.16% 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 General Biologicals (ROCO:4117) Overvalued in 2026?

Based on GuruFocus' analysis, General Biologicals stock appears to be undervalued. The current stock price of NT$10.40 is trading 26% below its estimated GF Value™ of NT$14.06. GuruFocus considers General Biologicals to be Modestly Undervalued.

Key valuation signals for ROCO:4117:

  • Operating Margin %: -104.16%
  • GF Value™: NT$14.06 vs. price of NT$10.40 (26% below fair value)
  • GF Score™: 50/100 with 8 warning signs

No single metric tells the full story. See the ROCO:4117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General Biologicals Business Description

Address No-6, Innovation First Road, Hsinchu Science Park, Hsinchu, TWN, 300092
General Biologicals Corp is a developer and manufacturer of vitro diagnostic devices in Taiwan. It offers research development, marketing and servicing of products and solutions for hospitals, medical laboratories, blood banks, and research and industry. Its products include Anti-HDV, HIV Ag-Ab COMB, Anti-HBs, and many others.
50GF Score

Get the complete analysis for ROCO:4117

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

NT$10.40
Price
NT$14.06
GF Value