Associated Industries China (TPE:9912) Operating Margin %: -0.92% (As of Dec. 2025)


TPE:9912 Associated Industries China Inc TPE:9912
61 GF Score
Price NT$12.70
GF Value NT$11.36
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Associated Industries China Operating Margin %?

Associated Industries China TPE:9912 61 Operating Margin % is -0.92% as of Dec. 2025. GuruFocus rates TPE:9912 with a GF Score™ of 61/100 and a GF Value™ of NT$11.36 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,471 Hardware companies, Associated Industries China ranks worse than 83.25% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Associated Industries China's Operating Income for the three months ended in Dec. 2025 was NT$-1.3 Mil. Associated Industries China's Revenue for the three months ended in Dec. 2025 was NT$143.8 Mil. Therefore, Associated Industries China's Operating Margin % for the quarter that ended in Dec. 2025 was -0.92%.

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

TPE:9912' s Operating Margin % Range Over the Past 10 Years
Min: -12.37   Med: -3.15   Max: 3.07
Current: -11.98


TPE:9912's Operating Margin % is ranked worse than
83.25% of 2471 companies
in the Hardware industry
Industry Median: 3.82 vs TPE:9912: -11.98

Associated Industries China's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Associated Industries China's Operating Income for the three months ended in Dec. 2025 was NT$-1.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was NT$-60.7 Mil.

Warning Sign:

Associated Industries China Inc has never been profitable in the past 3 years. It lost money every year.


Associated Industries China  (TPE:9912) 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.


Associated Industries China Operating Margin % Related Terms


Associated Industries China Operating Margin % Historical Data

* Premium members only.

The historical data trend for Associated Industries China'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.

Associated Industries China Operating Margin % Chart

Associated Industries China 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 2.20 -6.12 -7.84 -12.37 -11.98

Associated Industries China Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -17.90 -24.63 -12.05 -12.93 -0.92

TPE:9912 vs APH, GLW: Operating Margin % Comparison

For the Electronic Components subindustry, Associated Industries China'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.


Associated Industries China Operating Margin % vs Hardware Industry

For the Hardware industry and Technology sector, Associated Industries China's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Associated Industries China's Operating Margin % falls into.


TPE:9912
61GF Score
Associated Industries China Inc TPE:9912
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Industries China 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.

Associated Industries China'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 )
=-60.667 / 506.372
=-11.98 %

Associated Industries China'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 )
=-1.318 / 143.758
=-0.92 %

* 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 -0.92% mean?
Associated Industries China (TPE:9912) has a Operating Margin % of -0.92% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Associated Industries China and its competitors. According to the industry distribution chart, Associated Industries China ranks #2057 out of 2471 companies in the Hardware industry, placing it in the top 83.2%.
Is Associated Industries China's Operating Margin % too high?
Associated Industries China's current Operating Margin % is -0.92%. Based on the distribution chart, Associated Industries China ranks #2057 out of 2471 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Associated Industries China has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Associated Industries China's Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Associated Industries China ranks #2057 out of 2471 companies for Operating Margin %. This places Associated Industries China in the lower half of its industry. The industry median Operating Margin % is 3.82. 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 Hardware company?
The median Operating Margin % among Hardware companies is 3.82, based on 2,471 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 Associated Industries China and its competitors. For the Hardware industry, the median Operating Margin % is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Industries China's current Operating Margin % is -0.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Industries China stock overvalued right now?
Based on GuruFocus' analysis, Associated Industries China (TPE:9912) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$11.36, compared to a current price of NT$12.70 — trading 11.8% above its estimated fair value. The current Operating Margin % is -0.92%. Associated Industries China's overall GF Score™ is 61/100 with 7 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 Associated Industries China (TPE:9912), the current Operating Margin % is -0.92% 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 Associated Industries China (TPE:9912) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Industries China stock appears to be overvalued. The current stock price of NT$12.70 is trading 11.8% above its estimated GF Value™ of NT$11.36. GuruFocus considers Associated Industries China to be Modestly Overvalued.

Key valuation signals for TPE:9912:

  • Operating Margin %: -0.92%
  • GF Value™: NT$11.36 vs. price of NT$12.70 (11.8% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the TPE:9912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Industries China Business Description

Address No. 3-1, Park Street, 5th Floor-1, Nangang District, Taipei, TWN, 11503
Associated Industries China Inc is engaged in the research, development, and sale of LCD monitors, Medical equipment and Healthcare products, Other accessories, and the Real estate rental business. The company earns maximum revenue from LCD monitors, and geographically, the company earns maximum revenue from the Netherlands, followed by the United States, Taiwan, and others.
61GF Score

Get the complete analysis for TPE:9912

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

NT$12.70
Price
NT$11.36
GF Value