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Zen Voce (ROCO:3581) Operating Margin % : -0.45% (As of Mar. 2024)


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What is Zen Voce Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Zen Voce's Operating Income for the three months ended in Mar. 2024 was NT$-1 Mil. Zen Voce's Revenue for the three months ended in Mar. 2024 was NT$326 Mil. Therefore, Zen Voce's Operating Margin % for the quarter that ended in Mar. 2024 was -0.45%.

Warning Sign:

Zen Voce Corp operating margin has been in a 5-year decline. The average rate of decline per year is -1.7%.

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

ROCO:3581' s Operating Margin % Range Over the Past 10 Years
Min: 2.97   Med: 8.15   Max: 11.18
Current: 2.97


ROCO:3581's Operating Margin % is ranked worse than
56.69% of 986 companies
in the Semiconductors industry
Industry Median: 5.27 vs ROCO:3581: 2.97

Zen Voce's 5-Year Average Operating Margin % Growth Rate was -1.70% per year.

Zen Voce's Operating Income for the three months ended in Mar. 2024 was NT$-1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was NT$42 Mil.

Warning Sign:

Zen Voce Corp has recorded a loss in operating income at least once over the past 3 years.


Zen Voce Operating Margin % Historical Data

The historical data trend for Zen Voce'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.

* Premium members only.

Zen Voce Operating Margin % Chart

Zen Voce Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.18 11.18 10.27 10.34 4.61

Zen Voce Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.30 1.65 7.67 2.46 -0.45

Competitive Comparison of Zen Voce's Operating Margin %

For the Semiconductors subindustry, Zen Voce'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.


Zen Voce's Operating Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zen Voce's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Zen Voce's Operating Margin % falls into.



Zen Voce 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.

Zen Voce's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=67.354 / 1460.751
=4.61 %

Zen Voce's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=-1.473 / 326.331
=-0.45 %

* 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.


Zen Voce  (ROCO:3581) 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.


Zen Voce Operating Margin % Related Terms

Thank you for viewing the detailed overview of Zen Voce's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Zen Voce (ROCO:3581) Business Description

Traded in Other Exchanges
N/A
Address
No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.

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