Tex Year Industries Co (TPE:4720) ROCE % : 22.11% (As of Sep. 2023)

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What is Tex Year Industries Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tex Year Industries Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 22.11%.

Tex Year Industries Co ROCE % Historical Data

The historical data trend for Tex Year Industries Co's ROCE % 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.

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Tex Year Industries Co ROCE % Chart

Tex Year Industries Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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3.50

3.43

4.72

8.19

3.61

Tex Year Industries Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															1.67	6.21	1.68	4.41	22.11

Tex Year Industries Co ROCE % Calculation

Tex Year Industries Co's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	69.854	/	( ( (3055.987 - 1099.445)	+	(3280.649 - 1367.375) )	/ 2 )
	=	69.854	/	( (1956.542	+	1913.274)	/ 2 )
	=	69.854	/	1934.908
	=	3.61 %

Tex Year Industries Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	429.732	/	( ( (3078.467 - 1167.246)	+	(3213.887 - 1237.231) )	/ 2 )
	=	429.732	/	( ( 1911.221	+	1976.656 )	/ 2 )
	=	429.732	/	1943.9385
	=	22.11 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Tex Year Industries Co (TPE:4720) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tex Year Industries Co ROCE % Related Terms

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Tex Year Industries Co (TPE:4720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tex Year Industries Co Ltd (TPE:4720) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Wuquan 6th Road, Wugu District, New Taipei, TWN, 248

Website

https://www.texyear.com

Tex Year Industries Co Ltd is the company whose main business items are the manufacturing and trading of glues, adhesives, hot-melt glues, and medical equipment. The company's product pipeline includes hot melt adhesives, dental supplies, visible light curing glue, Infection control, vibration equipment, and others. The company's geographical reporting segments are Taiwan, Asia, Europe, America, and others.

Tex Year Industries Co (TPE:4720) Headlines

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