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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. Hwa Fong Rubber (Thailand) PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.57%.
Hwa Fong Rubber (Thailand) PCL (BKK:HFT) 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.
Hwa Fong Rubber (Thailand) PCL ROCE % Related Terms
Hwa Fong Rubber (Thailand) PCL ROCE % Historical Data
* 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.
(1) Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
Hwa Fong Rubber (Thailand) PCL (BKK:HFT) has a ROCE % of 8.57% as of Mar. 2026.
Is Hwa Fong Rubber (Thailand) PCL's ROCE % too high?
Hwa Fong Rubber (Thailand) PCL's current ROCE % is 8.57%. The Vehicles & Parts industry median ROCE % is 7.99. Hwa Fong Rubber (Thailand) PCL's value of 8.57% is 7.3% above this industry median. Overall, Hwa Fong Rubber (Thailand) PCL has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hwa Fong Rubber (Thailand) PCL's ROCE % compare to ORLY and AZO?
Hwa Fong Rubber (Thailand) PCL's ROCE % of 8.57% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.99. Hwa Fong Rubber (Thailand) PCL's value of 8.57% is 7.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.99, based on 1,315 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hwa Fong Rubber (Thailand) PCL's current ROCE % of 8.57% is 7.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hwa Fong Rubber (Thailand) PCL's current ROCE % is 8.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwa Fong Rubber (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Hwa Fong Rubber (Thailand) PCL (BKK:HFT) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.82, compared to a current price of ฿4.02 — trading 5.2% above its estimated fair value. The current ROCE % is 8.57% and 7.3% above the Vehicles & Parts industry median of 7.99. Hwa Fong Rubber (Thailand) PCL's overall GF Score™ is 66/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Hwa Fong Rubber (Thailand) PCL (BKK:HFT), the current ROCE % is 8.57% as of Mar. 2026. 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 Hwa Fong Rubber (Thailand) PCL (BKK:HFT) Overvalued in 2026?
Based on GuruFocus' analysis, Hwa Fong Rubber (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿4.02 is trading 5.2% above its estimated GF Value™ of ฿3.82.
GuruFocus considers Hwa Fong Rubber (Thailand) PCL to be Fairly Valued.
Key valuation signals for BKK:HFT:
ROCE %: 8.57%
GF Value™: ฿3.82 vs. price of ฿4.02 (5.2% above fair value)
Industry Position: 7.3% above the Vehicles & Parts median
No single metric tells the full story. See the BKK:HFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hwa Fong Rubber (Thailand) PCL Business Description
Hwa Fong Rubber (Thailand) PCL is a Thailand-based company engaged in the manufacturing and distribution of tires and tubes for bicycles, motorcycles, and small logistics vehicles such as trolley forklifts, golf carts, and hiking carts. The company operates in two reportable segments: Sale of goods and services, which derives maximum revenue, and Investment. Geographically, the company's business is spread across Asia, Europe, America, and Other regions.
66GF Score
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