TS Lines (HKSE:02510) ROCE %: 13.08% (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.

HKSE:02510 TS Lines Ltd HKSE:02510
20 GF Score
Price HK$13.52
! 8 Warning Signs
View Full Analysis

What is TS Lines ROCE %?

TS Lines HKSE:02510 +5.62% 20 ROCE % is 13.08% as of Dec. 2025. GuruFocus rates HKSE:02510 with a GF Score™ of 20/100. The stock has 8 warning signs investors should review.

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. TS Lines's annualized ROCE % for the quarter that ended in Dec. 2025 was 13.08%.

TS Lines  (HKSE:02510) 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.

TS Lines ROCE % Related Terms

TS Lines ROCE % Historical Data

* Premium members only.

The historical data trend for TS Lines'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.

TS Lines ROCE % Chart

TS Lines Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
58.93 51.62 0.83 18.42 15.42

TS Lines Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
ROCE % Get a 7-Day Free Trial 6.33 29.50 18.24 13.08 20.97
HKSE:02510
20GF Score
TS Lines Ltd HKSE:02510
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TS Lines ROCE % Calculation

TS Lines's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=2587.24/( ( (18047.246 - 1796.448) + (19133.695 - 1828.356) )/ 2 )
=2587.24/( (16250.798+17305.339)/ 2 )
=2587.24/16778.0685
=15.42 %

TS Lines's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=2212.268/( ( (19725.525 - 3208.712) + (19133.695 - 1828.356) )/ 2 )
=2212.268/( ( 16516.813 + 17305.339 )/ 2 )
=2212.268/16911.076
=13.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.08% mean?
TS Lines (HKSE:02510) has a ROCE % of 13.08% as of Dec. 2025.
Is TS Lines' ROCE % too high?
TS Lines' current ROCE % is 13.08%. The Transportation industry median ROCE % is 7.89. TS Lines' value of 13.08% is 65.8% above this industry median. Overall, TS Lines has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does TS Lines' ROCE % compare to competitors?
TS Lines' ROCE % of 13.08% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.89. TS Lines' value of 13.08% is 65.8% 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 Transportation company?
The median ROCE % among Transportation companies is 7.89, based on 993 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. TS Lines's current ROCE % of 13.08% is 65.8% 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 Transportation industry, the median ROCE % is 7.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TS Lines's current ROCE % is 13.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TS Lines stock overvalued right now?
TS Lines (HKSE:02510) has a current ROCE % of 13.08%. The current ROCE % is 13.08% and 65.8% above the Transportation industry median of 7.89. TS Lines' overall GF Score™ is 20/100 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 TS Lines (HKSE:02510), the current ROCE % is 13.08% 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.

TS Lines Business Description

Address Tun-Hwa North Road, No. 167, 6th Floor, Songshan District, Taipei, TWN, 105
TS Lines Ltd is a container shipping company focused on the Asia region. Its fleet consists of both owned and chartered vessels, focusing on high-frequency short-haul services originating from Asia. The Group generates maximum revenue from the provision of container shipping services, and also generates some income from other related services comprising slottage revenue, demurrage, and detention income. Geographically, it generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong Special Administrative Region, Taiwan, Japan, Australia, the Philippines, Thailand, India, and other countries.
20GF Score

Get the complete analysis for HKSE:02510

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

HK$13.52
Price