Tayih Kenmos Auto Parts Co (ROCO:8107) ROCE % : -1.87% (As of Sep. 2024)

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What is Tayih Kenmos Auto Parts 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. Tayih Kenmos Auto Parts Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.87%.

Tayih Kenmos Auto Parts Co ROCE % Historical Data

The historical data trend for Tayih Kenmos Auto Parts 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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Tayih Kenmos Auto Parts Co ROCE % Chart

Tayih Kenmos Auto Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.04

0.77

1.48

2.09

-1.25

Tayih Kenmos Auto Parts Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.36	-5.64	7.61	6.71	-1.87

Tayih Kenmos Auto Parts Co ROCE % Calculation

Tayih Kenmos Auto Parts Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-33.171	/	( ( (3035.477 - 379.925)	+	(3160.786 - 513.036) )	/ 2 )
	=	-33.171	/	( (2655.552	+	2647.75)	/ 2 )
	=	-33.171	/	2651.651
	=	-1.25 %

Tayih Kenmos Auto Parts Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-46.332	/	( ( (3111.839 - 631.963)	+	(3127.21 - 655.016) )	/ 2 )
	=	-46.332	/	( ( 2479.876	+	2472.194 )	/ 2 )
	=	-46.332	/	2476.035
	=	-1.87 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Tayih Kenmos Auto Parts Co (ROCO:8107) 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.

Tayih Kenmos Auto Parts Co ROCE % Related Terms

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Tayih Kenmos Auto Parts Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tayih Kenmos Auto Parts Co (ROCO:8107) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 39, Xinle Road, South District, Tainan, TWN, 702

Website

http://www.kenmos.com.tw

Tayih Kenmos Auto Parts Co manufactures side step for automobiles. The company manufacturing and distributes various moulded side step for automobiles, which are installed in car of various brands which include Chevrolet, Ford, GMC, Toyota and Nissan. .The company derives revenue from sale of various products such as Trunk rear bumper, Automobiles and motorcycles filter, Splitter and Others. It operates its business across Taiwan.

Tayih Kenmos Auto Parts Co Headlines

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