Tah hsin Industrial (TPE:1315) ROCE % : 2.04% (As of Mar. 2024)

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What is Tah hsin Industrial 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. Tah hsin Industrial's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.04%.

Tah hsin Industrial ROCE % Historical Data

The historical data trend for Tah hsin Industrial'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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Tah hsin Industrial ROCE % Chart

Tah hsin Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.60

56.36

2.34

6.97

3.40

Tah hsin Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.40	9.13	5.35	-2.53	2.04

Tah hsin Industrial ROCE % Calculation

Tah hsin Industrial'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 )
	=	369.936	/	( ( (11534.541 - 680.377)	+	(11342.819 - 460.232) )	/ 2 )
	=	369.936	/	( (10854.164	+	10882.587)	/ 2 )
	=	369.936	/	10868.3755
	=	3.40 %

Tah hsin Industrial's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	218.532	/	( ( (11342.819 - 460.232)	+	(11212.755 - 716.441) )	/ 2 )
	=	218.532	/	( ( 10882.587	+	10496.314 )	/ 2 )
	=	218.532	/	10689.4505
	=	2.04 %

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

Tah hsin Industrial (TPE:1315) 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.

Tah hsin Industrial ROCE % Related Terms

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Tah hsin Industrial (TPE:1315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tah hsin Industrial Corp (TPE:1315) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51, 35th Road, Taichung Industrial Park, Xitun District, Taichung, TWN

Website

https://www.tahhsin.com.tw

Tah hsin Industrial Corp is engaged in the manufacturing and trading of a variety of plastic raincoats, nylon raincoats, overalls, wardrobes, nylon jackets, PP corrugated boards, TC ready-to-wear garments, leather goods, handbags, file folders, plastic film, carrier bags, laminating machines, and others. Its operating segment includes Tahsin in Taiwan, Tahsin Shoji Co., Ltd, United States T.H. USA; Fujian Putian DAFU Plastic Industry Co., Ltd; Tah Viet Co., Ltd; Myanmar Tahsin; Tah Fa Investment Co., Ltd, and others. The company generates maximum revenue from the Tahsin Taiwan segment.

Tah hsin Industrial (TPE:1315) Headlines

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