Tainan Enterprises Co (TPE:1473) ROCE % : 8.91% (As of Dec. 2024)

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What is Tainan Enterprises 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. Tainan Enterprises Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.91%.

Tainan Enterprises Co ROCE % Historical Data

The historical data trend for Tainan Enterprises 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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Tainan Enterprises Co ROCE % Chart

Tainan Enterprises Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-9.43

-3.37

10.51

9.87

13.12

Tainan Enterprises Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															5.61	24.27	11.04	8.20	8.91

Tainan Enterprises Co ROCE % Calculation

Tainan Enterprises Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	541.656	/	( ( (5434.361 - 1537.325)	+	(5880.297 - 1517.28) )	/ 2 )
	=	541.656	/	( (3897.036	+	4363.017)	/ 2 )
	=	541.656	/	4130.0265
	=	13.12 %

Tainan Enterprises Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	380.124	/	( ( (5512.318 - 1339.43)	+	(5880.297 - 1517.28) )	/ 2 )
	=	380.124	/	( ( 4172.888	+	4363.017 )	/ 2 )
	=	380.124	/	4267.9525
	=	8.91 %

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

Tainan Enterprises Co (TPE:1473) 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.

Tainan Enterprises Co ROCE % Related Terms

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Tainan Enterprises Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tainan Enterprises Co Ltd (TPE:1473) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15-1, Han-Chou South Road, Sec.1, Taipei, TWN

Website

https://www.eng.tai-nan.com

Tainan Enterprises Co Ltd engages in the manufacturing, retail and export of various kinds of apparels (including woven and knitted garments) in Taiwan. It is principally involved in the manufacturing of all kinds of clothes. Its products include pants, shirts, dresses, skirts, jackets, vests, and coats. It has two segments namely: Garment production and Investment. Geographically the company distributes its services in Taiwan, the United States, Japan, China, Taiwan, Cambodia, Indonesia, Vietnam, Canada and Others, out of which it derives maximum revenue from United States.

Tainan Enterprises Co Headlines

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