Tycoons Group Enterprise Co (TPE:2022) ROCE % : -8.21% (As of Sep. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Tycoons Group Enterprise 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. Tycoons Group Enterprise Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.21%.

Tycoons Group Enterprise Co ROCE % Historical Data

The historical data trend for Tycoons Group Enterprise 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.

* Premium members only.

Tycoons Group Enterprise Co ROCE % Chart

Tycoons Group Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-10.77

-2.41

9.88

0.60

6.55

Tycoons Group Enterprise 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															0.26	14.44	5.02	-2.53	-8.21

Tycoons Group Enterprise Co ROCE % Calculation

Tycoons Group Enterprise 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 )
	=	451.55	/	( ( (8521.013 - 1948.749)	+	(8911.084 - 1693.174) )	/ 2 )
	=	451.55	/	( (6572.264	+	7217.91)	/ 2 )
	=	451.55	/	6895.087
	=	6.55 %

Tycoons Group Enterprise 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 )
	=	-593.94	/	( ( (9660.819 - 2618.503)	+	(10179.902 - 2756.953) )	/ 2 )
	=	-593.94	/	( ( 7042.316	+	7422.949 )	/ 2 )
	=	-593.94	/	7232.6325
	=	-8.21 %

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

Tycoons Group Enterprise Co (TPE:2022) 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.

Tycoons Group Enterprise Co ROCE % Related Terms

Thank you for viewing the detailed overview of Tycoons Group Enterprise Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tycoons Group Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tycoons Group Enterprise Co Ltd (TPE:2022) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 79-1 Sinle Street, Gangshan District, Kaohsiung, TWN, 820

Website

https://ir.tycons.com

Tycoons Group Enterprise Co Ltd is principally engaged in the manufacture, processing, and sales of wire rods and screws. The main business is to produce, process, commerce, export or lease screws, screw nuts, washer, steel thread, heat-processing of metal-blazed, mechanical parts, press-modeling machines as well as heat-processing equipment, and to manufacture, process, and export various metal-models, and general international trade business.

Tycoons Group Enterprise Co Headlines

No Headlines