Hai Kwang Enterprise (TPE:2038) ROCE %: -3.72% (As of Dec. 2025)


TPE:2038 Hai Kwang Enterprise Corp TPE:2038
66 GF Score
Price NT$13.20
GF Value NT$15.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hai Kwang Enterprise ROCE %?

Hai Kwang Enterprise TPE:2038 -0.38% 66 ROCE % is -3.72% as of Dec. 2025. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.11 (Modestly Undervalued). The stock has 6 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. Hai Kwang Enterprise's annualized ROCE % for the quarter that ended in Dec. 2025 was -3.72%.

Hai Kwang Enterprise  (TPE:2038) 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.

Hai Kwang Enterprise ROCE % Related Terms

Hai Kwang Enterprise ROCE % Historical Data

* Premium members only.

The historical data trend for Hai Kwang Enterprise'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.

Hai Kwang Enterprise ROCE % Chart

Hai Kwang Enterprise Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.37 5.46 2.19 2.32 -0.40

Hai Kwang Enterprise Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.79 6.05 -0.38 -3.29 -3.72
TPE:2038
66GF Score
Hai Kwang Enterprise Corp TPE:2038
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hai Kwang Enterprise ROCE % Calculation

Hai Kwang Enterprise'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 )
=-26.469/( ( (10195.88 - 3882.389) + (9648.826 - 2871.802) )/ 2 )
=-26.469/( (6313.491+6777.024)/ 2 )
=-26.469/6545.2575
=-0.40 %

Hai Kwang Enterprise'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: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=-255.164/( ( (9891.075 - 2946.407) + (9648.826 - 2871.802) )/ 2 )
=-255.164/( ( 6944.668 + 6777.024 )/ 2 )
=-255.164/6860.846
=-3.72 %

(1) Note: The EBIT data used here is four times the quarterly (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 -3.72% mean?
Hai Kwang Enterprise (TPE:2038) has a ROCE % of -3.72% as of Dec. 2025.
Is Hai Kwang Enterprise's ROCE % too high?
Hai Kwang Enterprise's current ROCE % is -3.72%. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's ROCE % compare to NUE and STLD?
Hai Kwang Enterprise's ROCE % of -3.72% can be compared against companies in the Steel industry. The industry median ROCE % is 5.52. 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 Steel company?
The median ROCE % among Steel companies is 5.52, based on 619 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. 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 Steel industry, the median ROCE % is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current ROCE % is -3.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current ROCE % is -3.72%. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 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 Hai Kwang Enterprise (TPE:2038), the current ROCE % is -3.72% 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.

Is Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?

Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued. The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11. GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.

Key valuation signals for TPE:2038:

  • ROCE %: -3.72%
  • GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hai Kwang Enterprise Business Description

Address No. 12, Yanhai 2nd Road, Xiaogang District, Kaohsiung City, TWN
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score

Get the complete analysis for TPE:2038

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

NT$13.20
Price
NT$15.11
GF Value