Nankang Rubber Tire (TPE:2101) ROCE % : -2.02% (As of Dec. 2024)

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What is Nankang Rubber Tire 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. Nankang Rubber Tire's annualized ROCE % for the quarter that ended in Dec. 2024 was -2.02%.

Nankang Rubber Tire ROCE % Historical Data

The historical data trend for Nankang Rubber Tire'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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Nankang Rubber Tire ROCE % Chart

Nankang Rubber Tire Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.41

-0.70

-4.70

1.71

14.10

Nankang Rubber Tire 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															3.04	1.33	11.44	44.44	-2.02

Nankang Rubber Tire ROCE % Calculation

Nankang Rubber Tire'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 )
	=	3536.737	/	( ( (41618.441 - 18446.479)	+	(44138.273 - 17132.308) )	/ 2 )
	=	3536.737	/	( (23171.962	+	27005.965)	/ 2 )
	=	3536.737	/	25088.9635
	=	14.10 %

Nankang Rubber Tire'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 )
	=	-537.064	/	( ( (43971.263 - 17768.895)	+	(44138.273 - 17132.308) )	/ 2 )
	=	-537.064	/	( ( 26202.368	+	27005.965 )	/ 2 )
	=	-537.064	/	26604.1665
	=	-2.02 %

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

Nankang Rubber Tire (TPE:2101) 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.

Nankang Rubber Tire ROCE % Related Terms

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Nankang Rubber Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nankang Rubber Tire Corp Ltd (TPE:2101) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jen Ai Road, Suite 608, Floor 6, Number. 136, Sec. 3, Taipei, TWN

Website

https://www.nankang-tyre.com

Nankang Rubber Tire Corp Ltd manufactures and sells tires and rubber supplies. The products offered by the company include Light truck series, Truck/Trailer series, Motorsport, Car series, and others. Its geographical segments are Taiwan, China, the United States, Europe, Other regions in Asia, and Others. The company derives maximum revenue from Europe.

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