Federal (TPE:2102) ROCE % : -3.08% (As of Sep. 2024)

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What is Federal 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. Federal's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.08%.

Federal ROCE % Historical Data

The historical data trend for Federal'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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Federal ROCE % Chart

Federal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.66

1.72

-20.50

-14.15

-15.30

Federal 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															-7.74	-20.91	-1.90	-0.91	-3.08

Federal ROCE % Calculation

Federal'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 )
	=	-1629.581	/	( ( (10018.29 - 1758.781)	+	(13775.395 - 734.74) )	/ 2 )
	=	-1629.581	/	( (8259.509	+	13040.655)	/ 2 )
	=	-1629.581	/	10650.082
	=	-15.30 %

Federal'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 )
	=	-392.464	/	( ( (13617.323 - 858.741)	+	(13588.885 - 890.752) )	/ 2 )
	=	-392.464	/	( ( 12758.582	+	12698.133 )	/ 2 )
	=	-392.464	/	12728.3575
	=	-3.08 %

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

Federal (TPE:2102) 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.

Federal ROCE % Related Terms

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Federal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Federal Corp (TPE:2102) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Huanbei Road, 2nd Floor, -1, Zhongli District, Taoyuan, TWN

Website

https://www.federalcorporation.com

Federal Corp is a Taiwan-based company, that engages in the manufacturing and sale of automobile tires. Its products include tires for ultra-high performance (UHP) vehicles and high-performance vehicles, tires for passenger cars, and tires for sports utility vehicles (SUVs), among others. It also provides light truck tires, drift tires, and all-season tires. The company derives its key revenue from the domestic market and the rest from Asia and America.

Federal Headlines

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