TSRC (TPE:2103) ROCE % : 2.14% (As of Dec. 2024)

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What is TSRC 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. TSRC's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.14%.

TSRC ROCE % Historical Data

The historical data trend for TSRC'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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TSRC ROCE % Chart

TSRC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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3.03

26.31

13.09

6.71

7.28

TSRC 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															8.07	8.33	9.05	9.09	2.14

TSRC ROCE % Calculation

TSRC'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 )
	=	2182.49	/	( ( (37988.377 - 10433.433)	+	(43216.289 - 10840.28) )	/ 2 )
	=	2182.49	/	( (27554.944	+	32376.009)	/ 2 )
	=	2182.49	/	29965.4765
	=	7.28 %

TSRC'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 )
	=	690.732	/	( ( (43083.672 - 10931.885)	+	(43216.289 - 10840.28) )	/ 2 )
	=	690.732	/	( ( 32151.787	+	32376.009 )	/ 2 )
	=	690.732	/	32263.898
	=	2.14 %

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

TSRC (TPE:2103) 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.

TSRC ROCE % Related Terms

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TSRC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TSRC Corp (TPE:2103) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

95, Section 2, Dunhua South Road, 18 Floor, Taipei, TWN, 106

Website

https://www.tsrc.com.tw

TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.

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