Hwa Fong Rubber Ind Co (TPE:2109) ROCE %: 7.06% (As of Sep. 2025)

What is Hwa Fong Rubber Ind Co ROCE %?

Hwa Fong Rubber Ind Co TPE:2109 -0.34% 73 ROCE % is 7.06% as of Sep. 2025. GuruFocus rates TPE:2109 with a GF Score™ of 73/100 and a GF Value™ of NT$14.80 (Fairly Valued). The stock has 3 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. Hwa Fong Rubber Ind Co's annualized ROCE % for the quarter that ended in Sep. 2025 was 7.06%.

Hwa Fong Rubber Ind Co (TPE:2109) 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.

Hwa Fong Rubber Ind Co ROCE % Related Terms

Hwa Fong Rubber Ind Co ROCE % Historical Data

* Premium members only.

The historical data trend for Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co ROCE % Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

13.37

12.89

10.53

13.06

12.04

Hwa Fong Rubber Ind Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25
ROCE %	Get a 7-Day Free Trial															4.13	15.27	10.86	4.90	7.06

73GF Score

Hwa Fong Rubber Ind Co Ltd TPE:2109

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Hwa Fong Rubber Ind Co ROCE % Calculation

Hwa Fong Rubber Ind Co'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 )
	=	782.644	/	( ( (7943.246 - 1577.893)	+	(8265.019 - 1632.255) )	/ 2 )
	=	782.644	/	( (6365.353	+	6632.764)	/ 2 )
	=	782.644	/	6499.0585
	=	12.04 %

Hwa Fong Rubber Ind Co's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2025 )		(Q: Jun. 2025 )		(Q: Sep. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2025 )		(Q: Jun. 2025 )		(Q: Sep. 2025 )
	=	439.028	/	( ( (7632.456 - 1404.891)	+	(7785.121 - 1580.163) )	/ 2 )
	=	439.028	/	( ( 6227.565	+	6204.958 )	/ 2 )
	=	439.028	/	6216.2615
	=	7.06 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.06% mean?

Hwa Fong Rubber Ind Co (TPE:2109) has a ROCE % of 7.06% as of Sep. 2025.

Is Hwa Fong Rubber Ind Co's ROCE % too high?

Hwa Fong Rubber Ind Co's current ROCE % is 7.06%. The Vehicles & Parts industry median ROCE % is 7.94. Hwa Fong Rubber Ind Co's value of 7.06% is 11.1% below this industry median. Overall, Hwa Fong Rubber Ind Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Hwa Fong Rubber Ind Co's ROCE % compare to ORLY and AZO?

Hwa Fong Rubber Ind Co's ROCE % of 7.06% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Hwa Fong Rubber Ind Co's value of 7.06% is 11.1% below this benchmark. 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 Vehicles & Parts company?

The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 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. Hwa Fong Rubber Ind Co's current ROCE % of 7.06% is 11.1% below the industry median. 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 Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hwa Fong Rubber Ind Co's current ROCE % is 7.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hwa Fong Rubber Ind Co stock overvalued right now?

Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co (TPE:2109) is currently considered Fairly Valued. The stock's GF Value™ is NT$14.80, compared to a current price of NT$14.50 — trading 2% below its estimated fair value. The current ROCE % is 7.06% and 11.1% below the Vehicles & Parts industry median of 7.94. Hwa Fong Rubber Ind Co's overall GF Score™ is 73/100 with 3 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 Hwa Fong Rubber Ind Co (TPE:2109), the current ROCE % is 7.06% as of Sep. 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 Hwa Fong Rubber Ind Co (TPE:2109) Overvalued in 2026?

Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co stock appears to be undervalued. The current stock price of NT$14.50 is trading 2% below its estimated GF Value™ of NT$14.80. GuruFocus considers Hwa Fong Rubber Ind Co to be Fairly Valued.

Key valuation signals for TPE:2109:

ROCE %: 7.06%
GF Value™: NT$14.80 vs. price of NT$14.50 (2% below fair value)
GF Score™: 73/100 with 3 warning signs
Industry Position: 11.1% below the Vehicles & Parts median

No single metric tells the full story. See the TPE:2109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hwa Fong Rubber Ind Co Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies ROCO:9951 TPE:1533 TPE:2241 ROCO:2256 TPE:1339 TPE:2254 TPE:6722 TPE:1568 ROCO:2249 TPE:1506 ORLY TSE:5802 AZO XKRX:012330 TSE:6902 TSE:5108 XPAR:ML SHSE:600660 XTER:KBX TSX:MG

Address No.300, Chung-Shan Road, Section 2, Ta-Tsun Township, Changhua County, Changhua, TWN, 515002

Website https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company engaged in the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. The company is engaged in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks, and radial tires. The company's reportable segments from a geographical perspective are Taiwan, Thailand, the United States of America, China and Other areas. The company generates the majority of its revenue from Other Areas.

73GF Score

Get the complete analysis for TPE:2109

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

NT$14.50

Price

NT$14.80

GF Value

View TPE:2109 Analysis

See ROCE % data for all stocks →