Hsin Yung Chien Co (TPE:2114) ROCE % : 14.02% (As of Mar. 2024)

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What is Hsin Yung Chien Co 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. Hsin Yung Chien Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.02%.

Hsin Yung Chien Co ROCE % Historical Data

The historical data trend for Hsin Yung Chien 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.

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Hsin Yung Chien Co ROCE % Chart

Hsin Yung Chien Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.21

24.99

37.12

16.20

17.60

Hsin Yung Chien Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.63	19.60	19.58	18.66	14.02

Hsin Yung Chien Co ROCE % Calculation

Hsin Yung Chien Co'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 )
	=	584.989	/	( ( (3568.547 - 376.763)	+	(3804.622 - 349.547) )	/ 2 )
	=	584.989	/	( (3191.784	+	3455.075)	/ 2 )
	=	584.989	/	3323.4295
	=	17.60 %

Hsin Yung Chien Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	489.96	/	( ( (3804.622 - 349.547)	+	(3873.694 - 337.173) )	/ 2 )
	=	489.96	/	( ( 3455.075	+	3536.521 )	/ 2 )
	=	489.96	/	3495.798
	=	14.02 %

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

Hsin Yung Chien Co (TPE:2114) 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.

Hsin Yung Chien Co ROCE % Related Terms

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Hsin Yung Chien Co (TPE:2114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hsin Yung Chien Co Ltd (TPE:2114) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 294, Nangang 3rd Road, Nan Kung Industrial Zone, Nantou County, Nantou, TWN, 54067

Website

https://www.hyc-king.com

Hsin Yung Chien Co Ltd engages in the manufacturing, processing and sales of rubber conveyor belt, rubber sheet, oil resistant, acid resistant, heat resistant packer elements and other rubber products in Taiwan. Its products include straight warp conveyor belt, specialty conveyor belt, light duty conveyor belt, chevron conveyor belt, Kevlar conveyor belt, and steel cord conveyor belt.

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