Iron Force Industrial Co (TPE:2228) ROCE %: 9.53% (As of Dec. 2025)


TPE:2228 Iron Force Industrial Co Ltd TPE:2228
91 GF Score
Price NT$87.80
GF Value NT$92.64
Valuation Fairly Valued
! 3 Warning Signs
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What is Iron Force Industrial Co ROCE %?

Iron Force Industrial Co TPE:2228 +0.11% 91 ROCE % is 9.53% as of Dec. 2025. GuruFocus rates TPE:2228 with a GF Score™ of 91/100 and a GF Value™ of NT$92.64 (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. Iron Force Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 9.53%.

Iron Force Industrial Co  (TPE:2228) 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.

Iron Force Industrial Co ROCE % Related Terms

Iron Force Industrial Co ROCE % Historical Data

* Premium members only.

The historical data trend for Iron Force Industrial 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.

Iron Force Industrial Co ROCE % Chart

Iron Force Industrial Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.21 13.26 14.74 15.02 10.09

Iron Force Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.02 13.20 8.85 9.72 9.53
TPE:2228
91GF Score
Iron Force Industrial Co Ltd TPE:2228
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Iron Force Industrial Co ROCE % Calculation

Iron Force Industrial Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=611.932/( ( (6846.349 - 711.116) + (6734.972 - 740.475) )/ 2 )
=611.932/( (6135.233+5994.497)/ 2 )
=611.932/6064.865
=10.09 %

Iron Force Industrial Co's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=556.568/( ( (6718.257 - 1036.279) + (6734.972 - 740.475) )/ 2 )
=556.568/( ( 5681.978 + 5994.497 )/ 2 )
=556.568/5838.2375
=9.53 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 9.53% mean?
Iron Force Industrial Co (TPE:2228) has a ROCE % of 9.53% as of Dec. 2025.
Is Iron Force Industrial Co's ROCE % too high?
Iron Force Industrial Co's current ROCE % is 9.53%. The Vehicles & Parts industry median ROCE % is 7.94. Iron Force Industrial Co's value of 9.53% is 20% above this industry median. Overall, Iron Force Industrial Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Iron Force Industrial Co's ROCE % compare to ORLY and AZO?
Iron Force Industrial Co's ROCE % of 9.53% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Iron Force Industrial Co's value of 9.53% is 20% above 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 1,318 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. Iron Force Industrial Co's current ROCE % of 9.53% is 20% above 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. Iron Force Industrial Co's current ROCE % is 9.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Force Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Iron Force Industrial Co (TPE:2228) is currently considered Fairly Valued. The stock's GF Value™ is NT$92.64, compared to a current price of NT$87.80 — trading 5.2% below its estimated fair value. The current ROCE % is 9.53% and 20% above the Vehicles & Parts industry median of 7.94. Iron Force Industrial Co's overall GF Score™ is 91/100 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 Iron Force Industrial Co (TPE:2228), the current ROCE % is 9.53% as of Dec. 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 Iron Force Industrial Co (TPE:2228) Overvalued in 2026?

Based on GuruFocus' analysis, Iron Force Industrial Co stock appears to be undervalued. The current stock price of NT$87.80 is trading 5.2% below its estimated GF Value™ of NT$92.64. GuruFocus considers Iron Force Industrial Co to be Fairly Valued.

Key valuation signals for TPE:2228:

  • ROCE %: 9.53%
  • GF Value™: NT$92.64 vs. price of NT$87.80 (5.2% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 20% above the Vehicles & Parts median

No single metric tells the full story. See the TPE:2228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Iron Force Industrial Co Business Description

Address Xintai 5th Road, Section 1, 19 Floor, No. 98, Xizhi District, New Taipei City, TWN, 221
Iron Force Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and trading airbag inflators for automotive safety systems, high-precision metal tubes for seatbelt retractor/pretensioner systems, and trading display fixtures and other metal parts. The majority of its revenue is generated from the manufacturing and sales of automotive safety components. Geographically, the company generates maximum revenue from Mainland China and the rest from Taiwan and Europe.
91GF Score

Get the complete analysis for TPE:2228

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

NT$87.80
Price
NT$92.64
GF Value