Foxtron Vehicle Technologies Co (TPE:2258) ROCE % : -17.19% (As of Mar. 2024)

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What is Foxtron Vehicle Technologies 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. Foxtron Vehicle Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.19%.

Foxtron Vehicle Technologies Co ROCE % Historical Data

The historical data trend for Foxtron Vehicle Technologies 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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Foxtron Vehicle Technologies Co ROCE % Chart

Foxtron Vehicle Technologies Co Annual Data

Trend

Dec21

Dec22

ROCE %

-7.24

-11.77

Foxtron Vehicle Technologies Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				-20.56	-16.28	-14.73	-19.80	-17.19

Foxtron Vehicle Technologies Co ROCE % Calculation

Foxtron Vehicle Technologies Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1642.246	/	( ( (14997.842 - 430.584)	+	(14178.617 - 838.674) )	/ 2 )
	=	-1642.246	/	( (14567.258	+	13339.943)	/ 2 )
	=	-1642.246	/	13953.6005
	=	-11.77 %

Foxtron Vehicle Technologies 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-2743.52	/	( ( (13159.249 - 722.527)	+	(20923.437 - 1449.252) )	/ 2 )
	=	-2743.52	/	( ( 12436.722	+	19474.185 )	/ 2 )
	=	-2743.52	/	15955.4535
	=	-17.19 %

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

Foxtron Vehicle Technologies Co (TPE:2258) 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.

Foxtron Vehicle Technologies Co ROCE % Related Terms

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Foxtron Vehicle Technologies Co (TPE:2258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Foxtron Vehicle Technologies Co Ltd (TPE:2258) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongxing Road, No. 3, Sector 3, 8th Floor, Xindian District, New Taipei, TWN

Website

https://www.foxtronev.com

Foxtron Vehicle Technologies Co Ltd is an automobile company. The services provided by the company are Product planning, styling, Engineering design, Trail production, and vehicle test verification.

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