TST Group Holding (TPE:4439) ROCE % : 5.60% (As of Sep. 2024)

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What is TST Group Holding 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. TST Group Holding's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.60%.

TST Group Holding ROCE % Historical Data

The historical data trend for TST Group Holding'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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TST Group Holding ROCE % Chart

TST Group Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.22

21.75

16.44

19.16

15.81

TST Group Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															9.80	3.13	9.50	8.35	5.60

TST Group Holding ROCE % Calculation

TST Group Holding'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 )
	=	535.725	/	( ( (4312.026 - 1208.765)	+	(4980.436 - 1305.425) )	/ 2 )
	=	535.725	/	( (3103.261	+	3675.011)	/ 2 )
	=	535.725	/	3389.136
	=	15.81 %

TST Group Holding's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	224.92	/	( ( (5664.47 - 1595.703)	+	(5580.046 - 1618.644) )	/ 2 )
	=	224.92	/	( ( 4068.767	+	3961.402 )	/ 2 )
	=	224.92	/	4015.0845
	=	5.60 %

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

TST Group Holding (TPE:4439) 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.

TST Group Holding ROCE % Related Terms

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TST Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TST Group Holding Ltd (TPE:4439) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 178, Section 2, Nanjing East Road, 7th Floor, Zhongshan District, Taipei, TWN, 104

Website

https://www.tstco.com.hk

TST Group Holding Ltd is engaged in manufacturing, and trading of cotton fabric in the textile industry. The company's products are raw materials such as greige and colored fabrics for the midstream and upstream of the textile industry. The company's geographical segment includes China, Singapore, Taiwan, Hong Kong, Thailand, Korea, Cambodia, Vietnam, and others. The company derives a majority of its revenue from Taiwan.

TST Group Holding Headlines

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