San Shing Fastech (TPE:5007) ROCE % : 13.82% (As of Dec. 2024)

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What is San Shing Fastech 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. San Shing Fastech's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.82%.

San Shing Fastech ROCE % Historical Data

The historical data trend for San Shing Fastech'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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San Shing Fastech ROCE % Chart

San Shing Fastech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.02

17.89

18.73

16.99

17.34

San Shing Fastech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															16.38	20.24	21.31	16.89	13.82

San Shing Fastech ROCE % Calculation

San Shing Fastech'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 )
	=	1340.782	/	( ( (8782.989 - 1143.099)	+	(8852.431 - 1030.792) )	/ 2 )
	=	1340.782	/	( (7639.89	+	7821.639)	/ 2 )
	=	1340.782	/	7730.7645
	=	17.34 %

San Shing Fastech's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1070.468	/	( ( (8621.012 - 947.474)	+	(8852.431 - 1030.792) )	/ 2 )
	=	1070.468	/	( ( 7673.538	+	7821.639 )	/ 2 )
	=	1070.468	/	7747.5885
	=	13.82 %

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

San Shing Fastech (TPE:5007) 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.

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San Shing Fastech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » San Shing Fastech Corp (TPE:5007) » Definitions » ROCE %

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Address

No. 355-6, Zhongshan Road, 1st Floor, Section 3, Guiren District, Tainan, TWN

Website

https://www.sanshing.com.tw

San Shing Fastech Corp is a Taiwanese manufacturer of steel nuts and bolts. It also produces washers, screws, wire processing, machineries, dies, and vehicle fasteners for automobiles. The company's reportable segments are; the Fastener segment which focuses on the manufacturing and marketing of bolts, nuts, and washers, processing of wires, and heat treatment; the Machine / Tooling segment focuses on the manufacturing and marketing of toolings and machines; and the Other Operation segment focuses on the marketing of wires, investments, and other financial income and expenditure, etc. The majority of the company's revenue is generated from its Fastener segment. Geographically, key revenue for the firm is derived from the USA followed by Germany, Taiwan, and other regions.

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