Hsin Kao Gas Co (TPE:9931) ROCE %: 7.46% (As of Dec. 2025)


TPE:9931 Hsin Kao Gas Co Ltd TPE:9931
82 GF Score
Price NT$34.80
GF Value NT$37.60
Valuation Fairly Valued
! 4 Warning Signs
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What is Hsin Kao Gas Co ROCE %?

Hsin Kao Gas Co TPE:9931 +0.14% 82 ROCE % is 7.46% as of Dec. 2025. GuruFocus rates TPE:9931 with a GF Score™ of 82/100 and a GF Value™ of NT$37.60 (Fairly Valued). The stock has 4 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. Hsin Kao Gas Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 7.46%.

Hsin Kao Gas Co  (TPE:9931) 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 Kao Gas Co ROCE % Related Terms

Hsin Kao Gas Co ROCE % Historical Data

* Premium members only.

The historical data trend for Hsin Kao Gas 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.

Hsin Kao Gas Co ROCE % Chart

Hsin Kao Gas 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 8.66 6.23 6.00 10.83 8.58

Hsin Kao Gas 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 11.82 11.03 5.85 10.63 7.46
TPE:9931
82GF Score
Hsin Kao Gas Co Ltd TPE:9931
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hsin Kao Gas Co ROCE % Calculation

Hsin Kao Gas 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 )
=373.044/( ( (6289.671 - 2072.766) + (6706.935 - 2226.043) )/ 2 )
=373.044/( (4216.905+4480.892)/ 2 )
=373.044/4348.8985
=8.58 %

Hsin Kao Gas 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 )
=326.84/( ( (6494.225 - 2210.829) + (6706.935 - 2226.043) )/ 2 )
=326.84/( ( 4283.396 + 4480.892 )/ 2 )
=326.84/4382.144
=7.46 %

(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 7.46% mean?
Hsin Kao Gas Co (TPE:9931) has a ROCE % of 7.46% as of Dec. 2025.
Is Hsin Kao Gas Co's ROCE % too high?
Hsin Kao Gas Co's current ROCE % is 7.46%. The Utilities - Regulated industry median ROCE % is 6.91. Hsin Kao Gas Co's value of 7.46% is 8% above this industry median. Overall, Hsin Kao Gas Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kao Gas Co's ROCE % compare to ATO and NI?
Hsin Kao Gas Co's ROCE % of 7.46% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.91. Hsin Kao Gas Co's value of 7.46% is 8% 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 an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.91, based on 504 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. Hsin Kao Gas Co's current ROCE % of 7.46% is 8% 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 Utilities - Regulated industry, the median ROCE % is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin Kao Gas Co's current ROCE % is 7.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin Kao Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hsin Kao Gas Co (TPE:9931) is currently considered Fairly Valued. The stock's GF Value™ is NT$37.60, compared to a current price of NT$34.80 — trading 7.4% below its estimated fair value. The current ROCE % is 7.46% and 8% above the Utilities - Regulated industry median of 6.91. Hsin Kao Gas Co's overall GF Score™ is 82/100 with 4 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 Hsin Kao Gas Co (TPE:9931), the current ROCE % is 7.46% 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 Hsin Kao Gas Co (TPE:9931) Overvalued in 2026?

Based on GuruFocus' analysis, Hsin Kao Gas Co stock appears to be undervalued. The current stock price of NT$34.80 is trading 7.4% below its estimated GF Value™ of NT$37.60. GuruFocus considers Hsin Kao Gas Co to be Fairly Valued.

Key valuation signals for TPE:9931:

  • ROCE %: 7.46%
  • GF Value™: NT$37.60 vs. price of NT$34.80 (7.4% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 8% above the Utilities - Regulated median

No single metric tells the full story. See the TPE:9931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hsin Kao Gas Co Business Description

Address No.12, Minquan 1st Road, Lingya District, Kaohsiung, TWN, 802037
Hsin Kao Gas Co Ltd is a Taiwan-based company mainly engaged in the sale of natural gas and the installation of gas pipelines. The Company sells natural gas and transports the natural gas imported by CPC Corp Taiwan to residential and commercial users in the operating area through gas pipelines for use as fuel. The business scope mainly targets industrial, commercial and general household users in the nine administrative districts of Kaohsiung City, including Sanmin, Qianjin, Xinxing, Lingya, Qianzhen, Gushan, Zuoying, Nanzi and Yancheng.
82GF Score

Get the complete analysis for TPE:9931

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

NT$34.80
Price
NT$37.60
GF Value