Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) ROCE % : 16.55% (As of Mar. 2024)

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What is Hwa Fong Rubber (Thailand) PCL 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. Hwa Fong Rubber (Thailand) PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.55%.

Hwa Fong Rubber (Thailand) PCL ROCE % Historical Data

The historical data trend for Hwa Fong Rubber (Thailand) PCL'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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Hwa Fong Rubber (Thailand) PCL ROCE % Chart

Hwa Fong Rubber (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.50

15.71

16.23

11.91

8.17

Hwa Fong Rubber (Thailand) PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.49	9.50	13.30	6.82	16.55

Hwa Fong Rubber (Thailand) PCL ROCE % Calculation

Hwa Fong Rubber (Thailand) PCL'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 )
	=	299.061	/	( ( (4091.668 - 430.128)	+	(4105.531 - 443.865) )	/ 2 )
	=	299.061	/	( (3661.54	+	3661.666)	/ 2 )
	=	299.061	/	3661.603
	=	8.17 %

Hwa Fong Rubber (Thailand) PCL'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	603.056	/	( ( (4105.531 - 443.865)	+	(4028.452 - 400.725) )	/ 2 )
	=	603.056	/	( ( 3661.666	+	3627.727 )	/ 2 )
	=	603.056	/	3644.6965
	=	16.55 %

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

Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) 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.

Hwa Fong Rubber (Thailand) PCL ROCE % Related Terms

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Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HFT:Thailand

Address

No. 317 Moo 4, Soi 6C, Bangpoo Industrial Estate, Praksa, Muang Samut Prakan, Samut Prakarn, THA, 10280

Website

https://www.duro.co.th

Hwa Fong Rubber (Thailand) PCL is engaged in the manufacturing and distribution of tires and tubes for bicycles, motorcycles and small logistics vehicles such as trolley forklift, golf cart, and hiking cart. The company operates in two segments: Sale of goods and Investment. Geographically the business is spread across Asia, Europe, America, and others.

Hwa Fong Rubber (Thailand) PCL (BKK:HFT-R) Headlines

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