TYC Brother Industrial Co (TPE:1522) ROCE % : 21.18% (As of Mar. 2024)

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What is TYC Brother Industrial 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. TYC Brother Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.18%.

TYC Brother Industrial Co ROCE % Historical Data

The historical data trend for TYC Brother Industrial 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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TYC Brother Industrial Co ROCE % Chart

TYC Brother Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.87

3.54

2.82

8.63

10.36

TYC Brother Industrial Co 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															8.60	10.74	14.45	9.19	21.18

TYC Brother Industrial Co ROCE % Calculation

TYC Brother Industrial Co'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 )
	=	1814.75	/	( ( (26045.578 - 8283.846)	+	(25830.681 - 8568.363) )	/ 2 )
	=	1814.75	/	( (17761.732	+	17262.318)	/ 2 )
	=	1814.75	/	17512.025
	=	10.36 %

TYC Brother Industrial 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: 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 )
	=	3710.02	/	( ( (25830.681 - 8568.363)	+	(26481.962 - 8712.564) )	/ 2 )
	=	3710.02	/	( ( 17262.318	+	17769.398 )	/ 2 )
	=	3710.02	/	17515.858
	=	21.18 %

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

TYC Brother Industrial Co (TPE:1522) 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.

TYC Brother Industrial Co ROCE % Related Terms

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TYC Brother Industrial Co (TPE:1522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TYC Brother Industrial Co Ltd (TPE:1522) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72-2, Xinle Road, An-Ping Industrial District, Tainan, TWN, 70248

Website

http://www.tyc.com.tw

TYC Brother Industrial Co Ltd is a Taiwan based company engaged in the manufacturing, trading, and import and export trade business of automobiles, motorcycles, and other automobile parts and supplies Its products include automobile lamps, motorcycle lamps, automobile mirrors, air conditioning blowers, cooling fan assemblies, condensers, radars, starters, alternators, cabin air filters, and window regulators, among others.

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