Sun Race Sturmey-Archer (TPE:1526) ROCE % : 0.57% (As of Mar. 2024)

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What is Sun Race Sturmey-Archer 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. Sun Race Sturmey-Archer's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.57%.

Sun Race Sturmey-Archer ROCE % Historical Data

The historical data trend for Sun Race Sturmey-Archer'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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Sun Race Sturmey-Archer ROCE % Chart

Sun Race Sturmey-Archer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.01

18.70

24.20

30.15

4.01

Sun Race Sturmey-Archer 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															13.34	9.28	1.82	-5.71	0.57

Sun Race Sturmey-Archer ROCE % Calculation

Sun Race Sturmey-Archer'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 )
	=	81.469	/	( ( (2904.399 - 1123.042)	+	(2673.082 - 394) )	/ 2 )
	=	81.469	/	( (1781.357	+	2279.082)	/ 2 )
	=	81.469	/	2030.2195
	=	4.01 %

Sun Race Sturmey-Archer'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 )
	=	12.708	/	( ( (2673.082 - 394)	+	(2647.586 - 437.736) )	/ 2 )
	=	12.708	/	( ( 2279.082	+	2209.85 )	/ 2 )
	=	12.708	/	2244.466
	=	0.57 %

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

Sun Race Sturmey-Archer (TPE:1526) 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.

Sun Race Sturmey-Archer ROCE % Related Terms

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Sun Race Sturmey-Archer (TPE:1526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sun Race Sturmey-Archer Inc (TPE:1526) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.51, Haishan Central Street, Luzhu District, Taoyuan City, TWN, 33856

Website

https://www.sunrace.com

Sun Race Sturmey-Archer Inc manufactures and sells bicycle transmission systems. The company offers derailleurs, shifters, hubs, chains, and cranks, among others. It also manufactures and markets other bicycle spare parts and relevant products. The group's reportable segments are the Domestic department; engaged in the production of high-end bicycle parts. This segment generates the majority of the revenue. The foreign department is engaged in the production of low-end bicycle parts.

Sun Race Sturmey-Archer (TPE:1526) Headlines

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