TOPBI International Holdings (TPE:2929) ROCE % : -1.36% (As of Mar. 2024)

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What is TOPBI International Holdings 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. TOPBI International Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.36%.

TOPBI International Holdings ROCE % Historical Data

The historical data trend for TOPBI International Holdings'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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TOPBI International Holdings ROCE % Chart

TOPBI International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.27

-46.77

-19.39

5.32

-0.61

TOPBI International Holdings 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															-0.17	-2.84	-1.40	1.97	-1.36

TOPBI International Holdings ROCE % Calculation

TOPBI International Holdings'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 )
	=	-19.303	/	( ( (4378.77 - 1158.038)	+	(4068.902 - 971.717) )	/ 2 )
	=	-19.303	/	( (3220.732	+	3097.185)	/ 2 )
	=	-19.303	/	3158.9585
	=	-0.61 %

TOPBI International Holdings'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 )
	=	-42.304	/	( ( (4068.902 - 971.717)	+	(3681.989 - 537.653) )	/ 2 )
	=	-42.304	/	( ( 3097.185	+	3144.336 )	/ 2 )
	=	-42.304	/	3120.7605
	=	-1.36 %

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

TOPBI International Holdings (TPE:2929) 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.

TOPBI International Holdings ROCE % Related Terms

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TOPBI International Holdings (TPE:2929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TOPBI International Holdings Ltd (TPE:2929) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.97, Xinhu 1st Road, 2nd Floor, Neihu District, Taipei, TWN, 11494

Website

https://www.topbi.com.tw

TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.

TOPBI International Holdings (TPE:2929) Headlines

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