Feng Tay Enterprises Co (TPE:9910) ROCE % : 23.00% (As of Dec. 2023)

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What is Feng Tay Enterprises 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. Feng Tay Enterprises Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.00%.

Feng Tay Enterprises Co ROCE % Historical Data

The historical data trend for Feng Tay Enterprises 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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Feng Tay Enterprises Co ROCE % Chart

Feng Tay Enterprises Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.36

28.75

24.51

40.15

19.60

Feng Tay Enterprises Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															27.91	10.07	20.84	29.09	23.00

Feng Tay Enterprises Co ROCE % Calculation

Feng Tay Enterprises 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 )
	=	7333.199	/	( ( (51310.367 - 13498.835)	+	(50646.923 - 13616.533) )	/ 2 )
	=	7333.199	/	( (37811.532	+	37030.39)	/ 2 )
	=	7333.199	/	37420.961
	=	19.60 %

Feng Tay Enterprises Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	8339.004	/	( ( (52308.091 - 16812.895)	+	(50646.923 - 13616.533) )	/ 2 )
	=	8339.004	/	( ( 35495.196	+	37030.39 )	/ 2 )
	=	8339.004	/	36262.793
	=	23.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Feng Tay Enterprises Co (TPE:9910) 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.

Feng Tay Enterprises Co ROCE % Related Terms

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Feng Tay Enterprises Co (TPE:9910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Feng Tay Enterprises Co Ltd (TPE:9910) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 52 Kegong 8th Road, Douliou, Yunlin, TWN, 640111

Website

https://www.fengtay.com

Feng Tay Enterprises Co Ltd is a manufacturer specialized in athletic shoes. Other business activities include developing and producing casual shoes, inline skates, ice skates, ski boots, cycling shoes, golf balls, soccer balls, backpack and handbags, ice hockey helmets and sticks, footwear accessories, as well as shoe molds and tools. The operating segments includes footwear manufacturing and sales and others segment, the geographical presence of business is in Singapore, America, Vietnam, Switzerland, Mainland China, Mexico, India, Italy and Other countries out of which the company generates majority of its revenue from Singapore.

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