Hu Lane Associate (ROCO:6279) ROCE % : 21.09% (As of Mar. 2024)

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What is Hu Lane Associate 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. Hu Lane Associate's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.09%.

Hu Lane Associate ROCE % Historical Data

The historical data trend for Hu Lane Associate'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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Hu Lane Associate ROCE % Chart

Hu Lane Associate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.02

14.90

19.31

22.92

18.10

Hu Lane Associate 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															19.01	10.16	20.86	20.98	21.09

Hu Lane Associate ROCE % Calculation

Hu Lane Associate'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 )
	=	1265.181	/	( ( (10972.206 - 4885.811)	+	(11587.913 - 3690.767) )	/ 2 )
	=	1265.181	/	( (6086.395	+	7897.146)	/ 2 )
	=	1265.181	/	6991.7705
	=	18.10 %

Hu Lane Associate'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 )
	=	1710.944	/	( ( (11587.913 - 3690.767)	+	(12035.579 - 3705.274) )	/ 2 )
	=	1710.944	/	( ( 7897.146	+	8330.305 )	/ 2 )
	=	1710.944	/	8113.7255
	=	21.09 %

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

Hu Lane Associate (ROCO:6279) 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.

Hu Lane Associate ROCE % Related Terms

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Hu Lane Associate (ROCO:6279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hu Lane Associate Inc (ROCO:6279) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Lane. 342, Fude 1st Road, Xizhi District, New Taipei City, TWN, 221010

Website

https://www.hulane.com.tw

Hu Lane Associate Inc is a Taiwan based company principally engaged in production and sales of terminal products of the cars and motorcycles. The company offers connectors for automobile, motorbike, electric vehicle, extended fields, specific application purpose, rubber seal, fasten accessories and other connectors. Some of the connectors produced are an automotive connector, manufactured housing, terminal connector, and wiring harness connector. The group also sells mold applicator parts and plastic accessory products. The operations of the company are carried in Taiwan and internationally.

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