Hotai Motor Co (TPE:2207) ROCE % : 23.00% (As of Dec. 2023)

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What is Hotai Motor 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. Hotai Motor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.00%.

Hotai Motor Co ROCE % Historical Data

The historical data trend for Hotai Motor 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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Hotai Motor Co ROCE % Chart

Hotai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.46

22.85

23.73

-10.11

28.01

Hotai Motor 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															-31.53	32.18	33.99	29.48	23.00

Hotai Motor Co ROCE % Calculation

Hotai Motor 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 )
	=	35239.778	/	( ( (406561.137 - 301581.096)	+	(485880.35 - 339244.897) )	/ 2 )
	=	35239.778	/	( (104980.041	+	146635.453)	/ 2 )
	=	35239.778	/	125807.747
	=	28.01 %

Hotai Motor 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 )
	=	31904.656	/	( ( (465503.398 - 334665.449)	+	(485880.35 - 339244.897) )	/ 2 )
	=	31904.656	/	( ( 130837.949	+	146635.453 )	/ 2 )
	=	31904.656	/	138736.701
	=	23.00 %

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

Hotai Motor Co (TPE:2207) 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.

Hotai Motor Co ROCE % Related Terms

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Hotai Motor Co (TPE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN

Website

https://www.hotaimotor.com.tw

Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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