Hey-Song

Hey-Song ROCE

The Return on Capital Employed (ROCE) of Hey-Song (1234.TW) as of Nov 12, 2026 is 2.21 %. In the previous year, Return on Capital Employed (ROCE) was 3.69 % — a change of -40.09% (lower).

ROCE

2.21 %

YoY

-40.09%

Last updated:

In 2025, Hey-Song's return on capital employed (ROCE) was 2.21 %, a -40.09% increase from the 3.69 % ROCE in the previous year.

The Hey-Song ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2018
1.38 TWD
Jan 1, 2019
5.50 TWD
Jan 1, 2020
5.79 TWD
Jan 1, 2021
5.56 TWD
Jan 1, 2022
6.03 TWD
Jan 1, 2023
3.85 TWD
Jan 1, 2024
3.69 TWD
Jan 1, 2025
2.21 TWD
The Hey-Song ROCE history
YEARROCEYoY
2.21 %-40.09%
3.69 %-4.28%
3.85 %-36.13%
6.03 %+8.36%
5.56 %-3.96%
5.79 %+5.25%
5.50 %+299.74%
1.38 %+29.32%
1.06 %+26.65%
0.84 %+84.75%
0.46 %-709.39%
-0.07 %—

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Hey-Song Stock analysis

What does Hey-Song do? Hey-Song Corp is a Taiwanese company that was founded in 1919 by Mr. Hey and Mr. Song in Tainan. At that time, Hey-Song Corp was established as a small brewery under the name "The Taiwan Beer Brewery" and specialized in the production of beer. However, in 1930, the company was closed down by the Japanese imperialists and the production of beer was halted. After the end of World War II, in 1946, Hey-Song Corp was revived. However, at this time, the focus of the company shifted from beer to non-alcoholic beverages. Hey-Song Corp began producing ginger ale and quickly gained an excellent reputation and a growing customer base. The company soon established itself as one of the leading manufacturers of sodas, mineral water, and other non-alcoholic beverages in Taiwan. Today, Hey-Song Corp has several business divisions. One of the business divisions is the production of refreshment drinks such as sodas, mineral water, energy drinks, teas, and fruit juices. These drinks are produced and distributed under different brand names such as HeySong, Sarsaparilla, Sangaria, and Calpis. The HeySong sodas include varieties such as the original HeySong soda, tonic water, ginger ale, and sarsaparilla soda, as well as a wide range of fruit juices including grapefruit, pineapple, and lychee. These drinks are available not only in Taiwan but also in other countries such as China, the USA, Canada, Australia, and Europe. Another important business division of Hey-Song Corp is the production of instant teas. These teas are offered under the brand "Ten Ren Tea" and are one of Taiwan's most well-known tea brands. The tea varieties range from traditional green teas to oolong and black teas, as well as special blends such as chrysanthemum tea and winter melon tea. The tea products are available in tea bags and also in resealable plastic bottles. Some of the tea varieties are also served in selected restaurants and hotels. In addition to refreshment drinks and instant teas, Hey-Song Corp is also active in food production. The company has launched a wide range of products including frozen foods such as vegetable and spring rolls, dim sum, gyoza, and other Asian snacks. Many of these products are sold under the brand "Ten Ren Foods." All products are intended to meet the highest quality standards. Hey-Song Corp has also invested in other industries in the past. For example, the company had its own bank, brewery, and even an airline, but these business divisions were later sold off, and the company focused on its core businesses. Over the years, Hey-Song Corp has built a strong brand and is now one of Taiwan's most successful and well-known brands. The company is owned by the Chen family and is currently led by Richard Chen, the founder's grandson. Hey-Song Corp is also committed to social responsibility, supporting charitable projects and engaging in environmental conservation. The company has managed to maintain a long tradition while being innovative in the field of beverages and food. Hey-Song is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling Hey-Song's Return on Capital Employed (ROCE)

Hey-Song's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Hey-Song's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Hey-Song's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Hey-Song’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Hey-Song stock

Return on Capital Employed (ROCE) of Hey-Song is 2.21 % in 2025.

Return on Capital Employed (ROCE) of Hey-Song changed from 3.69 % to 2.21 %, representing a -40.09% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) Hey-Song since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s Hey-Song with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — Hey-Song

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