Danang Rubber JSC (STC:DRC) ROCE % : 13.80% (As of Mar. 2024)

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What is Danang Rubber JSC 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. Danang Rubber JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.80%.

Danang Rubber JSC ROCE % Historical Data

The historical data trend for Danang Rubber JSC'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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Danang Rubber JSC ROCE % Chart

Danang Rubber JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.05

22.08

23.51

21.98

17.33

Danang Rubber JSC 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															8.65	16.77	24.96	27.08	13.80

Danang Rubber JSC ROCE % Calculation

Danang Rubber JSC'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 )
	=	328168.547	/	( ( (3417798.778 - 1506929.882)	+	(3384337.032 - 1508140.151) )	/ 2 )
	=	328168.547	/	( (1910868.896	+	1876196.881)	/ 2 )
	=	328168.547	/	1893532.8885
	=	17.33 %

Danang Rubber JSC'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 )
	=	262730.812	/	( ( (3384337.032 - 1508140.151)	+	(3395073.026 - 1464203.383) )	/ 2 )
	=	262730.812	/	( ( 1876196.881	+	1930869.643 )	/ 2 )
	=	262730.812	/	1903533.262
	=	13.80 %

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

Danang Rubber JSC (STC:DRC) 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.

Danang Rubber JSC ROCE % Related Terms

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Danang Rubber JSC (STC:DRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Danang Rubber JSC (STC:DRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Le Van Hien Street, Khue My Ward, Ngu Hanh Son District, Da Nang, VNM

Website

http://www.drc.com.vn

Danang Rubber JSC is engaged in the manufacture and sale of tire products in Vietnam. Its products include motorcycle tires, bicycle tires, truck tires, light truck tires, agricultural tires, radial tires, tubes, flaps, and technical rubber products.

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