Sao Ta Foods JSC (STC:FMC) ROCE % : 10.84% (As of Mar. 2024)

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What is Sao Ta Foods 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. Sao Ta Foods JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.84%.

Sao Ta Foods JSC ROCE % Historical Data

The historical data trend for Sao Ta Foods 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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Sao Ta Foods JSC ROCE % Chart

Sao Ta Foods JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.71

24.55

19.71

16.81

15.23

Sao Ta Foods 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															10.07	16.00	18.70	17.56	10.84

Sao Ta Foods JSC ROCE % Calculation

Sao Ta Foods 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 )
	=	332811.13	/	( ( (2988806.967 - 862554.104)	+	(3356184.077 - 1111721.605) )	/ 2 )
	=	332811.13	/	( (2126252.863	+	2244462.472)	/ 2 )
	=	332811.13	/	2185357.6675
	=	15.23 %

Sao Ta Foods 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 )
	=	246292.532	/	( ( (3356184.077 - 1111721.605)	+	(3503169.558 - 1201425.238) )	/ 2 )
	=	246292.532	/	( ( 2244462.472	+	2301744.32 )	/ 2 )
	=	246292.532	/	2273103.396
	=	10.84 %

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

Sao Ta Foods JSC (STC:FMC) 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.

Sao Ta Foods JSC ROCE % Related Terms

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Sao Ta Foods JSC (STC:FMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sao Ta Foods JSC (STC:FMC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Km 2132 National Highway 1A, Ward 2, Soc Trang town, Soc Trang, VNM

Website

https://www.fimexvn.com

Sao Ta Foods JSC is engaged in processing and exporting frozen shrimps. It offers raw, cooked, and breaded shrimps; nobashi vannamei and black tiger shrimp products; and frozen vegetables to restaurant and distribution chains.