Tien Phong Securities (STC:ORS) ROCE % : 13.77% (As of Mar. 2024)

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What is Tien Phong Securities 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. Tien Phong Securities's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.77%.

Tien Phong Securities ROCE % Historical Data

The historical data trend for Tien Phong Securities'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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Tien Phong Securities ROCE % Chart

Tien Phong Securities Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.10

13.00

14.49

10.78

12.90

Tien Phong Securities Quarterly Data
	Mar18	Dec18	Mar19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.58	14.23	14.03	8.87	13.77

Tien Phong Securities ROCE % Calculation

Tien Phong Securities'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 )
	=	699687.898	/	( ( (6706708.867 - 1398956.657)	+	(6931757.095 - 1395485.041) )	/ 2 )
	=	699687.898	/	( (5307752.21	+	5536272.054)	/ 2 )
	=	699687.898	/	5422012.132
	=	12.90 %

Tien Phong Securities'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 )
	=	836588.88	/	( ( (6931757.095 - 1395485.041)	+	(10339907.56 - 3723436.877) )	/ 2 )
	=	836588.88	/	( ( 5536272.054	+	6616470.683 )	/ 2 )
	=	836588.88	/	6076371.3685
	=	13.77 %

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

Tien Phong Securities (STC:ORS) 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.

Tien Phong Securities ROCE % Related Terms

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Tien Phong Securities (STC:ORS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tien Phong Securities Corp (STC:ORS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75-77 Nguyen Thai Binh street, District 1, Ho Chi Minh, VNM

Website

https://tpbs.com.vn

Tien Phong Securities Corp is a Vietnam-based provider of investment services. It is engaged in the provision of financial advisory, brokerage services for individual and institutional clients. The Company is also involved in securities dealing.

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