Rangdong Light Source & Vacuum Flask JSC (STC:RAL) ROCE % : 29.62% (As of Mar. 2024)

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What is Rangdong Light Source & Vacuum Flask 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. Rangdong Light Source & Vacuum Flask JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.62%.

Rangdong Light Source & Vacuum Flask JSC ROCE % Historical Data

The historical data trend for Rangdong Light Source & Vacuum Flask 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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Rangdong Light Source & Vacuum Flask JSC ROCE % Chart

Rangdong Light Source & Vacuum Flask JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.35

50.45

45.26

33.93

25.94

Rangdong Light Source & Vacuum Flask 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															32.55	21.11	18.21	32.41	29.62

Rangdong Light Source & Vacuum Flask JSC ROCE % Calculation

Rangdong Light Source & Vacuum Flask 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 )
	=	726043.079	/	( ( (6716483.094 - 4093950.814)	+	(7751688.24 - 4776578.294) )	/ 2 )
	=	726043.079	/	( (2622532.28	+	2975109.946)	/ 2 )
	=	726043.079	/	2798821.113
	=	25.94 %

Rangdong Light Source & Vacuum Flask 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 )
	=	910202.68	/	( ( (7751688.24 - 4776578.294)	+	(8839883.758 - 5670111.933) )	/ 2 )
	=	910202.68	/	( ( 2975109.946	+	3169771.825 )	/ 2 )
	=	910202.68	/	3072440.8855
	=	29.62 %

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

Rangdong Light Source & Vacuum Flask JSC (STC:RAL) 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.

Rangdong Light Source & Vacuum Flask JSC ROCE % Related Terms

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Rangdong Light Source & Vacuum Flask JSC (STC:RAL) Business Description

Industry

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Address

87-89, Ha Dinh, Thanh Xuan Trung Ward, Thanh Xuan District, Ha Noi, VNM

Website

https://www.rangdong.com.vn

Rangdong Light Source & Vacuum Flask JSC is engaged in the manufacturing and trading of light products, electrical equipment, lighting tools, glass products and water thermos; service of science, technology and technology transfer; consulting and lighting design in civil and industrial; repairing and installing lighting equipment in civil and industrial and others.

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