Tien Len Steel JSC (STC:TLH) ROCE % : 0.00% (As of . 20)

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What is Tien Len Steel 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. Tien Len Steel JSC's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Tien Len Steel JSC ROCE % Historical Data

The historical data trend for Tien Len Steel 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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Tien Len Steel JSC ROCE % Chart

Tien Len Steel JSC Annual Data

Trend

ROCE %

Tien Len Steel JSC Quarterly Data

ROCE %

Tien Len Steel JSC ROCE % Calculation

Tien Len Steel JSC's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Tien Len Steel JSC's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Tien Len Steel JSC (STC:TLH) 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.

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Tien Len Steel JSC (STC:TLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tien Len Steel Corp JSC (STC:TLH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. G4A, Quarter 4, Tan Hiep Ward, Bien Hoa City, Dong Nai, VNM

Website

http://www.tienlengroup.com.vn

Tien Len Steel Corp JSC is engaged in manufacturing and marketing of hot rolled shape steel and various construction steel products in Vietnam and internationally. Its product portfolio includes roll steel, steel piles, steel plates, construction steel, steel box, steel corner, beaver and LA steel.