F.I.T Group JSC (STC:FIT) ROCE % : 6.12% (As of Mar. 2024)

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What is F.I.T Group 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. F.I.T Group JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.12%.

F.I.T Group JSC ROCE % Historical Data

The historical data trend for F.I.T Group 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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F.I.T Group JSC ROCE % Chart

F.I.T Group JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.70

3.68

9.27

3.87

3.90

F.I.T Group 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															14.96	4.75	4.93	16.95	6.12

F.I.T Group JSC ROCE % Calculation

F.I.T Group 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 )
	=	235749.119	/	( ( (6997712.256 - 953671.06)	+	(7721553.529 - 1667519.169) )	/ 2 )
	=	235749.119	/	( (6044041.196	+	6054034.36)	/ 2 )
	=	235749.119	/	6049037.778
	=	3.90 %

F.I.T Group 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 )
	=	373850.884	/	( ( (7721553.529 - 1667519.169)	+	(7389224.123 - 1217386.366) )	/ 2 )
	=	373850.884	/	( ( 6054034.36	+	6171837.757 )	/ 2 )
	=	373850.884	/	6112936.0585
	=	6.12 %

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

F.I.T Group JSC (STC:FIT) 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.

F.I.T Group JSC ROCE % Related Terms

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F.I.T Group JSC (STC:FIT) Business Description

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Traded in Other Exchanges

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Address

No. 35 Le Van Luong, 5th Floor, Times Tower, HACC1 Complex, Thanh Xuan District, Hanoi, VNM

Website

https://www.fitgroup.com.vn

F.I.T Group JSC is a Vietnam based company operating in the investment advisory field and financial services. It offers advisory services such as capital mobilization and consultant service for the project, person and business; and M&A advisory service. In addition, the group is also engaged in providing real estate services, which includes appraising service, real estate repo service, management real estate service, mobilizing capital for real estate service, financial advisory service for real estate project including, rent, sell and purchase activities, and direct investment into real estate project. Through its subsidiaries, the group is also involved in the businesses of pharmaceutical, agriculture, FMCG and others.