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Joint Stock Commercial Bank for Foreign Trade of Vietnam (STC:VCB) Return-on-Tangible-Equity : 18.69% (As of Sep. 2024)


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What is Joint Stock Commercial Bank for Foreign Trade of Vietnam Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Joint Stock Commercial Bank for Foreign Trade of Vietnam's annualized net income for the quarter that ended in Sep. 2024 was ₫34,266,392 Mil. Joint Stock Commercial Bank for Foreign Trade of Vietnam's average shareholder tangible equity for the quarter that ended in Sep. 2024 was ₫183,338,963 Mil. Therefore, Joint Stock Commercial Bank for Foreign Trade of Vietnam's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 18.69%.

The historical rank and industry rank for Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity or its related term are showing as below:

STC:VCB' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.06   Med: 22.06   Max: 26.8
Current: 20.21

During the past 13 years, Joint Stock Commercial Bank for Foreign Trade of Vietnam's highest Return-on-Tangible-Equity was 26.80%. The lowest was 11.06%. And the median was 22.06%.

STC:VCB's Return-on-Tangible-Equity is ranked better than
88.49% of 1529 companies
in the Banks industry
Industry Median: 10.3 vs STC:VCB: 20.21

Joint Stock Commercial Bank for Foreign Trade of Vietnam Return-on-Tangible-Equity Historical Data

The historical data trend for Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity 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.

* Premium members only.

Joint Stock Commercial Bank for Foreign Trade of Vietnam Return-on-Tangible-Equity Chart

Joint Stock Commercial Bank for Foreign Trade of Vietnam Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.80 21.77 22.34 25.04 22.39

Joint Stock Commercial Bank for Foreign Trade of Vietnam Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.02 23.47 20.59 18.56 18.69

Competitive Comparison of Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Joint Stock Commercial Bank for Foreign Trade of Vietnam's Return-on-Tangible-Equity falls into.



Joint Stock Commercial Bank for Foreign Trade of Vietnam Return-on-Tangible-Equity Calculation

Joint Stock Commercial Bank for Foreign Trade of Vietnam's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=33033203/( (132742385+162326107 )/ 2 )
=33033203/147534246
=22.39 %

Joint Stock Commercial Bank for Foreign Trade of Vietnam's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=34266392/( (179051337+187626588)/ 2 )
=34266392/183338962.5
=18.69 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Joint Stock Commercial Bank for Foreign Trade of Vietnam  (STC:VCB) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Joint Stock Commercial Bank for Foreign Trade of Vietnam Return-on-Tangible-Equity Related Terms

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Joint Stock Commercial Bank for Foreign Trade of Vietnam Business Description

Traded in Other Exchanges
N/A
Address
No. 198 Tran Quang Khai Street, Hoan Kiem District, Ha Noi, VNM
Joint Stock Commercial Bank for Foreign Trade of Vietnam is engaged in the provision of banking products and services. The company's operating segment includes Banking financial services; Non-banking financial services; Securities and Others. It generates maximum revenue from the Banking financial services segment. Its geographical segment includes the North; the Middle and Central Highland; the South and Overseas of which the North segment derives a majority of revenue to the company. The company services include Personal loans, Electronic banking, Savings and Investment, Card, Payment and currency management, Commercial finance, Foreign exchange and capital markets, factoring and others.

Joint Stock Commercial Bank for Foreign Trade of Vietnam Headlines

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