Agriculture Bank Insurance JSC (ABIC) (HSTC:ABI) ROC % : 0.00% (As of . 20)

View and export this data going back to 2009. Start your Free Trial

What is Agriculture Bank Insurance JSC (ABIC) ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Agriculture Bank Insurance JSC (ABIC)'s annualized return on capital (ROC %) for the quarter that ended in . 20 was 0.00%.

As of today (2024-12-14), Agriculture Bank Insurance JSC (ABIC)'s WACC % is 0.00%. Agriculture Bank Insurance JSC (ABIC)'s ROC % is 0.00% (calculated using TTM income statement data). Agriculture Bank Insurance JSC (ABIC) earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Agriculture Bank Insurance JSC (ABIC) ROC % Historical Data

The historical data trend for Agriculture Bank Insurance JSC (ABIC)'s ROC % 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.

Agriculture Bank Insurance JSC (ABIC) ROC % Chart

Agriculture Bank Insurance JSC (ABIC) Annual Data

Trend

ROC %

Agriculture Bank Insurance JSC (ABIC) Semi-Annual Data

ROC %

Agriculture Bank Insurance JSC (ABIC) ROC % Calculation

Agriculture Bank Insurance JSC (ABIC)'s annualized Return on Capital (ROC %) for the fiscal year that ended in . 20 is calculated as:

	ROC % (A: . 20 )
=	NOPAT	/	Average Invested Capital
=	EBIT * ( 1 - Tax Rate % )	/	( (Invested Capital (A: . 20 )	+	Invested Capital (A: . 20 ))	/ count )
=	* ( 1 - % )	/	( (	+	)	/ )
=		/
=	%

where

	Invested Capital		(A: . 20 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=		-		-	(	-	5% * )
=

	Invested Capital		(A: . 20 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=		-		-	(	-	5% * )
=

Agriculture Bank Insurance JSC (ABIC)'s annualized Return on Capital (ROC %) for the quarter that ended in . 20 is calculated as:

	ROC % (Q: . 20 )
=	NOPAT	/	Average Invested Capital
=	EBIT * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: . 20 )	+	Invested Capital (Q: . 20 ))	/ count )
=	* ( 1 - % )	/	( (	+	)	/ )
=		/
=	%

where

	Invested Capital		(Q: . 20 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=		-		-	(	-	5% * )
=

	Invested Capital		(Q: . 20 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=		-		-	(	-	5% * )
=

Note: The EBIT data used here is one times the annual (. 20) data.

Agriculture Bank Insurance JSC (ABIC) (HSTC:ABI) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Agriculture Bank Insurance JSC (ABIC)'s WACC % is 0.00%. Agriculture Bank Insurance JSC (ABIC)'s ROC % is 0.00% (calculated using TTM income statement data). Agriculture Bank Insurance JSC (ABIC) earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Agriculture Bank Insurance JSC (ABIC) ROC % Related Terms

Thank you for viewing the detailed overview of Agriculture Bank Insurance JSC (ABIC)'s ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Agriculture Bank Insurance JSC (ABIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Agriculture Bank Insurance JSC (ABIC) (HSTC:ABI) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6th floor - Building 29T1, Hoang Dao Thuy, Cau Giay, Hanoi, VNM

Website

https://home.abic.com.vn

Agriculture Bank Insurance JSC (ABIC) is involved in the insurance business. It provides Non-life insurance, health insurance and human accident insurance; Property insurance and damage insurance; Insurance for transported goods; Credit insurance and financial risks, business loss insurance. Its reinsurance business involves receiving and ceding reinsurance for all insurance operations.

Agriculture Bank Insurance JSC (ABIC) Headlines

From GuruFocus

Better Than Coke, Cheaper Than the S&P 500

By Hugo Roque Hugo Roque • 02-08-2019

Weekly 3-Year Low Highlights: ABI, YOKU, DAR, BPT, EFC

By Jimmy Xiao gurujx • 03-23-2015

Some Thoughts On Buy-and-Hold Investing

By Rupert Hargreaves Rupert Hargreaves • 12-20-2018