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Minh Hai Export Frozen Seafood Processing JSC (HSTC:JOS) ROC % : 0.00% (As of . 20)


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What is Minh Hai Export Frozen Seafood Processing JSC 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 %. Minh Hai Export Frozen Seafood Processing JSC's annualized return on capital (ROC %) for the quarter that ended in . 20 was 0.00%.

As of today (2025-03-25), Minh Hai Export Frozen Seafood Processing JSC's WACC % is 0.00%. Minh Hai Export Frozen Seafood Processing JSC's ROC % is 0.00% (calculated using TTM income statement data). Minh Hai Export Frozen Seafood Processing JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Minh Hai Export Frozen Seafood Processing JSC ROC % Historical Data

The historical data trend for Minh Hai Export Frozen Seafood Processing JSC'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.

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Minh Hai Export Frozen Seafood Processing JSC ROC % Chart

Minh Hai Export Frozen Seafood Processing JSC Annual Data
Trend
ROC %

Minh Hai Export Frozen Seafood Processing JSC Semi-Annual Data
ROC %

Minh Hai Export Frozen Seafood Processing JSC ROC % Calculation

Minh Hai Export Frozen Seafood Processing JSC's annualized Return on Capital (ROC %) for the fiscal year that ended in . 20 is calculated as:

ROC % (A: . 20 )
=NOPAT/Average Invested Capital
=Operating Income * ( 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 - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Invested Capital(A: . 20 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Minh Hai Export Frozen Seafood Processing JSC's annualized Return on Capital (ROC %) for the quarter that ended in . 20 is calculated as:

ROC % (Q: . 20 )
=NOPAT/Average Invested Capital
=Operating Income * ( 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 - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

Invested Capital(Q: . 20 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
= - - ( - max(0, - +))
=

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

* 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.

Minh Hai Export Frozen Seafood Processing JSC  (HSTC:JOS) 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, Minh Hai Export Frozen Seafood Processing JSC's WACC % is 0.00%. Minh Hai Export Frozen Seafood Processing JSC's ROC % is 0.00% (calculated using TTM income statement data). Minh Hai Export Frozen Seafood Processing JSC 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.

Minh Hai Export Frozen Seafood Processing JSC ROC % Related Terms

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Minh Hai Export Frozen Seafood Processing JSC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minh Hai Export Frozen Seafood Processing JSC (HSTC:JOS) » Definitions » ROC %
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Traded in Other Exchanges
N/A
Address
N 09, Cao Thang Street, Ward 8, Ca Mau, VNM
Website
http://www.jostoco.com
Minh Hai Export Frozen Seafood Processing JSC is a shrimp processing company. Some of its products include Butterfly Black Tiger Shrimp, Hlso Black Tiger Shrimp, Cooked PDTO Black Tiger Shrimp, and PD Vannamei Shrimp. The company's markets include Korea, USA, EU, Japan, Singapore, Taiwan, Australia.

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