GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hai Phat Investment JSC (STC:HPX) » Definitions » ROC %

Hai Phat Investment JSC (STC:HPX) ROC % : 0.00% (As of . 20)


View and export this data going back to 2018. Start your Free Trial

What is Hai Phat Investment 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 %. Hai Phat Investment JSC's annualized return on capital (ROC %) for the quarter that ended in . 20 was 0.00%.

As of today (2025-03-17), Hai Phat Investment JSC's WACC % is 0.00%. Hai Phat Investment JSC's ROC % is 0.00% (calculated using TTM income statement data). Hai Phat Investment JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Hai Phat Investment JSC ROC % Historical Data

The historical data trend for Hai Phat Investment 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.

* Premium members only.

Hai Phat Investment JSC ROC % Chart

Hai Phat Investment JSC Annual Data
Trend
ROC %

Hai Phat Investment JSC Semi-Annual Data
ROC %

Hai Phat Investment JSC ROC % Calculation

Hai Phat Investment 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, - +))
=

Hai Phat Investment 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.

Hai Phat Investment JSC  (STC:HPX) 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, Hai Phat Investment JSC's WACC % is 0.00%. Hai Phat Investment JSC's ROC % is 0.00% (calculated using TTM income statement data). Hai Phat Investment 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.

Hai Phat Investment JSC ROC % Related Terms

Thank you for viewing the detailed overview of Hai Phat Investment JSC's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hai Phat Investment JSC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hai Phat Investment JSC (STC:HPX) » Definitions » ROC %
Comparable Companies
Traded in Other Exchanges
N/A
Address
5th Floor, CT3 Building, The Pride, An Hung Industrial Zone, La Khe Ward, Ha Dong, Hanoi, VNM
Website
https://www.haiphat.com.vn
Hai Phat Investment JSC is engaged in providing real estate services. The field of activities of company include investment cooperation, trading in real estate, and build. The projects include project tan tay do urban area, and phu luong project.