Vietnam Dairy Products JSC (BKK:VNM19) ROCE % : 32.29% (As of Sep. 2024)

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What is Vietnam Dairy Products 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. Vietnam Dairy Products JSC's annualized ROCE % for the quarter that ended in Sep. 2024 was 32.29%.

Vietnam Dairy Products JSC ROCE % Historical Data

The historical data trend for Vietnam Dairy Products 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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Vietnam Dairy Products JSC ROCE % Chart

Vietnam Dairy Products JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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45.29

42.38

36.92

30.71

32.96

Vietnam Dairy Products JSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															35.16	33.65	31.07	35.91	32.29

Vietnam Dairy Products JSC ROCE % Calculation

Vietnam Dairy Products 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 )
	=	15262.335	/	( ( (65351.667 - 20634.818)	+	(71000.483 - 23101.906) )	/ 2 )
	=	15262.335	/	( (44716.849	+	47898.577)	/ 2 )
	=	15262.335	/	46307.713
	=	32.96 %

Vietnam Dairy Products JSC's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	16199.132	/	( ( (73050.136 - 20762.72)	+	(77745.177 - 29683.328) )	/ 2 )
	=	16199.132	/	( ( 52287.416	+	48061.849 )	/ 2 )
	=	16199.132	/	50174.6325
	=	32.29 %

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

Vietnam Dairy Products JSC (BKK:VNM19) 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.

Vietnam Dairy Products JSC ROCE % Related Terms

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Vietnam Dairy Products JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vietnam Dairy Products JSC (BKK:VNM19) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VNM:Vietnam

Address

No. 10, Tan Trao Street, Tan Phu Ward, District 7, Ho Chi Minh, VNM

Website

https://www.vinamilk.com.vn

Vietnam Dairy Products JSC is a Vietnam-based company engaged in providing milk and dairy products. It manufactures and distributes milk cake, soya milk, fresh milk, refreshment drinks, bottled milk, powdered milk, nutritious powder, and other products from milk. It trades processed foods, spare parts and accessories, materials, and chemical substances. The company is also involved in the manufacture, sale, and distribution of beverages, grocery and processing foods, and roasted-ground filtered and instant coffee. In addition, it is involved in trading in houses, brokerage, and leasing of real estate as well as warehousing, loading, and transportation services amongst others.

Vietnam Dairy Products JSC Headlines

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