Forest Products Export of Quang Nam JSC (HSTC:FRC) ROCE % : 3.53% (As of Dec. 2023)

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What is Forest Products Export of Quang Nam 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. Forest Products Export of Quang Nam JSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.53%.

Forest Products Export of Quang Nam JSC ROCE % Historical Data

The historical data trend for Forest Products Export of Quang Nam 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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Forest Products Export of Quang Nam JSC ROCE % Chart

Forest Products Export of Quang Nam JSC Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.42

35.64

38.39

22.00

3.53

Forest Products Export of Quang Nam JSC Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			31.42	35.64	38.39	22.00	3.53

Forest Products Export of Quang Nam JSC ROCE % Calculation

Forest Products Export of Quang Nam 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 )
	=	5238.23	/	( ( (304924.961 - 156661.698)	+	(223138.722 - 74905.393) )	/ 2 )
	=	5238.23	/	( (148263.263	+	148233.329)	/ 2 )
	=	5238.23	/	148248.296
	=	3.53 %

Forest Products Export of Quang Nam JSC's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	5238.23	/	( ( (304924.961 - 156661.698)	+	(223138.722 - 74905.393) )	/ 2 )
	=	5238.23	/	( ( 148263.263	+	148233.329 )	/ 2 )
	=	5238.23	/	148248.296
	=	3.53 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Forest Products Export of Quang Nam JSC (HSTC:FRC) 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.

Forest Products Export of Quang Nam JSC ROCE % Related Terms

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Forest Products Export of Quang Nam JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Forest Products Export of Quang Nam JSC (HSTC:FRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

210 Tran Hung Dao Street, Dien Ngoc Ward, Dien Ban Town, Quang Nam, VNM

Website

https://www.forexco.com.vn

Forest Products Export of Quang Nam JSC specializing in manufacturing outdoor and indoor furniture in Vietnam. Its products include Bench with central table; Folding Armchair; Position Chair; Bar Chair and Other.

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