Lam Thao Fertilizers and Chemicals JSC (HSTC:LAS) ROCE % : 19.17% (As of Mar. 2024)

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What is Lam Thao Fertilizers and Chemicals 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. Lam Thao Fertilizers and Chemicals JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.17%.

Lam Thao Fertilizers and Chemicals JSC ROCE % Historical Data

The historical data trend for Lam Thao Fertilizers and Chemicals 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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Lam Thao Fertilizers and Chemicals JSC ROCE % Chart

Lam Thao Fertilizers and Chemicals JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.02

6.16

7.70

10.49

14.92

Lam Thao Fertilizers and Chemicals JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.66	12.91	11.39	21.44	19.17

Lam Thao Fertilizers and Chemicals JSC ROCE % Calculation

Lam Thao Fertilizers and Chemicals 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 )
	=	206752.469	/	( ( (2285373.146 - 935053.984)	+	(2360489.69 - 938780.453) )	/ 2 )
	=	206752.469	/	( (1350319.162	+	1421709.237)	/ 2 )
	=	206752.469	/	1386014.1995
	=	14.92 %

Lam Thao Fertilizers and Chemicals JSC's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	277502.256	/	( ( (2360489.69 - 938780.453)	+	(2207925.898 - 733735.178) )	/ 2 )
	=	277502.256	/	( ( 1421709.237	+	1474190.72 )	/ 2 )
	=	277502.256	/	1447949.9785
	=	19.17 %

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

Lam Thao Fertilizers and Chemicals JSC (HSTC:LAS) 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.

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Lam Thao Fertilizers and Chemicals JSC (HSTC:LAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Lam Thao Fertilizers and Chemicals JSC (HSTC:LAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lam Thao town, Phu Tho Province, Lam Thao, VNM

Website

http://www.supelamthao.vn

Lam Thao Fertilizers and Chemicals JSC is a Taiwan based company engaged in manufacturing and trading of fertilizers and chemicals. The company's product categories include superphosphate, NPK-S, acid sulfuric, pour melted and other products.

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