Petrovietnam Construction (HSTC:PVX) ROCE % : -15.23% (As of Mar. 2024)

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What is Petrovietnam Construction 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. Petrovietnam Construction's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.23%.

Petrovietnam Construction ROCE % Historical Data

The historical data trend for Petrovietnam Construction'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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Petrovietnam Construction ROCE % Chart

Petrovietnam Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.91

-9.08

7.45

4.11

-26.71

Petrovietnam Construction 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															-18.78	-14.37	-30.07	-47.97	-15.23

Petrovietnam Construction ROCE % Calculation

Petrovietnam Construction'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 )
	=	-226008.609	/	( ( (6685966.661 - 5704234.711)	+	(6213629.27 - 5503169.046) )	/ 2 )
	=	-226008.609	/	( (981731.95	+	710460.224)	/ 2 )
	=	-226008.609	/	846096.087
	=	-26.71 %

Petrovietnam Construction'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 )
	=	-105582.472	/	( ( (6213629.27 - 5503169.046)	+	(6225242.901 - 5549565.368) )	/ 2 )
	=	-105582.472	/	( ( 710460.224	+	675677.533 )	/ 2 )
	=	-105582.472	/	693068.8785
	=	-15.23 %

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

Petrovietnam Construction (HSTC:PVX) 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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Petrovietnam Construction (HSTC:PVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Petrovietnam Construction Corp (HSTC:PVX) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Pham Hung Street, CEO Building, Lot HH2, New Urban Me Tri Ha, Tu Liem, Hanoi, VNM

Website

http://www.pvc.vn

Petrovietnam Construction Corp is a Vietnam based construction company. It is engaged in the construction of power plants, refineries, transport and storage facilities, civil projects such as plazas, business centers, and hotels. The company's business lines include Petroleum-specialized construction and installation, Industrial Construction, Civil Construction, and Industrial production.

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