Quang Ninh Thermal power JSC (HSTC:QTP) ROCE % : 6.44% (As of Sep. 2024)

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What is Quang Ninh Thermal power 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. Quang Ninh Thermal power JSC's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.44%.

Quang Ninh Thermal power JSC ROCE % Historical Data

The historical data trend for Quang Ninh Thermal power 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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Quang Ninh Thermal power JSC ROCE % Chart

Quang Ninh Thermal power JSC Annual Data

Trend

Dec22

Dec23

ROCE %

12.73

Quang Ninh Thermal power JSC Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						1.79	16.28	18.57	13.18	6.44

Quang Ninh Thermal power JSC ROCE % Calculation

Quang Ninh Thermal power 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 )
	=	701876.472	/	( ( (0 - 0)	+	(7379930.191 - 1864719.018) )	/ 1 )
	=	701876.472	/	( (0	+	5515211.173)	/ 1 )
	=	701876.472	/	5515211.173
	=	12.73 %

Quang Ninh Thermal power 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 )
	=	359023.64	/	( ( (7246518.859 - 1590694.144)	+	(7253763.317 - 1755623.503) )	/ 2 )
	=	359023.64	/	( ( 5655824.715	+	5498139.814 )	/ 2 )
	=	359023.64	/	5576982.2645
	=	6.44 %

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

Quang Ninh Thermal power JSC (HSTC:QTP) 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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Quang Ninh Thermal power JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Quang Ninh Thermal power JSC (HSTC:QTP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Group 33 Area 5, Ha Khanh Ward, Quang Ninh Province, Ha Long City, VNM

Website

http://www.quangninhtpc.com.vn

Quang Ninh Thermal power JSC is engaged in the generation, transmission, and distribution of electricity.

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