Saigon - Hanoi Securities JSC (HSTC:SHS) ROCE % : 3.19% (As of Sep. 2024)

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What is Saigon - Hanoi Securities 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. Saigon - Hanoi Securities JSC's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.19%.

Saigon - Hanoi Securities JSC ROCE % Historical Data

The historical data trend for Saigon - Hanoi Securities 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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Saigon - Hanoi Securities JSC ROCE % Chart

Saigon - Hanoi Securities JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.22

33.91

35.57

4.44

7.48

Saigon - Hanoi Securities 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															10.18	8.87	17.26	16.39	3.19

Saigon - Hanoi Securities JSC ROCE % Calculation

Saigon - Hanoi Securities 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 )
	=	742915.967	/	( ( (10899625.767 - 1364948.808)	+	(11457207.54 - 1120505.211) )	/ 2 )
	=	742915.967	/	( (9534676.959	+	10336702.329)	/ 2 )
	=	742915.967	/	9935689.644
	=	7.48 %

Saigon - Hanoi Securities 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 )
	=	354674.224	/	( ( (12262285.275 - 1152864.076)	+	(12918980.616 - 1818798.437) )	/ 2 )
	=	354674.224	/	( ( 11109421.199	+	11100182.179 )	/ 2 )
	=	354674.224	/	11104801.689
	=	3.19 %

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

Saigon - Hanoi Securities JSC (HSTC:SHS) 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.

Saigon - Hanoi Securities JSC ROCE % Related Terms

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Saigon - Hanoi Securities JSC Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Saigon - Hanoi Securities JSC (HSTC:SHS) » Definitions » ROCE %

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N/A

Address

Dao Duy Anh Building, 1st Floor, Dong Da, Hanoi, VNM

Website

http://www.shs.com.vn

Saigon - Hanoi Securities JSC is engaged in the trading of securities and the offering of investment services.

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