Tan Cang Offshore Services JSC (HSTC:TOS) ROCE % : 0.00% (As of . 20)

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What is Tan Cang Offshore Services 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. Tan Cang Offshore Services JSC's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Tan Cang Offshore Services JSC ROCE % Historical Data

The historical data trend for Tan Cang Offshore Services 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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Tan Cang Offshore Services JSC ROCE % Chart

Tan Cang Offshore Services JSC Annual Data

Trend

ROCE %

Tan Cang Offshore Services JSC Semi-Annual Data

ROCE %

Tan Cang Offshore Services JSC ROCE % Calculation

Tan Cang Offshore Services JSC's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Tan Cang Offshore Services JSC's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

Tan Cang Offshore Services JSC (HSTC:TOS) 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.

Tan Cang Offshore Services JSC ROCE % Related Terms

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Tan Cang Offshore Services JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tan Cang Offshore Services JSC (HSTC:TOS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

722 Dien Bien Phu, ward 22 - Binh Thanh, Ho Chi Minh, VNM

Website

https://www.tancangoffshore.com

Tan Cang Offshore Services JSC is a service provider in the maritime and oil and gas industries. The core businesses of the company include Offshore vessel chartering, Ocean towage and Salvage, Subsea Services, and Transportation and Installation services.

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