Thai Trung steel JSC (HSTC:TTS) ROCE % : 0.00% (As of . 20)

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What is Thai Trung steel 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. Thai Trung steel JSC's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Thai Trung steel JSC ROCE % Historical Data

The historical data trend for Thai Trung steel 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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Thai Trung steel JSC ROCE % Chart

Thai Trung steel JSC Annual Data

Trend

ROCE %

Thai Trung steel JSC Semi-Annual Data

ROCE %

Thai Trung steel JSC ROCE % Calculation

Thai Trung steel 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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Thai Trung steel 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.

Thai Trung steel JSC (HSTC:TTS) 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.

Thai Trung steel JSC ROCE % Related Terms

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Thai Trung steel JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Thai Trung steel JSC (HSTC:TTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cam Gia Ward, Group 13, Thai Nguyen Province, Thai Nguyen City, VNM

Website

https://www.ttr.com.vn

Thai Trung steel JSC is engaged in the manufacturing of steel products. Its products include steel bars, steel round bars, and others. The Company has its main business in manufacturing and trading rolling steel with hot rolled reinforcing bars as its key product, including hot rolled bar steel and hot rolled rebar steel with a diameter of D10mm - D50mm under TTR Trademarket.

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