Vietnam Engine & Agricultural Machinery (HSTC:VEA) ROCE % : 0.00% (As of . 20)

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What is Vietnam Engine & Agricultural Machinery 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. Vietnam Engine & Agricultural Machinery's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Vietnam Engine & Agricultural Machinery ROCE % Historical Data

The historical data trend for Vietnam Engine & Agricultural Machinery'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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Vietnam Engine & Agricultural Machinery ROCE % Chart

Vietnam Engine & Agricultural Machinery Annual Data

Trend

ROCE %

Vietnam Engine & Agricultural Machinery Semi-Annual Data

ROCE %

Vietnam Engine & Agricultural Machinery ROCE % Calculation

Vietnam Engine & Agricultural Machinery'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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Vietnam Engine & Agricultural Machinery'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.

Vietnam Engine & Agricultural Machinery (HSTC:VEA) 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.

Vietnam Engine & Agricultural Machinery ROCE % Related Terms

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Vietnam Engine & Agricultural Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Vietnam Engine & Agricultural Machinery Corp (HSTC:VEA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zone D Group D1, Phu Thuong Ward, Tay Ho District, HaNoi, VNM

Website

http://www.veamcorp.com

Vietnam Engine & Agricultural Machinery Corp is engaged in manufacturing and trading machinery and spare parts for agricultural, forestry and fishery production and transportation. Its products include VEAM cars, tractors, engine, agricultural machinery, and accessories.