Meca Vneco Investment And Electricity Construction JSC (HSTC:VES) ROCE % : 0.00% (As of . 20)

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What is Meca Vneco Investment And Electricity Construction 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. Meca Vneco Investment And Electricity Construction JSC's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Meca Vneco Investment And Electricity Construction JSC ROCE % Historical Data

The historical data trend for Meca Vneco Investment And Electricity Construction 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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Meca Vneco Investment And Electricity Construction JSC ROCE % Chart

Meca Vneco Investment And Electricity Construction JSC Annual Data

Trend

ROCE %

Meca Vneco Investment And Electricity Construction JSC Semi-Annual Data

ROCE %

Meca Vneco Investment And Electricity Construction JSC ROCE % Calculation

Meca Vneco Investment And Electricity Construction 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 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Meca Vneco Investment And Electricity Construction 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.

Meca Vneco Investment And Electricity Construction JSC (HSTC:VES) 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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Meca Vneco Investment And Electricity Construction JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Meca Vneco Investment And Electricity Construction JSC (HSTC:VES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

740C Nguyen Kiem, Ward 04, Phu Nhuan District, Ho Chi Minh City, VNM

Website

http://www.mecavneco.com.vn

Meca Vneco Investment And Electricity Construction JSC is engaged in manufacturing hot-dipping zinc-plated steel pillars, and steel structures of all kinds; constructing and installing electrical lines; & repairing and maintaining industrial plants.

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