Viet Nam Forestry Joint Stock Co (HSTC:VIF) ROCE % : 9.46% (As of Sep. 2024)

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What is Viet Nam Forestry Joint Stock Co 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. Viet Nam Forestry Joint Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.46%.

Viet Nam Forestry Joint Stock Co ROCE % Historical Data

The historical data trend for Viet Nam Forestry Joint Stock Co'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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Viet Nam Forestry Joint Stock Co ROCE % Chart

Viet Nam Forestry Joint Stock Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.36

6.74

6.47

10.35

6.34

Viet Nam Forestry Joint Stock Co 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															6.77	6.07	10.14	7.89	9.46

Viet Nam Forestry Joint Stock Co ROCE % Calculation

Viet Nam Forestry Joint Stock Co'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 )
	=	321569.489	/	( ( (5616914.412 - 514732.715)	+	(5475152.974 - 427461.006) )	/ 2 )
	=	321569.489	/	( (5102181.697	+	5047691.968)	/ 2 )
	=	321569.489	/	5074936.8325
	=	6.34 %

Viet Nam Forestry Joint Stock Co'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 )
	=	471630.464	/	( ( (5634762.558 - 699209.622)	+	(5398851.417 - 360538.797) )	/ 2 )
	=	471630.464	/	( ( 4935552.936	+	5038312.62 )	/ 2 )
	=	471630.464	/	4986932.778
	=	9.46 %

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

Viet Nam Forestry Joint Stock Co (HSTC:VIF) 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.

Viet Nam Forestry Joint Stock Co ROCE % Related Terms

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Viet Nam Forestry Joint Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Viet Nam Forestry Corp Joint Stock Co (HSTC:VIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 127 Lo Duc Street, Floor 13 + 14 Vinafor building, Dong Mac Ward, Hai Ba Trung District, Ha Noi, VNM

Website

http://www.vinafor.com.vn

Viet Nam Forestry Corp Joint Stock Co is an operator of forest that grows and processes wood. The company's types of artificial boards include particle board, MDF fibreboard, and plywood slabs. It also produces furniture form wood.

Viet Nam Forestry Joint Stock Co Headlines

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