Agribank Securities JSC (STC:AGR) ROCE % : 8.04% (As of Mar. 2024)

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What is Agribank Securities 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. Agribank Securities JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.04%.

Agribank Securities JSC ROCE % Historical Data

The historical data trend for Agribank Securities 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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Agribank Securities JSC ROCE % Chart

Agribank Securities JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.58

5.98

19.00

7.42

8.14

Agribank Securities JSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.71	8.55	6.42	9.05	8.04

Agribank Securities JSC ROCE % Calculation

Agribank Securities JSC'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 )
	=	203860.064	/	( ( (2805191.288 - 300552.402)	+	(3062598.169 - 559443.632) )	/ 2 )
	=	203860.064	/	( (2504638.886	+	2503154.537)	/ 2 )
	=	203860.064	/	2503896.7115
	=	8.14 %

Agribank Securities JSC's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	202662.772	/	( ( (3062598.169 - 559443.632)	+	(3550763.522 - 1012195.113) )	/ 2 )
	=	202662.772	/	( ( 2503154.537	+	2538568.409 )	/ 2 )
	=	202662.772	/	2520861.473
	=	8.04 %

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

Agribank Securities JSC (STC:AGR) 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.

Agribank Securities JSC ROCE % Related Terms

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Agribank Securities JSC (STC:AGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Agribank Securities JSC (STC:AGR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, ARTEX Building, 172 Ngoc Khanh, Ba Dinh District, Hanoi, VNM

Website

http://www.agriseco.com.vn

Agribank Securities JSC operates as a securities services company in Vietnam. It business line include securities and stock brokerage, securities investment and corporate finance consultancy, and securities placement and registration services.