Binh Duong Water - Environment - JSC (STC:BWE) ROCE % : 11.48% (As of Sep. 2024)

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What is Binh Duong Water - Environment - 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. Binh Duong Water - Environment - JSC's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.48%.

Binh Duong Water - Environment - JSC ROCE % Historical Data

The historical data trend for Binh Duong Water - Environment - 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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Binh Duong Water - Environment - JSC ROCE % Chart

Binh Duong Water - Environment - JSC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.50

13.66

15.29

13.39

12.48

Binh Duong Water - Environment - JSC 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															12.62	12.98	11.44	8.98	11.48

Binh Duong Water - Environment - JSC ROCE % Calculation

Binh Duong Water - Environment - 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 )
	=	1106298.819	/	( ( (9987292.158 - 1989020.331)	+	(12121720.382 - 2384770.329) )	/ 2 )
	=	1106298.819	/	( (7998271.827	+	9736950.053)	/ 2 )
	=	1106298.819	/	8867610.94
	=	12.48 %

Binh Duong Water - Environment - JSC'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 )
	=	1136307.72	/	( ( (12138310.719 - 2290028.855)	+	(12582806.634 - 2640216.616) )	/ 2 )
	=	1136307.72	/	( ( 9848281.864	+	9942590.018 )	/ 2 )
	=	1136307.72	/	9895435.941
	=	11.48 %

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

Binh Duong Water - Environment - JSC (STC:BWE) 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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Binh Duong Water - Environment - JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Binh Duong Water - Environment Corp - JSC (STC:BWE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Block A4, Bui Vien Street, Nguyen Duc Canh Industrial Park, Tran Hung Dao Ward, Thai Binh Province, Thai Binh, VNM

Website

http://www.biwase.com.vn

Binh Duong Water - Environment Corp - JSC operates in the waste management industry in Vietnam. The business activities of the company include treatment and supply of clean water, investment in management of drainage systems, construction and repair of water supply, and supervision of construction and installation of works.

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