Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) ROCE % : 34.68% (As of Mar. 2024)

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What is Vietnam Bank for Industry and Trade 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. Vietnam Bank for Industry and Trade Securities JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.68%.

Vietnam Bank for Industry and Trade Securities JSC ROCE % Historical Data

The historical data trend for Vietnam Bank for Industry and Trade 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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Vietnam Bank for Industry and Trade Securities JSC ROCE % Chart

Vietnam Bank for Industry and Trade Securities JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.92

15.01

36.73

14.71

27.14

Vietnam Bank for Industry and Trade 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															20.11	36.71	29.27	25.70	34.68

Vietnam Bank for Industry and Trade Securities JSC ROCE % Calculation

Vietnam Bank for Industry and Trade 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 )
	=	537950.029	/	( ( (5036970.413 - 3136567.155)	+	(8457052.562 - 6393046.413) )	/ 2 )
	=	537950.029	/	( (1900403.258	+	2064006.149)	/ 2 )
	=	537950.029	/	1982204.7035
	=	27.14 %

Vietnam Bank for Industry and Trade 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 )
	=	736571.176	/	( ( (8457052.562 - 6393046.413)	+	(6922364.356 - 4738845.991) )	/ 2 )
	=	736571.176	/	( ( 2064006.149	+	2183518.365 )	/ 2 )
	=	736571.176	/	2123762.257
	=	34.68 %

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

Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) 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 Bank for Industry and Trade Securities JSC ROCE % Related Terms

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Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vietnam Bank for Industry and Trade Securities JSC (STC:CTS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

306 Ba Trieu Street, Hai Ba Trung District, Ha Noi, VNM

Website

https://www.cts.vn

Vietinbank Securities Co Ltd operates as a stockbroker in Vietnam. It provides brokerage services, proprietary trading, investment advisory, underwriting services, custody, and corporate finance advisory service. It offers securities services, investment consulting services, private services to corporate clients, enterprises and individuals, and professionals. It also engaged in investment promotion activities to provide comprehensive financial solutions for businesses.