Development Investment Construction JSC (STC:DIG) ROCE % : 7.03% (As of Jun. 2024)

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What is Development Investment 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. Development Investment Construction JSC's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.03%.

Development Investment Construction JSC ROCE % Historical Data

The historical data trend for Development Investment 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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Development Investment Construction JSC ROCE % Chart

Development Investment Construction JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.61

17.41

15.29

3.85

2.66

Development Investment Construction JSC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															1.40	1.56	1.72	-4.51	7.03

Development Investment Construction JSC ROCE % Calculation

Development Investment Construction 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 )
	=	263580.159	/	( ( (14747796.228 - 3945743.305)	+	(16827606.939 - 7807921.731) )	/ 2 )
	=	263580.159	/	( (10802052.923	+	9019685.208)	/ 2 )
	=	263580.159	/	9910869.0655
	=	2.66 %

Development Investment Construction JSC's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	721808.024	/	( ( (17765625.12 - 7489854.15)	+	(18444556.818 - 8174716.374) )	/ 2 )
	=	721808.024	/	( ( 10275770.97	+	10269840.444 )	/ 2 )
	=	721808.024	/	10272805.707
	=	7.03 %

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

Development Investment Construction JSC (STC:DIG) 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.

Development Investment Construction JSC ROCE % Related Terms

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Development Investment Construction JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Development Investment Construction JSC (STC:DIG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 Le Hong Phong, Ward 8, Vung Tau, VNM

Website

http://www.dic.vn

Development Investment Construction JSC is involved in the construction of industrial, civil, and technical projects, as well as infrastructures, industrial zones, transport and irrigation works. In addition, the company manufactures and trades in construction materials and construction related item.

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