HAGL JSC (STC:HAG) ROCE % : 13.89% (As of Mar. 2024)

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What is HAGL 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. HAGL JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.89%.

HAGL JSC ROCE % Historical Data

The historical data trend for HAGL 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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HAGL JSC ROCE % Chart

HAGL JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.45

-4.57

5.03

16.36

27.07

HAGL 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															19.51	13.20	19.56	56.20	13.89

HAGL JSC ROCE % Calculation

HAGL 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 )
	=	2947010.757	/	( ( (19798387.553 - 9218063.487)	+	(20903255.29 - 9710404.28) )	/ 2 )
	=	2947010.757	/	( (10580324.066	+	11192851.01)	/ 2 )
	=	2947010.757	/	10886587.538
	=	27.07 %

HAGL 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 )
	=	1576602.232	/	( ( (20903255.29 - 9710404.28)	+	(21169793.698 - 9656045.573) )	/ 2 )
	=	1576602.232	/	( ( 11192851.01	+	11513748.125 )	/ 2 )
	=	1576602.232	/	11353299.5675
	=	13.89 %

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

HAGL JSC (STC:HAG) 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.

HAGL JSC ROCE % Related Terms

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HAGL JSC (STC:HAG) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

15 Truong Chinh Street, Phu Dong Ward, Gia Lai Province, Pleiku, VNM

Website

http://www.hagl.com.vn

HAGL JSC is a Vietnam-based company engaged in the development, sale, and lease of residential and commercial properties. It develops, rents, and trades in real estate, including the construction of headquarters, office buildings, amongst others. The group is organised into seven business segments namely, Real Estate, Production, Trading and Services, Construction, Power, Mining, and Agriculture. It also has presence in sport and entertainment industries. Other activities include forestation, rubber cultivation and latex processing, electricity generation and distribution, as well as the provision of hotel and resort services.

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