Hoa Sen Group (STC:HSG) ROCE % : 5.18% (As of Dec. 2023)

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What is Hoa Sen Group 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. Hoa Sen Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.18%.

Hoa Sen Group ROCE % Historical Data

The historical data trend for Hoa Sen Group'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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Hoa Sen Group ROCE % Chart

Hoa Sen Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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14.15

22.48

50.17

5.51

3.13

Hoa Sen Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-23.37	13.77	2.57	20.16	5.18

Hoa Sen Group ROCE % Calculation

Hoa Sen Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	341512.063	/	( ( (17025411.188 - 6009187.396)	+	(17365305.646 - 6568894.35) )	/ 2 )
	=	341512.063	/	( (11016223.792	+	10796411.296)	/ 2 )
	=	341512.063	/	10906317.544
	=	3.13 %

Hoa Sen Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	562128.816	/	( ( (17365305.646 - 6568894.35)	+	(18798431.745 - 7911607.932) )	/ 2 )
	=	562128.816	/	( ( 10796411.296	+	10886823.813 )	/ 2 )
	=	562128.816	/	10841617.5545
	=	5.18 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Hoa Sen Group (STC:HSG) 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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Hoa Sen Group (STC:HSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hoa Sen Group (STC:HSG) » Definitions » ROCE %

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Address

183 Nguyen Van Troi Street, Ward 10, Phu Nhuan District, Ho Chi Minh City, VNM

Website

http://www.hoasengroup.vn

Hoa Sen Group is a steel roofing sheet manufacturing company. It manufactures and distributes building material products in Vietnam. The company's product portfolio includes cold rolled coil, aluminum-zinc alloy coated steel sheets, galvanized steel sheets, pre-painted galvanized steel sheets, pre-painted aluminum-zinc alloy coated steel sheets, pre-painted GL and pre-painted GI with PVDF, and wood pattern steel sheets. In addition, it also produces steel purlins, galvanized purlins, manufactures black steel pipes, galvanized steel pipes and other alloys, steel mesh, galvanized steel wire, steel wire, PVC ceiling and manufacturing and trading of plastic building materials.

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