Petrovietnam General Services (STC:PET) ROCE % : 22.71% (As of Sep. 2024)

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What is Petrovietnam General Services 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. Petrovietnam General Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.71%.

Petrovietnam General Services ROCE % Historical Data

The historical data trend for Petrovietnam General Services'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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Petrovietnam General Services ROCE % Chart

Petrovietnam General Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.75

14.53

24.51

16.46

18.08

Petrovietnam General Services Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															20.91	25.96	6.02	17.40	22.71

Petrovietnam General Services ROCE % Calculation

Petrovietnam General Services'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 )
	=	399414.043	/	( ( (9039495.579 - 6860575.272)	+	(9479475.648 - 7240736.85) )	/ 2 )
	=	399414.043	/	( (2178920.307	+	2238738.798)	/ 2 )
	=	399414.043	/	2208829.5525
	=	18.08 %

Petrovietnam General Services'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 )
	=	525948.38	/	( ( (9385753.735 - 7106550.863)	+	(9059432.487 - 6706432.954) )	/ 2 )
	=	525948.38	/	( ( 2279202.872	+	2352999.533 )	/ 2 )
	=	525948.38	/	2316101.2025
	=	22.71 %

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

Petrovietnam General Services (STC:PET) 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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Petrovietnam General Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam General Services Corp (STC:PET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1-5 Le Duan Street 06 Floor, PetroVietNam Building Ben, Nghe District, Ho Chi Minh City, VNM

Website

http://www.petrosetco.com.vn

Petrovietnam General Services Corp is engaged in the distribution of telecom, IT and electronic products, household goods, polypropylene plastic particle, polyester, and LPG. The company is also involved in catering services, supply chain services which include the supply of oilfield materials and equipment, heavy cargo transportation and lifting services, and logistics services, and property services focusing on real estate management, hotel service, and real estate development and investment.