Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) ROCE % : -0.38% (As of Dec. 2024)

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What is Petro Viet Nam Low Pressure GAS Distribution 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. Petro Viet Nam Low Pressure GAS Distribution JSC's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.38%.

Petro Viet Nam Low Pressure GAS Distribution JSC ROCE % Historical Data

The historical data trend for Petro Viet Nam Low Pressure GAS Distribution 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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Petro Viet Nam Low Pressure GAS Distribution JSC ROCE % Chart

Petro Viet Nam Low Pressure GAS Distribution JSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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18.95

24.26

35.64

23.18

21.96

Petro Viet Nam Low Pressure GAS Distribution JSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															26.23	14.23	39.58	30.30	-0.38

Petro Viet Nam Low Pressure GAS Distribution JSC ROCE % Calculation

Petro Viet Nam Low Pressure GAS Distribution JSC's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	316148.775	/	( ( (3362928.366 - 1961321.306)	+	(3768226.596 - 2290605.16) )	/ 2 )
	=	316148.775	/	( (1401607.06	+	1477621.436)	/ 2 )
	=	316148.775	/	1439614.248
	=	21.96 %

Petro Viet Nam Low Pressure GAS Distribution JSC's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-5888.7	/	( ( (3845211.267 - 2217838.797)	+	(3768226.596 - 2290605.16) )	/ 2 )
	=	-5888.7	/	( ( 1627372.47	+	1477621.436 )	/ 2 )
	=	-5888.7	/	1552496.953
	=	-0.38 %

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

Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) 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.

Petro Viet Nam Low Pressure GAS Distribution JSC ROCE % Related Terms

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Petro Viet Nam Low Pressure GAS Distribution JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) » Definitions » ROCE %

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Address

No.673 Nguyen Huu Tho Street, Floor 7, PV Gas Tower Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh, VNM

Website

http://www.pvgasd.com.vn

Petro Viet Nam Low Pressure GAS Distribution JSC is a Vietnam-based company engaged in the distribution of low-pressure gas to industrial households. Additionally, it also trades other industrial gases, petroleum, and other oil-based products. The company's project consists of two parts namely low-pressure gas distribution pipeline and compressed natural gas processing and distribution system.

Petro Viet Nam Low Pressure GAS Distribution JSC Headlines

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