Phu Nhuan Jewelry JSC (STC:PNJ) ROCE % : 37.45% (As of Mar. 2024)

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What is Phu Nhuan Jewelry 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. Phu Nhuan Jewelry JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 37.45%.

Phu Nhuan Jewelry JSC ROCE % Historical Data

The historical data trend for Phu Nhuan Jewelry 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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Phu Nhuan Jewelry JSC ROCE % Chart

Phu Nhuan Jewelry JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.87

30.51

24.47

33.17

28.54

Phu Nhuan Jewelry 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															44.26	20.38	14.67	34.01	37.45

Phu Nhuan Jewelry JSC ROCE % Calculation

Phu Nhuan Jewelry 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 )
	=	2607328.806	/	( ( (13337124.649 - 4883064.421)	+	(14427558.015 - 4611956.609) )	/ 2 )
	=	2607328.806	/	( (8454060.228	+	9815601.406)	/ 2 )
	=	2607328.806	/	9134830.817
	=	28.54 %

Phu Nhuan Jewelry 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 )
	=	3800722.344	/	( ( (14427558.015 - 4611956.609)	+	(12968928.755 - 2485164.254) )	/ 2 )
	=	3800722.344	/	( ( 9815601.406	+	10483764.501 )	/ 2 )
	=	3800722.344	/	10149682.9535
	=	37.45 %

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

Phu Nhuan Jewelry JSC (STC:PNJ) 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.

Phu Nhuan Jewelry JSC ROCE % Related Terms

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Phu Nhuan Jewelry JSC (STC:PNJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Phu Nhuan Jewelry JSC (STC:PNJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 170E, Phan Dang Luu Street, Ward 3, Phu Nhuan District, Ho Chi Minh, VNM

Website

https://www.pnj.com.vn

Phu Nhuan Jewelry JSC is engaged in the manufacturing and trading of gold, silver, jewelry, and gemstones. The other activities mainly are trading accessories and jewelry inspection services. The activities of the company are carried out in Vietnam. It offers products such as Rings, Earrings, Bracelets, pendants, Necklaces, and others. The company offers its products under brands of CAO Fine Jewellery, PNJArt, PNJ Silver and accessories, and others.

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