Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) ROCE % : 4.95% (As of Mar. 2024)

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What is Sai Gon Thuong Tin Real Estate Joint Stock Company 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. Sai Gon Thuong Tin Real Estate Joint Stock Company's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.95%.

Sai Gon Thuong Tin Real Estate Joint Stock Company ROCE % Historical Data

The historical data trend for Sai Gon Thuong Tin Real Estate Joint Stock Company'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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Sai Gon Thuong Tin Real Estate Joint Stock Company ROCE % Chart

Sai Gon Thuong Tin Real Estate Joint Stock Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.51

6.93

9.64

6.15

4.85

Sai Gon Thuong Tin Real Estate Joint Stock Company 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															4.92	6.39	5.34	3.87	4.95

Sai Gon Thuong Tin Real Estate Joint Stock Company ROCE % Calculation

Sai Gon Thuong Tin Real Estate Joint Stock Company'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 )
	=	320882.185	/	( ( (9691275.952 - 3383318.207)	+	(10631177.473 - 3712111.319) )	/ 2 )
	=	320882.185	/	( (6307957.745	+	6919066.154)	/ 2 )
	=	320882.185	/	6613511.9495
	=	4.85 %

Sai Gon Thuong Tin Real Estate Joint Stock Company'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 )
	=	343064.7	/	( ( (10631177.473 - 3712111.319)	+	(10658025.76 - 3705077.453) )	/ 2 )
	=	343064.7	/	( ( 6919066.154	+	6952948.307 )	/ 2 )
	=	343064.7	/	6936007.2305
	=	4.95 %

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

Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) 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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Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sai Gon Thuong Tin Real Estate Joint Stock Company (STC:SCR) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No 253 Hoang Van Thu, TTC Building, Ward 2, Tan Binh District, Ho Chi Minh City, VNM

Website

https://ttcland.vn

Sai Gon Thuong Tin Real Estate Joint Stock Company is engaged in trade in real estate, own land use rights, lease land use rights and houses, and invest and construct the infrastructure of industrial parks. The projects of the company are belleza apartment, carillon apartment, and hoa binh sacromreal project.