Saigon VRG Investment (STC:SIP) ROCE % : 7.19% (As of Mar. 2024)

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What is Saigon VRG Investment 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. Saigon VRG Investment's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.19%.

Saigon VRG Investment ROCE % Historical Data

The historical data trend for Saigon VRG Investment'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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Saigon VRG Investment ROCE % Chart

Saigon VRG Investment Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.93

11.78

7.22

7.62

7.61

Saigon VRG Investment Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										9.17	5.56	8.94	-	7.19

Saigon VRG Investment ROCE % Calculation

Saigon VRG Investment'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 )
	=	1338382.037	/	( ( (19003421.931 - 1842760.737)	+	(21060427.29 - 3061003.884) )	/ 2 )
	=	1338382.037	/	( (17160661.194	+	17999423.406)	/ 2 )
	=	1338382.037	/	17580042.3
	=	7.61 %

Saigon VRG Investment'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 )
	=	1328276.336	/	( ( (21060427.29 - 3061003.884)	+	(22247029.321 - 3306263.491) )	/ 2 )
	=	1328276.336	/	( ( 17999423.406	+	18940765.83 )	/ 2 )
	=	1328276.336	/	18470094.618
	=	7.19 %

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

Saigon VRG Investment (STC:SIP) 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.

Saigon VRG Investment ROCE % Related Terms

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Saigon VRG Investment (STC:SIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Saigon VRG Investment Corp (STC:SIP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 Nguyen Van Troi, Ward 8, CentrePoint Building, Phu Nhuan District, Ho Chi Minh, VNM

Website

https://www.saigonvrg.com.vn

Saigon VRG Investment Corp specializes in the development and construction of industrial parks, residential areas, and commercial centers, providing high-standard amenities, modern production, and a living environment.

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