Tay Ninh Cable Car Tour Co (STC:TCT) ROCE % : 6.17% (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Tay Ninh Cable Car Tour Co 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. Tay Ninh Cable Car Tour Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.17%.

Tay Ninh Cable Car Tour Co ROCE % Historical Data

The historical data trend for Tay Ninh Cable Car Tour Co'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.

* Premium members only.

Tay Ninh Cable Car Tour Co ROCE % Chart

Tay Ninh Cable Car Tour Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

25.82

0.42

0.65

12.05

7.07

Tay Ninh Cable Car Tour Co 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															20.59	-5.45	-3.94	16.91	6.17

Tay Ninh Cable Car Tour Co ROCE % Calculation

Tay Ninh Cable Car Tour Co'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 )
	=	22999.593	/	( ( (343130.371 - 23856.714)	+	(361676.272 - 30448.454) )	/ 2 )
	=	22999.593	/	( (319273.657	+	331227.818)	/ 2 )
	=	22999.593	/	325250.7375
	=	7.07 %

Tay Ninh Cable Car Tour Co'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 )
	=	20695.656	/	( ( (361676.272 - 30448.454)	+	(375149.509 - 35495.677) )	/ 2 )
	=	20695.656	/	( ( 331227.818	+	339653.832 )	/ 2 )
	=	20695.656	/	335440.825
	=	6.17 %

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

Tay Ninh Cable Car Tour Co (STC:TCT) 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.

Tay Ninh Cable Car Tour Co ROCE % Related Terms

Thank you for viewing the detailed overview of Tay Ninh Cable Car Tour Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tay Ninh Cable Car Tour Co (STC:TCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tay Ninh Cable Car Tour Co (STC:TCT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ninh Son commune, Hoa Thanh District, Tay Ninh town, Tay Ninh province, VNM

Website

http://www.catour.com.vn

Tay Ninh Cable Car Tour Co is a Vietnam based company. It is engaged in providing transportation services by the Ropeway and the Slideway system. It also offers Passenger transportation by tube car. The company also provides advertisement services such as hoarding, cabins, and pillars of the Ropeway system etc.

Tay Ninh Cable Car Tour Co (STC:TCT) Headlines

No Headlines