Thien Nam Trading Import Export (STC:TNA) ROCE % : 0.00% (As of . 20)

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What is Thien Nam Trading Import Export 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. Thien Nam Trading Import Export's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Thien Nam Trading Import Export ROCE % Historical Data

The historical data trend for Thien Nam Trading Import Export's ROCE % can be seen below:

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Thien Nam Trading Import Export ROCE % Chart

Thien Nam Trading Import Export Annual Data

Trend

ROCE %

Thien Nam Trading Import Export Quarterly Data

ROCE %

Thien Nam Trading Import Export ROCE % Calculation

Thien Nam Trading Import Export's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Thien Nam Trading Import Export's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Thien Nam Trading Import Export (STC:TNA) 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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Thien Nam Trading Import Export (STC:TNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Thien Nam Trading Import Export Corp (STC:TNA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111-121 Ngo Gia Tu, Ward 2, District 10, Ho Chi Minh City, VNM

Website

http://www.tna.com.vn

Thien Nam Trading Import Export Corp imports confectionery, trades in electrical appliances, steel and truck components such as hot rolled steel wires with all sizes, rolled steel, hot rolled steel sheet, rolled steel cold rolls. It also trades and leases real estate, office space, and warehouses.