Thien Viet Securities JSC (STC:TVS) ROCE % : 31.04% (As of Dec. 2024)

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What is Thien Viet Securities 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. Thien Viet Securities JSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 31.04%.

Thien Viet Securities JSC ROCE % Historical Data

The historical data trend for Thien Viet Securities 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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Thien Viet Securities JSC ROCE % Chart

Thien Viet Securities JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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33.85

46.77

12.03

23.87

22.63

Thien Viet Securities JSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.23	30.42	11.35	18.38	31.04

Thien Viet Securities JSC ROCE % Calculation

Thien Viet Securities JSC's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	521364.545	/	( ( (13529106.412 - 11275423.63)	+	(7385483.841 - 5032135.356) )	/ 2 )
	=	521364.545	/	( (2253682.782	+	2353348.485)	/ 2 )
	=	521364.545	/	2303515.6335
	=	22.63 %

Thien Viet Securities JSC's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	714258.036	/	( ( (6877733.868 - 4629558.598)	+	(7385483.841 - 5032135.356) )	/ 2 )
	=	714258.036	/	( ( 2248175.27	+	2353348.485 )	/ 2 )
	=	714258.036	/	2300761.8775
	=	31.04 %

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

Thien Viet Securities JSC (STC:TVS) 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.

Thien Viet Securities JSC ROCE % Related Terms

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Thien Viet Securities JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Thien Viet Securities JSC (STC:TVS) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

22 Lang Ha Street, TDL Building, 4th Floor, Dong Da District, Hanoi, VNM

Website

https://www.tvs.vn

Thien Viet Securities JSC is engaged in the provision of financial advisory, investment banking, brokerage, research, and investment services. It also provides proprietary trading, financial and securities investment consulting, securities underwriting, securities depository services.

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