Vinh Son - Song Hinh Hydropower JSC (STC:VSH) ROCE % : 19.69% (As of Dec. 2024)

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What is Vinh Son - Song Hinh Hydropower 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. Vinh Son - Song Hinh Hydropower JSC's annualized ROCE % for the quarter that ended in Dec. 2024 was 19.69%.

Vinh Son - Song Hinh Hydropower JSC ROCE % Historical Data

The historical data trend for Vinh Son - Song Hinh Hydropower 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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Vinh Son - Song Hinh Hydropower JSC ROCE % Chart

Vinh Son - Song Hinh Hydropower JSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.88

8.87

19.56

16.99

9.72

Vinh Son - Song Hinh Hydropower 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															15.59	3.89	7.97	7.63	19.69

Vinh Son - Song Hinh Hydropower JSC ROCE % Calculation

Vinh Son - Song Hinh Hydropower 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 )
	=	799712.94	/	( ( (9533198.918 - 1193995.41)	+	(8607882.329 - 485244.655) )	/ 2 )
	=	799712.94	/	( (8339203.508	+	8122637.674)	/ 2 )
	=	799712.94	/	8230920.591
	=	9.72 %

Vinh Son - Song Hinh Hydropower 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 )
	=	1617518.728	/	( ( (8585432.912 - 277354.474)	+	(8607882.329 - 485244.655) )	/ 2 )
	=	1617518.728	/	( ( 8308078.438	+	8122637.674 )	/ 2 )
	=	1617518.728	/	8215358.056
	=	19.69 %

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

Vinh Son - Song Hinh Hydropower JSC (STC:VSH) 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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Vinh Son - Song Hinh Hydropower JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Vinh Son - Song Hinh Hydropower JSC (STC:VSH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

16-17-18 Floor, Building 11, Cua Bac EVN, Ba Dinh, Ha noi, VNM

Website

http://www.vshpc.evn.com.vn

Vinh Son - Song Hinh Hydropower JSC engages in the production and sale of electricity in Vietnam. The company is also involved in the service management, operation, and maintenance of hydropower plants; management consultancy and construction supervision of hydropower plant projects; and provision of design consulting services for irrigation, transportation, and hydroelectric works. In addition, it offers consulting and supervising services for the construction of hydraulic and traffic works; performs electricity experiments; trades in materials and equipment used in the hydroelectricity industry; invests in power projects construction activities, and operates in real estate business.