Southern Gas Trading JSC (HSTC:PGS) ROCE % : 12.13% (As of Sep. 2023)

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What is Southern Gas Trading 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. Southern Gas Trading JSC's annualized ROCE % for the quarter that ended in Sep. 2023 was 12.13%.

Southern Gas Trading JSC ROCE % Historical Data

The historical data trend for Southern Gas Trading 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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Southern Gas Trading JSC ROCE % Chart

Southern Gas Trading JSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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12.60

8.42

7.52

9.10

10.63

Southern Gas Trading JSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															8.91	4.34	14.29	12.14	12.13

Southern Gas Trading JSC ROCE % Calculation

Southern Gas Trading JSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	132319.325	/	( ( (2410013.683 - 1169207.345)	+	(2389451.316 - 1140426.364) )	/ 2 )
	=	132319.325	/	( (1240806.338	+	1249024.952)	/ 2 )
	=	132319.325	/	1244915.645
	=	10.63 %

Southern Gas Trading JSC's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	145717.432	/	( ( (2364710.678 - 1172867.161)	+	(2294428.587 - 1083963.419) )	/ 2 )
	=	145717.432	/	( ( 1191843.517	+	1210465.168 )	/ 2 )
	=	145717.432	/	1201154.3425
	=	12.13 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Southern Gas Trading JSC (HSTC:PGS) 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.

Southern Gas Trading JSC ROCE % Related Terms

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Southern Gas Trading JSC (HSTC:PGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Southern Gas Trading JSC (HSTC:PGS) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No 1-5 Le Duan Street, 4th Floor, PetroVietnam Tower, Ben Nghe Ward, District 1, Ho Chi Minh City, VNM

Website

http://www.pgs.com.vn

Southern Gas Trading JSC is a Vietnam based company engaged in the trading activity of liquefied petroleum gas (LPG), gas products, materials, equipment and vehicles for LPG's transport, storage, vessels and trading. It offers residential LPG, industrial LPG, LPG cylinders and compressed natural gas. The company also offers services related to the gas industry such as design consultancy, supply of materials and equipment, construction, installation and technology transfer of delivery systems of LPG, CNG and LNG, using tubs, storage and filling stations and LPG cylinders.

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