Ho Chi Minh City Securities (STC:HCM) ROCE % : 0.30% (As of Mar. 2024)

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What is Ho Chi Minh City Securities 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. Ho Chi Minh City Securities's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.30%.

Ho Chi Minh City Securities ROCE % Historical Data

The historical data trend for Ho Chi Minh City Securities'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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Ho Chi Minh City Securities ROCE % Chart

Ho Chi Minh City Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.63

2.52

4.28

-2.71

-2.77

Ho Chi Minh City Securities 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															-3.45	-1.77	-1.29	-4.61	0.30

Ho Chi Minh City Securities ROCE % Calculation

Ho Chi Minh City Securities'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 )
	=	-224443.111	/	( ( (15446955.045 - 7555122.709)	+	(17910675.073 - 9598589.845) )	/ 2 )
	=	-224443.111	/	( (7891832.336	+	8312085.228)	/ 2 )
	=	-224443.111	/	8101958.782
	=	-2.77 %

Ho Chi Minh City Securities'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 )
	=	25494.424	/	( ( (17910675.073 - 9598589.845)	+	(20408871.841 - 11819931.772) )	/ 2 )
	=	25494.424	/	( ( 8312085.228	+	8588940.069 )	/ 2 )
	=	25494.424	/	8450512.6485
	=	0.30 %

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

Ho Chi Minh City Securities (STC:HCM) 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.

Ho Chi Minh City Securities ROCE % Related Terms

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Ho Chi Minh City Securities (STC:HCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ho Chi Minh City Securities Corp (STC:HCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Le Lai, Ben Thanh Ward, Level 5&6, AB Tower, 7, District 1, Ho Chi Minh, VNM

Website

http://www.hsc.com.vn

Ho Chi Minh City Securities Corporation is a Vietnam-based securities brokerage and equities firm. It offers a full suite of services and financial products to private and institutional clients. The company provides brokerage and other supporting services including securities trading, underwriting for share issues, custodian services, finance and investment advisory services, investor capital support, portfolio management, pledge of securities, organizing investment and trading seminar, and margin trading services.