Southern Hydropower Joint Stock Company (STC:SHP) ROCE % : -1.20% (As of Mar. 2024)

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What is Southern Hydropower Joint Stock Company 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 Hydropower Joint Stock Company's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.20%.

Southern Hydropower Joint Stock Company ROCE % Historical Data

The historical data trend for Southern Hydropower Joint Stock Company'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 Hydropower Joint Stock Company ROCE % Chart

Southern Hydropower Joint Stock Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.91

7.47

20.87

25.05

22.03

Southern Hydropower Joint Stock Company 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															6.09	16.75	47.79	27.13	-1.20

Southern Hydropower Joint Stock Company ROCE % Calculation

Southern Hydropower Joint Stock Company'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 )
	=	325089.663	/	( ( (1768989.904 - 202761.718)	+	(1545800.64 - 160464.782) )	/ 2 )
	=	325089.663	/	( (1566228.186	+	1385335.858)	/ 2 )
	=	325089.663	/	1475782.022
	=	22.03 %

Southern Hydropower Joint Stock Company'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 )
	=	-15974.868	/	( ( (1545800.64 - 160464.782)	+	(1404498.703 - 134649.876) )	/ 2 )
	=	-15974.868	/	( ( 1385335.858	+	1269848.827 )	/ 2 )
	=	-15974.868	/	1327592.3425
	=	-1.20 %

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

Southern Hydropower Joint Stock Company (STC:SHP) 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 Hydropower Joint Stock Company ROCE % Related Terms

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Southern Hydropower Joint Stock Company (STC:SHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Southern Hydropower Joint Stock Company (STC:SHP) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

45 Vo Thi Sau street, Unit.106, 1st Floor, Citilight Building, District 1, Ho Chi Minh City, VNM

Website

http://www.shp.vn

Southern Hydropower Joint Stock Company is a Vietnam based company operating in the electric utilities industry. The company is involved investment in hydropower projects, operating and managing hydropower plants, producing and trading electricity, supervising construction of hydropower plants and installation of hydropower plant equipment. The company's hydropower plants are Da Siat, Da Dang 2 and Da M'bri.

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