VIX Securities JSC (STC:VIX) ROCE % : 9.62% (As of Mar. 2024)

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What is VIX 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. VIX Securities JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.62%.

VIX Securities JSC ROCE % Historical Data

The historical data trend for VIX 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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VIX Securities JSC ROCE % Chart

VIX Securities JSC Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.74

23.38

30.53

6.82

14.30

VIX Securities JSC Quarterly Data
	Dec18	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															0.60	34.32	11.55	10.71	9.62

VIX Securities JSC ROCE % Calculation

VIX Securities JSC'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 )
	=	1198861.184	/	( ( (8148069.614 - 284848.411)	+	(9086811.829 - 186613.27) )	/ 2 )
	=	1198861.184	/	( (7863221.203	+	8900198.559)	/ 2 )
	=	1198861.184	/	8381709.881
	=	14.30 %

VIX Securities JSC'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 )
	=	863724.816	/	( ( (9086811.829 - 186613.27)	+	(10280917.289 - 1226334.815) )	/ 2 )
	=	863724.816	/	( ( 8900198.559	+	9054582.474 )	/ 2 )
	=	863724.816	/	8977390.5165
	=	9.62 %

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

VIX Securities JSC (STC:VIX) 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.

VIX Securities JSC ROCE % Related Terms

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VIX Securities JSC (STC:VIX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th Floor, 52 Le Dai Hanh, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi, VNM

Website

https://www.ibx.vn

VIX Securities JSC, formerly IB Securities JSC provides securities brokerage services through multiple forms. The company also engages in securities trading, investment advice, custody and underwriting services.

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