Vinacomin Machinery Joint Stock Company (HSTC:CTT) ROCE % : 29.56% (As of Sep. 2023)

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What is Vinacomin Machinery 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. Vinacomin Machinery Joint Stock Company's annualized ROCE % for the quarter that ended in Sep. 2023 was 29.56%.

Vinacomin Machinery Joint Stock Company ROCE % Historical Data

The historical data trend for Vinacomin Machinery 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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Vinacomin Machinery Joint Stock Company ROCE % Chart

Vinacomin Machinery Joint Stock Company Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

ROCE %

32.50

35.77

30.56

31.41

Vinacomin Machinery Joint Stock Company Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial													32.64	31.09	37.55	37.67	29.56

Vinacomin Machinery Joint Stock Company ROCE % Calculation

Vinacomin Machinery Joint Stock Company's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	27158.78	/	( ( (547448.384 - 458197.182)	+	(547345.306 - 463666.831) )	/ 2 )
	=	27158.78	/	( (89251.202	+	83678.475)	/ 2 )
	=	27158.78	/	86464.8385
	=	31.41 %

Vinacomin Machinery Joint Stock Company'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 )
	=	25280.18	/	( ( (613859.205 - 528399.015)	+	(583673.685 - 498114.304) )	/ 2 )
	=	25280.18	/	( ( 85460.19	+	85559.381 )	/ 2 )
	=	25280.18	/	85509.7855
	=	29.56 %

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

Vinacomin Machinery Joint Stock Company (HSTC:CTT) 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.

Vinacomin Machinery Joint Stock Company ROCE % Related Terms

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Vinacomin Machinery Joint Stock Company (HSTC:CTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinacomin Machinery Joint Stock Company (HSTC:CTT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 486, Tran Phu Street, Quang Ninh Province, Cam Thuy Ward, Cam Pha City, VNM

Website

http://www.chetaomay.com.vn

Vinacomin Machinery Joint Stock Company is a Vietnam based machinery manufacturing company. It provides power protector, cutting machine, drilling machine, hydraulic.