Cuong Wood - Working JSC (STC:ACG) ROCE % : 10.33% (As of Mar. 2024)

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What is Cuong Wood - Working 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. Cuong Wood - Working JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.33%.

Cuong Wood - Working JSC ROCE % Historical Data

The historical data trend for Cuong Wood - Working 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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Cuong Wood - Working JSC ROCE % Chart

Cuong Wood - Working JSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

16.94

16.66

15.54

20.33

14.27

Cuong Wood - Working JSC Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									6.17	14.60	16.60	19.46	10.33

Cuong Wood - Working JSC ROCE % Calculation

Cuong Wood - Working 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 )
	=	578984.295	/	( ( (5467207.016 - 1542319.419)	+	(5522084.036 - 1333507.313) )	/ 2 )
	=	578984.295	/	( (3924887.597	+	4188576.723)	/ 2 )
	=	578984.295	/	4056732.16
	=	14.27 %

Cuong Wood - Working 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 )
	=	436941.436	/	( ( (5522084.036 - 1333507.313)	+	(5700310.015 - 1429699.861) )	/ 2 )
	=	436941.436	/	( ( 4188576.723	+	4270610.154 )	/ 2 )
	=	436941.436	/	4229593.4385
	=	10.33 %

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

Cuong Wood - Working JSC (STC:ACG) 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.

Cuong Wood - Working JSC ROCE % Related Terms

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Cuong Wood - Working JSC (STC:ACG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cuong Wood - Working JSC (STC:ACG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

DT 747B Street, Plot 681, map sheet 05, Phuoc Hai Ward, Thai Hoa Ward,, Binh Duong Province,, Tan Uyen Town, VNM

Website

https://www.ancuong.com

Cuong Wood - Working JSC manufacture woodworking and decorative materials. It engages in sawing, planing and preserving wood.; Manufacture of beds, cabinets, tables, and chairs; Processing of interior decoration products; Producing plywood, veneer, plywood, and other thin boards. Its products comprise MFC, Melamine MDF, laminates, acrylic, veneer, and other by-products.

Cuong Wood - Working JSC (STC:ACG) Headlines

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