The Southern Rubber Industry JSC (STC:CSM) ROCE % : 15.27% (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is The Southern Rubber Industry 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. The Southern Rubber Industry JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.27%.

The Southern Rubber Industry JSC ROCE % Historical Data

The historical data trend for The Southern Rubber Industry 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.

* Premium members only.

The Southern Rubber Industry JSC ROCE % Chart

The Southern Rubber Industry JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

12.18

15.22

11.10

15.49

15.88

The Southern Rubber Industry JSC 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															12.39	16.55	17.50	17.30	15.27

The Southern Rubber Industry JSC ROCE % Calculation

The Southern Rubber Industry 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 )
	=	228647.365	/	( ( (4204237.007 - 2751263.29)	+	(3884300.875 - 2458352.535) )	/ 2 )
	=	228647.365	/	( (1452973.717	+	1425948.34)	/ 2 )
	=	228647.365	/	1439461.0285
	=	15.88 %

The Southern Rubber Industry 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 )
	=	218567.196	/	( ( (3884300.875 - 2458352.535)	+	(3770012.603 - 2333852.762) )	/ 2 )
	=	218567.196	/	( ( 1425948.34	+	1436159.841 )	/ 2 )
	=	218567.196	/	1431054.0905
	=	15.27 %

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

The Southern Rubber Industry JSC (STC:CSM) 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.

The Southern Rubber Industry JSC ROCE % Related Terms

Thank you for viewing the detailed overview of The Southern Rubber Industry JSC's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

The Southern Rubber Industry JSC (STC:CSM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Southern Rubber Industry JSC (STC:CSM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Nguyen Thi Minh Khai street, Ward 6, District 3, Ho Chi Minh City, VNM

Website

http://www.casumina.com

The Southern Rubber Industry JSC is a Vietnam based manufacturer and seller of tires and tubes. The company offers trucks and light trucks tires and tubes, motorcycle tires and tubes, passenger car radial tires, bicycle tires and tubes, industrial tires and tubes, electric vehicle tires and tubes, specific tires and tubes, and other products. The organization has a business presence in Vietnam and other countries.