Thac Mo Hydro Power JSC (STC:TMP) ROCE % : 11.58% (As of Mar. 2024)

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What is Thac Mo Hydro Power 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. Thac Mo Hydro Power JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.58%.

Thac Mo Hydro Power JSC ROCE % Historical Data

The historical data trend for Thac Mo Hydro Power 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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Thac Mo Hydro Power JSC ROCE % Chart

Thac Mo Hydro Power JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.09

13.36

24.80

38.06

29.57

Thac Mo Hydro Power 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															25.79	31.36	27.53	26.97	11.58

Thac Mo Hydro Power JSC ROCE % Calculation

Thac Mo Hydro Power 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 )
	=	589694.136	/	( ( (2294384.512 - 225759.601)	+	(2145184.862 - 225872.103) )	/ 2 )
	=	589694.136	/	( (2068624.911	+	1919312.759)	/ 2 )
	=	589694.136	/	1993968.835
	=	29.57 %

Thac Mo Hydro Power 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 )
	=	208476.96	/	( ( (2145184.862 - 225872.103)	+	(1820307.784 - 139354.029) )	/ 2 )
	=	208476.96	/	( ( 1919312.759	+	1680953.755 )	/ 2 )
	=	208476.96	/	1800133.257
	=	11.58 %

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

Thac Mo Hydro Power JSC (STC:TMP) 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.

Thac Mo Hydro Power JSC ROCE % Related Terms

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Thac Mo Hydro Power JSC (STC:TMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Thac Mo Hydro Power JSC (STC:TMP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Area 5, Phuoc Long Town, Binh Phuoc Province, Ho Chi Minh City, VNM

Website

http://www.tmhpp.com.vn

Thac Mo Hydro Power JSC is a Vietnam based company engaged in the business activity of generating and trading electricity. It also trades hydroelectrical equipment and maintains and operates a power plant. The other activities in which the organization is involved are investing in power source projects and Consulting on the establishment, management and supervision of construction projects.