SSI Securities (STC:SSI) ROCE % : 18.25% (As of Dec. 2023)

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What is SSI Securities 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. SSI Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.25%.

SSI Securities ROCE % Historical Data

The historical data trend for SSI Securities'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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SSI Securities ROCE % Chart

SSI Securities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.86

23.70

36.61

17.45

19.55

SSI Securities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.85	17.96	20.39	22.34	18.25

SSI Securities ROCE % Calculation

SSI Securities'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 )
	=	4472126.906	/	( ( (52226382.886 - 29788710.759)	+	(69241327.103 - 45939117.288) )	/ 2 )
	=	4472126.906	/	( (22437672.127	+	23302209.815)	/ 2 )
	=	4472126.906	/	22869940.971
	=	19.55 %

SSI Securities's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4203294.156	/	( ( (55282453.823 - 32516696.345)	+	(69241327.103 - 45939117.288) )	/ 2 )
	=	4203294.156	/	( ( 22765757.478	+	23302209.815 )	/ 2 )
	=	4203294.156	/	23033983.6465
	=	18.25 %

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

SSI Securities (STC:SSI) 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.

SSI Securities ROCE % Related Terms

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SSI Securities (STC:SSI) Business Description

Industry

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

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Address

72 Nguyen Hue Street, Ben Nghe Ward, District 1, Hochiminh City, VNM

Website

https://www.ssi.com.vn

SSI Securities Corp provides securities services, asset management, and investment banking. Securities services are the core business line of the company with the products and services such as securities brokerage, securities depository and securities investment capital origination aimed at local, foreign retail and individual investors. Its products and services are brokerage services, IPO services, financing services, transaction support, fund management, portfolio management and value-added services, capital raising, debt instrument issuance, M&A, identifying strategic partners to equitization advisory and listing advisory.

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