Bao Viet Securities JSC (HSTC:BVS) ROCE % : 13.39% (As of Sep. 2023)

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What is Bao Viet Securities 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. Bao Viet Securities JSC's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.39%.

Bao Viet Securities JSC ROCE % Historical Data

The historical data trend for Bao Viet Securities 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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Bao Viet Securities JSC ROCE % Chart

Bao Viet Securities JSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.07

9.02

8.86

21.50

14.09

Bao Viet Securities JSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															13.30	13.55	10.89	22.53	13.39

Bao Viet Securities JSC ROCE % Calculation

Bao Viet Securities JSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	315711.395	/	( ( (5719297.484 - 3436050.703)	+	(3857650.84 - 1658279.74) )	/ 2 )
	=	315711.395	/	( (2283246.781	+	2199371.1)	/ 2 )
	=	315711.395	/	2241308.9405
	=	14.09 %

Bao Viet Securities JSC'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 )
	=	314313.796	/	( ( (5033311.434 - 2711846.49)	+	(4674255.442 - 2300229.577) )	/ 2 )
	=	314313.796	/	( ( 2321464.944	+	2374025.865 )	/ 2 )
	=	314313.796	/	2347745.4045
	=	13.39 %

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

Bao Viet Securities JSC (HSTC:BVS) 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.

Bao Viet Securities JSC ROCE % Related Terms

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Bao Viet Securities JSC (HSTC:BVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bao Viet Securities JSC (HSTC:BVS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Le Thai To, Hoan Kiem District, Hanoi, VNM

Website

http://www.bvsc.com.vn

Bao Viet Securities JSC provides brokerage service, custodian service, proprietary trading, underwriting, corporate finance, and investment advisory service. It provides professional fiscal and investment services to domestic and foreign individuals and institutions, investment funds and banks.