Vinacomin - Power Holding (HSTC:DTK) ROCE % : 12.57% (As of Mar. 2024)

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What is Vinacomin - Power Holding 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. Vinacomin - Power Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.57%.

Vinacomin - Power Holding ROCE % Historical Data

The historical data trend for Vinacomin - Power Holding'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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Vinacomin - Power Holding ROCE % Chart

Vinacomin - Power Holding Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

10.56

9.35

9.17

Vinacomin - Power Holding Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						15.45	11.08	4.35	8.52	12.57

Vinacomin - Power Holding ROCE % Calculation

Vinacomin - Power Holding'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 )
	=	986848.899	/	( ( (16670806.4 - 5338833.591)	+	(16498173.804 - 6312694.145) )	/ 2 )
	=	986848.899	/	( (11331972.809	+	10185479.659)	/ 2 )
	=	986848.899	/	10758726.234
	=	9.17 %

Vinacomin - Power Holding'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 )
	=	1271822.344	/	( ( (16498173.804 - 6312694.145)	+	(16443847.652 - 6385550.893) )	/ 2 )
	=	1271822.344	/	( ( 10185479.659	+	10058296.759 )	/ 2 )
	=	1271822.344	/	10121888.209
	=	12.57 %

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

Vinacomin - Power Holding (HSTC:DTK) 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.

Vinacomin - Power Holding ROCE % Related Terms

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Vinacomin - Power Holding (HSTC:DTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Vinacomin - Power Holding Corp (HSTC:DTK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 78 Duy Tan street, Dich Vong Hiep ward, 2 floor, Sannam building, Cau Giay district, Ha Noi, VNM

Website

http://www.vinacominpower.vn

Vinacomin - Power Holding Corp is engaged in production, transmission, and selling of electricity. The company invests, constructs, exploits and operates thermal power plants, hydropower plants, electricity using new energy, renewable energy and power grids, power supply systems.

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