DHG Pharmaceutical JSC (STC:DHG) ROCE % : 25.01% (As of Dec. 2023)

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What is DHG Pharmaceutical 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. DHG Pharmaceutical JSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.01%.

DHG Pharmaceutical JSC ROCE % Historical Data

The historical data trend for DHG Pharmaceutical 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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DHG Pharmaceutical JSC ROCE % Chart

DHG Pharmaceutical JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.14

23.61

23.42

27.08

25.62

DHG Pharmaceutical JSC 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															24.87	34.83	25.73	17.28	25.01

DHG Pharmaceutical JSC ROCE % Calculation

DHG Pharmaceutical 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 )
	=	1188703.89	/	( ( (5168186.503 - 811536.702)	+	(6110474.221 - 1189241.981) )	/ 2 )
	=	1188703.89	/	( (4356649.801	+	4921232.24)	/ 2 )
	=	1188703.89	/	4638941.0205
	=	25.62 %

DHG Pharmaceutical JSC'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 )
	=	1198441.384	/	( ( (5989488.997 - 1328931)	+	(6110474.221 - 1189241.981) )	/ 2 )
	=	1198441.384	/	( ( 4660557.997	+	4921232.24 )	/ 2 )
	=	1198441.384	/	4790895.1185
	=	25.01 %

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

DHG Pharmaceutical JSC (STC:DHG) 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.

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DHG Pharmaceutical JSC (STC:DHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » DHG Pharmaceutical JSC (STC:DHG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

288 Bis Nguyen Van Cu, An Hoa Ward, Ninh Kieu District, Can Tho, VNM

Website

https://www.dhgpharma.com.vn

DHG Pharmaceutical JSC produces and trades in pharmaceutical products. It provides various pharmaceutical products in the areas of antibiotic, antifungal, and antiparasitic; analgesic and antipyretic; ear-nose-throat, cough, and asthma; ophthalmic and nervous system; muscular and osteoarticular; digestive; hepatic; cardiovascular and diabetic; vitamins and minerals; and dermal and beauty care.