PetroVietnam Gas JSC (STC:GAS) ROCE % : 17.71% (As of Mar. 2024)

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What is PetroVietnam Gas 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. PetroVietnam Gas JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.71%.

PetroVietnam Gas JSC ROCE % Historical Data

The historical data trend for PetroVietnam Gas 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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PetroVietnam Gas JSC ROCE % Chart

PetroVietnam Gas JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.65

19.08

19.90

28.92

20.96

PetroVietnam Gas 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															24.09	21.94	17.92	19.33	17.71

PetroVietnam Gas JSC ROCE % Calculation

PetroVietnam Gas 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 )
	=	14979518.266	/	( ( (82662652.366 - 12487956.921)	+	(87754455.33 - 14971948.872) )	/ 2 )
	=	14979518.266	/	( (70174695.445	+	72782506.458)	/ 2 )
	=	14979518.266	/	71478600.9515
	=	20.96 %

PetroVietnam Gas 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 )
	=	13116042.796	/	( ( (87754455.33 - 14971948.872)	+	(91775937.313 - 16434181.173) )	/ 2 )
	=	13116042.796	/	( ( 72782506.458	+	75341756.14 )	/ 2 )
	=	13116042.796	/	74062131.299
	=	17.71 %

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

PetroVietnam Gas JSC (STC:GAS) 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.

PetroVietnam Gas JSC ROCE % Related Terms

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PetroVietnam Gas JSC (STC:GAS) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroVietnam Gas JSC (STC:GAS) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 673 Nguyen Huu Tho Street, 12th, 12Ath, 14th, 15th Floor, PV Gas Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City, VNM

Website

https://www.pvgas.com.vn

PetroVietnam Gas JSC is a Vietnam-based company which is active in the oil and gas industry. The principal activities of the company are to collect, import, transport, store, process, distribute, trade gas and gas products. It is engaged in distributing, trading gas and dry gas products, LNG (liquefied natural gas), CNG (Compressed natural gas), LPG (Liquefied Petroleum Gas) and condensates for industrial and household use as well as managing, operating, maintaining and restoring all gas works. The company also provides services in the gas industry such as renovating, maintaining, and restoring engines, installing conversion equipment for means of transport and agriculture, forestry and others. It operates its business across the Vietnam.