{"id":21627,"date":"2023-12-06T02:49:26","date_gmt":"2023-12-06T02:49:26","guid":{"rendered":"https:\/\/masterskills.org\/blog\/roic-la-gi-tam-quan-trong-va-cong-thuc-tinh.html"},"modified":"2023-12-22T04:55:47","modified_gmt":"2023-12-21T21:55:47","slug":"roic-la-gi-tam-quan-trong-va-cong-thuc-tinh","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/roic-la-gi-tam-quan-trong-va-cong-thuc-tinh.html","title":{"rendered":"ROIC l\u00e0 g\u00ec? T\u1ea7m quan tr\u1ecdng v\u00e0 c\u00f4ng th\u1ee9c t\u00ednh"},"content":{"rendered":"
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<\/figure>\n

ROIC l\u00e0 g\u00ec<\/strong>?<\/span><\/h2>\n

ROIC l\u00e0 t\u1eeb vi\u1ebft t\u1eaft c\u1ee7a Return on Invested Capital<\/strong>, \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 t\u1ef7 su\u1ea5t sinh l\u1eddi ho\u1eb7c hi\u1ec7u su\u1ea5t nh\u1eb1m m\u1ee5c \u0111\u00edch \u0111o l\u01b0\u1eddng t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m l\u1ee3i nhu\u1eadn m\u00e0 m\u1ed9t c\u00f4ng ty ki\u1ebfm \u0111\u01b0\u1ee3c tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0.\u00a0<\/p>\n

\n

\u201cROIC cho th\u1ea5y m\u1ed9t c\u00f4ng ty \u0111ang s\u1eed d\u1ee5ng ti\u1ec1n c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec3 t\u1ea1o thu nh\u1eadp hi\u1ec7u qu\u1ea3 nh\u01b0 th\u1ebf n\u00e0o.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

\u00a0<\/p>\n

C\u00e1c th\u00e0nh ph\u1ea7n c\u1ee7a ROIC<\/strong><\/span><\/h2>\n

C\u00f3 hai th\u00e0nh ph\u1ea7n t\u1ea1o n\u00ean ph\u01b0\u01a1ng tr\u00ecnh \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 t\u00ednh ROIC c\u1ee7a m\u1ed9t doanh nghi\u1ec7p.<\/p>\n

L\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng r\u00f2ng sau thu\u1ebf (NOPAT)<\/strong><\/span><\/h3>\n

NOPAT \u2013 Net Operating Profit After Taxes l\u00e0 ti\u1ec1n m\u1eb7t sau thu\u1ebf do m\u1ed9t c\u00f4ng ty t\u1ea1o ra v\u00e0 s\u1eb5n s\u00e0ng \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0, c\u1ea3 c\u1ed5 \u0111\u00f4ng v\u00e0 ng\u01b0\u1eddi th\u00e0nh l\u1eadp. \u0110\u1ed1i v\u1edbi ph\u00e2n t\u00edch t\u00e0i ch\u00ednh ho\u1eb7c \u0111\u1ecbnh gi\u00e1 b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0, c\u00e1c c\u00f4ng ty th\u01b0\u1eddng \u0111\u01b0\u1ee3c so s\u00e1nh b\u1eb1ng thu nh\u1eadp r\u00f2ng.<\/p>\n

Thu nh\u1eadp r\u00f2ng l\u00e0 d\u00f2ng d\u01b0\u1edbi c\u00f9ng c\u1ee7a b\u00e1o c\u00e1o thu nh\u1eadp c\u1ee7a c\u00f4ng ty. Thu nh\u1eadp r\u00f2ng l\u00e0 quan tr\u1ecdng, nh\u01b0ng n\u00f3 kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng ph\u1ea3n \u00e1nh hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng th\u1ef1c s\u1ef1 c\u1ee7a c\u00f4ng ty ho\u1eb7c hi\u1ec7u qu\u1ea3 c\u1ee7a c\u00e1c nh\u00e0 qu\u1ea3n l\u00fd.<\/p>\n

M\u1ed9t th\u01b0\u1edbc \u0111o t\u1ed1t h\u01a1n l\u00e0 NOPAT v\u00ec \u0111\u00e2y l\u00e0 l\u1ee3i nhu\u1eadn m\u00e0 m\u1ed9t c\u00f4ng ty t\u1ea1o ra m\u00e0 kh\u00f4ng t\u00ednh \u0111\u1ebfn c\u00e1c kho\u1ea3n n\u1ee3 ho\u1eb7c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh kh\u00e1c.<\/p>\n

V\u1ed1n \u0111\u1ea7u t\u01b0<\/strong><\/span><\/h3>\n

V\u1ed1n \u0111\u1ea7u t\u01b0 l\u00e0 kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t c\u00f4ng ty kinh doanh trong su\u1ed1t th\u1eddi gian t\u1ed3n t\u1ea1i c\u1ee7a n\u00f3. C\u00e1c c\u1ed5 \u0111\u00f4ng \u0111\u1ea7u t\u01b0 v\u00e0o c\u1ed5 phi\u1ebfu c\u1ee7a doanh nghi\u1ec7p, trong khi nh\u1eefng ng\u01b0\u1eddi th\u00e0nh l\u1eadp \u0111\u1ea7u t\u01b0 v\u00e0o n\u1ee3 ng\u1eafn h\u1ea1n ho\u1eb7c d\u00e0i h\u1ea1n c\u1ee7a n\u00f3, bao g\u1ed3m c\u1ea3 tr\u00e1i phi\u1ebfu.<\/p>\n

V\u1ed1n \u0111\u1ea7u t\u01b0 ph\u1ee5c v\u1ee5 hai m\u1ee5c \u0111\u00edch cho doanh nghi\u1ec7p: N\u00f3 t\u00e0i tr\u1ee3 cho c\u00e1c ho\u1ea1t \u0111\u1ed9ng h\u00e0ng ng\u00e0y v\u00e0 c\u0169ng cho ph\u00e9p doanh nghi\u1ec7p th\u1ef1c hi\u1ec7n c\u00e1c d\u1ef1 \u00e1n l\u1eadp ng\u00e2n s\u00e1ch v\u1ed1n, bao g\u1ed3m m\u1edf r\u1ed9ng v\u00e0 mua c\u00e1c t\u00e0i s\u1ea3n c\u1ed1 \u0111\u1ecbnh l\u1edbn.<\/p>\n

C\u00f4ng th\u1ee9c t\u00ednh l\u1ee3i t\u1ee9c tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0<\/p>\n

L\u1ee3i t\u1ee9c tr\u00ean V\u1ed1n \u0111\u1ea7u t\u01b0 = NOPAT \/ V\u1ed1n \u0111\u1ea7u t\u01b0<\/p>\n

Trong \u0111\u00f3:<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 NOPAT l\u00e0 l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty tr\u1eeb \u0111i c\u00e1c kho\u1ea3n thu\u1ebf thu nh\u1eadp.<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0 NOPAT = EBIT (1-t) trong \u0111\u00f3 EBIT l\u00e0 Thu nh\u1eadp tr\u01b0\u1edbc l\u00e3i vay v\u00e0 thu\u1ebf<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 V\u1ed1n \u0111\u1ea7u t\u01b0 l\u00e0 t\u1ed5ng s\u1ed1 v\u1ed1n \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ty c\u1ee7a c\u1ea3 c\u1ed5 \u0111\u00f4ng v\u00e0 ng\u01b0\u1eddi cho vay.<\/p>\n

V\u1ed1n \u0111\u1ea7u t\u01b0 = N\u1ee3 + V\u1ed1n ch\u1ee7 s\u1edf h\u1eefu \u2013 Ti\u1ec1n v\u00e0 c\u00e1c kho\u1ea3n t\u01b0\u01a1ng \u0111\u01b0\u01a1ng ti\u1ec1n<\/p>\n

\u0110\u00e2y l\u00e0 m\u1ed9t c\u00f4ng th\u1ee9c kh\u00e1 \u0111\u01a1n gi\u1ea3n. V\u00ec c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng s\u1eed d\u1ee5ng c\u00f4ng th\u1ee9c n\u00e0y \u0111\u1ec3 \u0111o l\u01b0\u1eddng l\u1ee3i t\u1ee9c c\u1ee7a s\u1ed1 ti\u1ec1n h\u1ecd b\u1ecf v\u00e0o c\u00f4ng ty v\u00e0 c\u1ed5 t\u1ee9c \u0111\u01b0\u1ee3c tr\u1ea3 l\u1ea1i cho c\u1ed5 \u0111\u00f4ng, c\u1ed5 t\u1ee9c ph\u1ea3i \u0111\u01b0\u1ee3c lo\u1ea1i b\u1ecf kh\u1ecfi thu nh\u1eadp r\u00f2ng trong t\u1eed s\u1ed1.<\/p>\n

T\u01b0\u01a1ng t\u1ef1 nh\u01b0 v\u1eady, m\u1eabu s\u1ed1 kh\u00f4ng bao g\u1ed3m t\u1ea5t c\u1ea3 c\u00e1c lo\u1ea1i v\u1ed1n. Ch\u1ec9 bao g\u1ed3m v\u1ed1n \u0111\u1ea7u t\u01b0. B\u1eb1ng c\u00e1ch n\u00e0y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c m\u1ed9t b\u1ee9c tranh ch\u00ednh x\u00e1c v\u1ec1 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty v\u00e0 \u0111o l\u01b0\u1eddng l\u1ee3i t\u1ee9c \u0111\u1ea7u t\u01b0 c\u1ee7a h\u1ecd.<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 ROIC<\/p>\n

X l\u00e0 m\u1ed9t doanh nghi\u1ec7p gia \u0111\u00ecnh, b\u00e1n \u0111\u1ed3 d\u00f9ng ngo\u00e0i tr\u1eddi v\u00e0 c\u00e2u c\u00e1. A v\u00e0 B l\u00e0 ch\u1ee7 s\u1edf h\u1eefu doanh nghi\u1ec7p, nh\u01b0ng h\u1ecd mu\u1ed1n huy \u0111\u1ed9ng th\u00eam v\u1ed1n b\u1eb1ng c\u00e1ch cho ph\u00e9p C \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ty.<\/p>\n

C l\u00e0 m\u1ed9t k\u1ebf to\u00e1n v\u00e0 nh\u00e0 ph\u00e2n t\u00edch t\u00e0i ch\u00ednh v\u00e0 mu\u1ed1n bi\u1ebft th\u00eam v\u1ec1 c\u00f4ng vi\u1ec7c kinh doanh n\u00e0y tr\u01b0\u1edbc khi tham gia. C\u1ee5 th\u1ec3, C \u0111\u00e3 h\u1ecfi nh\u1eefng th\u00f4ng tin ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00f4ng ty v\u00e0o n\u0103m tr\u01b0\u1edbc, bao g\u1ed3m:<\/p>\n

Thu nh\u1eadp r\u00f2ng: 500 ng\u00e0n \u0111\u00f4<\/p>\n

C\u1ed5 t\u1ee9c: 10 ng\u00e0n \u0111\u00f4<\/p>\n

T\u1ed5ng v\u1ed1n \u0111\u1ea7u t\u01b0: 75 ng\u00e0n \u0111\u00f4<\/p>\n

S\u1eed d\u1ee5ng d\u1eef li\u1ec7u \u1edf tr\u00ean, C c\u00f3 th\u1ec3 t\u00ednh to\u00e1n ROIC c\u1ee7a c\u00f4ng ty X nh\u01b0 sau:<\/p>\n

ROIC = (50,000\u221210,000)\/ 75,000 = 53.33<\/p>\n

\u0110i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a l\u00e0 c\u1ee9 m\u1ed7i \u0111\u00f4 la \u0111\u1ea7u t\u01b0 v\u00e0o c\u00f4ng ty, n\u00f3 t\u1ea1o ra 53 xu thu nh\u1eadp. T\u00f9y thu\u1ed9c v\u00e0o ng\u00e0nh, \u0111\u00e2y c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c coi l\u00e0 l\u1ee3i nhu\u1eadn cao.<\/p>\n

ROIC c\u00f3 \u00fd ngh\u0129a g\u00ec \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p c\u1ee7a b\u1ea1n<\/strong><\/span><\/h2>\n

M\u1ee5c \u0111\u00edch c\u1ee7a vi\u1ec7c t\u00ednh to\u00e1n ROIC l\u00e0 g\u00ec? D\u01b0\u1edbi \u0111\u00e2y l\u00e0 m\u1ed9t s\u1ed1 l\u1ee3i \u00edch.<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ROIC cho ng\u01b0\u1eddi qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh c\u1ee7a m\u1ed9t doanh nghi\u1ec7p bi\u1ebft c\u00f4ng ty \u0111ang s\u1eed d\u1ee5ng ti\u1ec1n c\u1ee7a m\u00ecnh nh\u01b0 th\u1ebf n\u00e0o \u0111\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn ho\u1eb7c l\u1ee3i nhu\u1eadn.<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ROIC cung c\u1ea5p cho nh\u00e0 qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh m\u1ed9t s\u1ed1 th\u00f4ng tin chi ti\u1ebft v\u1ec1 vi\u1ec7c li\u1ec7u c\u00f4ng ty c\u00f3 \u0111\u1ea7u t\u01b0 sinh l\u1eddi cho t\u01b0\u01a1ng lai hay kh\u00f4ng. N\u1ebfu kh\u00f4ng, c\u00f4ng ty c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n c\u00e1c \u0111i\u1ec1u ch\u1ec9nh c\u1ea7n thi\u1ebft.<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 C\u00e1c nh\u00e0 qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh c\u00f3 th\u1ec3 xem x\u00e9t c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 thu \u0111\u01b0\u1ee3c ROE (t\u1ef7 su\u1ea5t l\u1ee3i t\u1ee9c tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu) v\u00e0 th\u00f4ng qua ROIC \u0111\u1ec3 \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh t\u1ed1t h\u01a1n.<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ROIC c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c so s\u00e1nh v\u1edbi chi ph\u00ed v\u1ed1n b\u00ecnh qu\u00e2n gia quy\u1ec1n (WACC) c\u1ee7a c\u00f4ng ty. V\u00ec WACC l\u00e0 chi ph\u00ed trung b\u00ecnh sau thu\u1ebf tr\u00ean v\u1ed1n c\u1ee7a m\u1ed9t c\u00f4ng ty, n\u00ean n\u00f3 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c so s\u00e1nh v\u1edbi ROIC.<\/p>\n

N\u1ebfu ROIC l\u1edbn h\u01a1n WACC, th\u00ec ng\u01b0\u1eddi qu\u1ea3n l\u00fd t\u00e0i ch\u00ednh bi\u1ebft r\u1eb1ng h\u1ecd \u0111ang t\u1ea1o ra gi\u00e1 tr\u1ecb trong doanh nghi\u1ec7p. N\u1ebfu \u00edt h\u01a1n, ch\u00fang \u0111ang gi\u1ea3m gi\u00e1 tr\u1ecb v\u1edbi c\u00e1c l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh v\u00e0 n\u00ean \u0111i\u1ec1u ch\u1ec9nh c\u00e1c th\u00f4ng s\u1ed1.<\/p>\n

\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Khi \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t doanh nghi\u1ec7p, cho d\u00f9 v\u1edbi t\u01b0 c\u00e1ch l\u00e0 ng\u01b0\u1eddi \u0111i\u1ec1u h\u00e0nh c\u1ee7a m\u1ed9t c\u00f4ng ty nh\u1ecf hay v\u1edbi t\u01b0 c\u00e1ch l\u00e0 c\u1ed5 \u0111\u00f4ng trong m\u1ed9t t\u1eadp \u0111o\u00e0n qu\u1ed1c t\u1ebf, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u1ecbnh l\u01b0\u1ee3ng l\u1ee3i t\u1ee9c \u0111\u1ea7u t\u01b0 h\u00e0ng n\u0103m c\u1ee7a h\u1ecd \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh xem n\u00f3 c\u00f3 \u0111\u00e1ng \u0111\u1ec3 ti\u1ebfp t\u1ee5c t\u00e0i tr\u1ee3 hay kh\u00f4ng.<\/p>\n

S\u1ef1 kh\u00e1c bi\u1ec7t gi\u1eefa ROCE, ROI v\u00e0 ROE v\u1edbi ROIC l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

M\u1eb7c d\u00f9 l\u1ee3i t\u1ee9c tr\u00ean v\u1ed1n s\u1eed d\u1ee5ng lao \u0111\u1ed9ng (ROCE), l\u1ee3i t\u1ee9c \u0111\u1ea7u t\u01b0 (ROI) v\u00e0 l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (ROE) l\u00e0 nh\u1eefng t\u1ef7 s\u1ed1 t\u00e0i ch\u00ednh c\u00f3 v\u1ebb t\u01b0\u01a1ng t\u1ef1 nhau so v\u1edbi l\u1ee3i nhu\u1eadn tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0 (ROIC), nh\u01b0ng c\u00f3 s\u1ef1 kh\u00e1c bi\u1ec7t c\u01a1 b\u1ea3n gi\u1eefa ROIC v\u00e0 c\u00e1c t\u1ef7 s\u1ed1 n\u00e0y.<\/p>\n

ROIC so v\u1edbi ROCE\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong>\u00a0\u00a0<\/span><\/h3>\n

Kh\u00e1c bi\u1ec7t ch\u00ednh gi\u1eefa ROIC v\u00e0 l\u1ee3i t\u1ee9c tr\u00ean v\u1ed1n s\u1eed d\u1ee5ng lao \u0111\u1ed9ng (ROCE) l\u00e0 lo\u1ea1i v\u1ed1n \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng l\u00e0m m\u1eabu s\u1ed1 trong t\u00ednh to\u00e1n. Trong khi ROIC l\u1ea5y l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng r\u00f2ng chia cho v\u1ed1n \u0111\u1ea7u t\u01b0, th\u00ec ROCE l\u1ea5y l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng r\u00f2ng chia cho v\u1ed1n s\u1eed d\u1ee5ng.<\/p>\n

V\u1ed1n \u0111\u1ea7u t\u01b0 l\u00e0 m\u1ed9t t\u1eadp h\u1ee3p con c\u1ee7a v\u1ed1n s\u1eed d\u1ee5ng, v\u00ec v\u1ed1n \u0111\u1ea7u t\u01b0 to\u00e0n di\u1ec7n h\u01a1n. M\u1ed9t \u0111i\u1ec3m kh\u00e1c bi\u1ec7t n\u1eefa l\u00e0 ROCE th\u01b0\u1eddng s\u1eed d\u1ee5ng gi\u00e1 tr\u1ecb s\u1ed5 s\u00e1ch sau thu\u1ebf v\u00e0 ROIC th\u01b0\u1eddng s\u1eed d\u1ee5ng s\u1ed1 ti\u1ec1n tr\u01b0\u1edbc thu\u1ebf.<\/p>\n

ROIC so v\u1edbi ROI<\/strong><\/span><\/h3>\n

Trong khi ROIC xem x\u00e9t t\u1ea5t c\u1ea3 c\u00e1c ho\u1ea1t \u0111\u1ed9ng m\u00e0 m\u1ed9t c\u00f4ng ty th\u1ef1c hi\u1ec7n \u0111\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn, th\u00ec l\u1ee3i t\u1ee9c \u0111\u1ea7u t\u01b0 (ROI) t\u1eadp trung v\u00e0o m\u1ed9t ho\u1ea1t \u0111\u1ed9ng duy nh\u1ea5t. B\u1ea1n nh\u1eadn \u0111\u01b0\u1ee3c ROI b\u1eb1ng c\u00e1ch chia l\u1ee3i nhu\u1eadn t\u1eeb ho\u1ea1t \u0111\u1ed9ng \u0111\u01a1n l\u1ebb \u0111\u00f3 cho chi ph\u00ed \u0111\u1ea7u t\u01b0.<\/p>\n

M\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t kh\u00e1c l\u00e0 ROIC th\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u00ednh trong kho\u1ea3ng th\u1eddi gian 12 th\u00e1ng, trong khi ROI kh\u00f4ng c\u00f3 kho\u1ea3ng th\u1eddi gian chu\u1ea9n \u0111\u1ec3 t\u00ednh to\u00e1n.<\/p>\n

ROIC so v\u1edbi ROE<\/strong><\/span><\/h3>\n

T\u1ef7 su\u1ea5t sinh l\u1eddi tr\u00ean v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu (ROE) cho b\u1ea1n bi\u1ebft m\u1ed9t c\u00f4ng ty \u0111ang thu \u0111\u01b0\u1ee3c bao nhi\u00eau l\u1ee3i nhu\u1eadn so v\u1edbi gi\u00e1 tr\u1ecb c\u1ee7a t\u00e0i s\u1ea3n sau khi tr\u1eeb \u0111i c\u00e1c kho\u1ea3n n\u1ee3. Kh\u00f4ng gi\u1ed1ng nh\u01b0 ROE, ROIC t\u1eadp trung v\u00e0o l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c t\u1ea1o ra b\u1edfi c\u1ea3 v\u1ed1n ch\u1ee7 s\u1edf h\u1eefu v\u00e0 c\u00e1c kho\u1ea3n n\u1ee3.<\/p>\n

B\u00e2y gi\u1edd b\u1ea1n \u0111\u00e3 hi\u1ec3u ROIC l\u00e0 g\u00ec v\u00e0 s\u1ef1 kh\u00e1c bi\u1ec7t v\u1edbi c\u00e1c t\u1ef7 s\u1ed1 kh\u00e1c r\u1ed3i ph\u1ea3i kh\u00f4ng? Mong r\u1eb1ng b\u1ea1n \u0111\u00e3 c\u00f3 \u0111\u01b0\u1ee3c c\u00e1c th\u00f4ng tin th\u1eadt h\u1eefu \u00edch.<\/p>\n

Hu\u1ef3nh Tr\u00e2m<\/strong><\/p>\n

<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

ROIC l\u00e0 g\u00ec? ROIC l\u00e0 t\u1eeb vi\u1ebft t\u1eaft c\u1ee7a Return on Invested Capital, \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 t\u1ef7 su\u1ea5t sinh l\u1eddi ho\u1eb7c hi\u1ec7u su\u1ea5t nh\u1eb1m m\u1ee5c \u0111\u00edch \u0111o l\u01b0\u1eddng t\u1ef7 l\u1ec7 ph\u1ea7n tr\u0103m l\u1ee3i nhu\u1eadn m\u00e0 m\u1ed9t c\u00f4ng ty ki\u1ebfm \u0111\u01b0\u1ee3c tr\u00ean v\u1ed1n \u0111\u1ea7u t\u01b0.\u00a0 \u201cROIC cho th\u1ea5y m\u1ed9t c\u00f4ng ty \u0111ang s\u1eed d\u1ee5ng ti\u1ec1n c\u1ee7a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[429],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21627"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=21627"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21627\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=21627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=21627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=21627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}