PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) ROCE % : 17.86% (As of Dec. 2023)

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What is PT Ultrajaya Milk Industry & Trading Co Tbk 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. PT Ultrajaya Milk Industry & Trading Co Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.86%.

PT Ultrajaya Milk Industry & Trading Co Tbk ROCE % Historical Data

The historical data trend for PT Ultrajaya Milk Industry & Trading Co Tbk'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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PT Ultrajaya Milk Industry & Trading Co Tbk ROCE % Chart

PT Ultrajaya Milk Industry & Trading Co Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.75

23.76

28.90

23.93

24.42

PT Ultrajaya Milk Industry & Trading Co Tbk 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															14.13	31.13	21.90	27.47	17.86

PT Ultrajaya Milk Industry & Trading Co Tbk ROCE % Calculation

PT Ultrajaya Milk Industry & Trading Co Tbk'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 )
	=	1554133	/	( ( (7376375 - 1456898)	+	(7523956 - 713393) )	/ 2 )
	=	1554133	/	( (5919477	+	6810563)	/ 2 )
	=	1554133	/	6365020
	=	24.42 %

PT Ultrajaya Milk Industry & Trading Co Tbk'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 )
	=	1192504	/	( ( (7714774 - 1170437)	+	(7523956 - 713393) )	/ 2 )
	=	1192504	/	( ( 6544337	+	6810563 )	/ 2 )
	=	1192504	/	6677450
	=	17.86 %

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

PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) 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.

PT Ultrajaya Milk Industry & Trading Co Tbk ROCE % Related Terms

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PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jalan Raya Cimareme 131, Padalarang, Kabupaten Bandung Barat, Bandung, IDN, 40552

Website

https://www.ultrajaya.co.id

PT Ultrajaya Milk Industry & Trading Co Tbk is in the business of producing dairy products, beverages, and healthy drink products with ultra-high temperature technology and aseptic packaging. Its products are Freshmilk, Tea drink, Health drinks, Sweetened condensed creamer, and others. The firm has Beverages and Food operating segments. It derives the majority of its revenues from the Beverages segment.

PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) Headlines

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