PT Indocement Tunggal Prakarsa Tbk (PT Indocement Tunggal Prakarsa Tbk) ROCE % : 6.18% (As of Mar. 2024)

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What is PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.18%.

PT Indocement Tunggal Prakarsa Tbk ROCE % Historical Data

The historical data trend for PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk ROCE % Chart

PT Indocement Tunggal Prakarsa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.77

9.30

10.09

10.46

11.49

PT Indocement Tunggal Prakarsa Tbk 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															9.36	8.10	13.56	14.94	6.18

PT Indocement Tunggal Prakarsa Tbk ROCE % Calculation

PT Indocement Tunggal Prakarsa 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 )
	=	159.37	/	( ( (1634.109 - 306.538)	+	(1923.303 - 477.957) )	/ 2 )
	=	159.37	/	( (1327.571	+	1445.346)	/ 2 )
	=	159.37	/	1386.4585
	=	11.49 %

PT Indocement Tunggal Prakarsa Tbk'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 )
	=	89.812	/	( ( (1923.303 - 477.957)	+	(1866.502 - 406.813) )	/ 2 )
	=	89.812	/	( ( 1445.346	+	1459.689 )	/ 2 )
	=	89.812	/	1452.5175
	=	6.18 %

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

PT Indocement Tunggal Prakarsa Tbk (OTCPK:PITPY) 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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PT Indocement Tunggal Prakarsa Tbk (PT Indocement Tunggal Prakarsa Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Indocement Tunggal Prakarsa Tbk (OTCPK:PITPY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INTP:Indonesia ITP:Germany

Address

Jalan Jenderal Sudirman Kavling 70-71, Wisma Indocement, 13th Floor, Jakarta, IDN, 12910

Website

https://www.indocement.co.id

PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement, concrete, and cement-related products. The firm operates in three segments cement, ready-mix concrete, and aggregates quarries. The Cement segment, which generates the vast majority of revenue, sells cement under the Tiga Roda brand, primarily to retailers and the residential construction industry. The Ready-Mix Concrete segment sells concrete to the building and construction industries.

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