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PT Petrosea Tbk (ISX:PTRO) Net Income : Rp141,912 Mil (TTM As of Mar. 2024)


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What is PT Petrosea Tbk Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. PT Petrosea Tbk's Net Income for the three months ended in Mar. 2024 was Rp2,513 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was Rp141,912 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. PT Petrosea Tbk's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was Rp2.53.


PT Petrosea Tbk Net Income Historical Data

The historical data trend for PT Petrosea Tbk's Net Income 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.

* Premium members only.

PT Petrosea Tbk Net Income Chart

PT Petrosea Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 433,364.10 455,295.59 481,065.04 643,775.95 188,075.11

PT Petrosea Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44,538.36 118,074.33 -3,679.66 25,004.74 2,512.81

PT Petrosea Tbk Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

PT Petrosea Tbk's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=247380.437+-55636.318+0+-3669.006
=188,075

PT Petrosea Tbk's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=13411.914+-9002.94+0+-1896.167
=2,513

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp141,912 Mil.

* 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.


PT Petrosea Tbk  (ISX:PTRO) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

PT Petrosea Tbk's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


PT Petrosea Tbk Net Income Related Terms

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PT Petrosea Tbk (ISX:PTRO) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Boulevard Bintaro Jaya Blok B7/A6, Indy Bintaro Office Park, Building B, Sektor VII, CBD Bintaro Jaya, Tangerang Selatan, IDN, 15224
PT Petrosea Tbk is an Indonesian-based firm engaged in multi-disciplinary mining, infrastructure, and oil and gas services. It operates in three business segments. The Mining segment covers mining contracts like overburden stripping, drilling, blasting, lifting, hauling, mine services, and mines partnering. The Services segment covers supply-based facilities and port services. The Engineering and Construction segment provides multi-disciplinary engineering, procurement, and construction services to oil and gas, infrastructure, industrial, and manufacturing, and utility sectors. This segment also includes the supply of skilled trade personnel and equipment hire services. The majority of its revenue comes from the Mining segment.

PT Petrosea Tbk (ISX:PTRO) Headlines

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