PT Gajah Tunggal Tbk (FRA:GH8) ROCE % : 16.04% (As of Mar. 2024)

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What is PT Gajah Tunggal 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 Gajah Tunggal Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.04%.

PT Gajah Tunggal Tbk ROCE % Historical Data

The historical data trend for PT Gajah Tunggal 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 Gajah Tunggal Tbk ROCE % Chart

PT Gajah Tunggal Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.73

8.49

5.07

2.84

15.39

PT Gajah Tunggal 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															15.38	8.63	17.07	21.31	16.04

PT Gajah Tunggal Tbk ROCE % Calculation

PT Gajah Tunggal 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 )
	=	128.991	/	( ( (1141.13 - 320.701)	+	(1128.746 - 273.087) )	/ 2 )
	=	128.991	/	( (820.429	+	855.659)	/ 2 )
	=	128.991	/	838.044
	=	15.39 %

PT Gajah Tunggal 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 )
	=	138.836	/	( ( (1128.746 - 273.087)	+	(1137.113 - 262.102) )	/ 2 )
	=	138.836	/	( ( 855.659	+	875.011 )	/ 2 )
	=	138.836	/	865.335
	=	16.04 %

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

PT Gajah Tunggal Tbk (FRA:GH8) 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 Gajah Tunggal Tbk ROCE % Related Terms

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PT Gajah Tunggal Tbk (FRA:GH8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Gajah Tunggal Tbk (FRA:GH8) » Definitions » ROCE %

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Traded in Other Exchanges

GJTL:Indonesia

Address

Jalan Hayam Wuruk No. 8, Wisma Hayam Wuruk 10th Floor, Jakarta, IDN, 10120

Website

https://www.gt-tires.com

PT Gajah Tunggal Tbk is a tire manufacturer in Indonesia. Its operating segment consists of the manufacturing of tire, tire cord, synthetic rubber, nylon yarn, and others. The tires are used for passenger and commercial vehicles which include passenger car, truck, bus, motorcycles, and others. The business and sales activities are performed through various countries such as Asia, America, Europe, Middle East, Africa, Australia, and Oceania under the brand GT Radial, Gajah Tunggal, IRC, and Zeneos. It derives a vast majority of its revenue from the manufacture of tires in Java.

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