PT ABM Investama Tbk (ISX:ABMM) ROCE % : 21.13% (As of Mar. 2024)

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What is PT ABM Investama 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 ABM Investama Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.13%.

PT ABM Investama Tbk ROCE % Historical Data

The historical data trend for PT ABM Investama 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 ABM Investama Tbk ROCE % Chart

PT ABM Investama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.60

3.17

46.97

47.74

32.73

PT ABM Investama 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															43.84	35.30	21.37	24.93	21.13

PT ABM Investama Tbk ROCE % Calculation

PT ABM Investama 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 )
	=	7362647.358	/	( ( (31187974.585 - 9704996.327)	+	(33247486.808 - 9737989.785) )	/ 2 )
	=	7362647.358	/	( (21482978.258	+	23509497.023)	/ 2 )
	=	7362647.358	/	22496237.6405
	=	32.73 %

PT ABM Investama 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 )
	=	4991451.832	/	( ( (33247486.808 - 9737989.785)	+	(33352469.719 - 9626516.741) )	/ 2 )
	=	4991451.832	/	( ( 23509497.023	+	23725952.978 )	/ 2 )
	=	4991451.832	/	23617725.0005
	=	21.13 %

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

PT ABM Investama Tbk (ISX:ABMM) 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 ABM Investama Tbk ROCE % Related Terms

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PT ABM Investama Tbk (ISX:ABMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT ABM Investama Tbk (ISX:ABMM) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jalan Cilandak KKO No. 1, Gedung TMT 1, Suite 1802, 18th Floor, Jakarta, IDN, 12560

Website

https://www.abm-investama.com

PT ABM Investama Tbk is an integrated energy company. Its business portfolio covers the coal, electricity, logistics and services industries. The company is organized into three key business segments: Mining Contractor and Coal Mining segment, Services segment and Manufacturing segment. The Mining Contractor and Coal Mining segment contributes the vast majority of total revenue. The coal mining and mining contractor businesses are run by two subsidiaries, namely CK and Reswara through its subsidiaries, TIA and MDB (Mifa and BEL). Its Services segment consist of power engines rental service, integrated logistics and vessel rental, and site services and remanufacturing.

PT ABM Investama Tbk (ISX:ABMM) Headlines

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