PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) ROCE % : 1.38% (As of Mar. 2024)

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What is PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.38%.

PT Bekasi Fajar Industrial Estate Tbk ROCE % Historical Data

The historical data trend for PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk ROCE % Chart

PT Bekasi Fajar Industrial Estate Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.08

0.40

0.67

3.00

3.88

PT Bekasi Fajar Industrial Estate 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															10.03	4.11	0.86	0.38	1.38

PT Bekasi Fajar Industrial Estate Tbk ROCE % Calculation

PT Bekasi Fajar Industrial Estate 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 )
	=	222822.788	/	( ( (6078468.909 - 279952.125)	+	(5940104.349 - 242206.129) )	/ 2 )
	=	222822.788	/	( (5798516.784	+	5697898.22)	/ 2 )
	=	222822.788	/	5748207.502
	=	3.88 %

PT Bekasi Fajar Industrial Estate 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 )
	=	77962.208	/	( ( (5940104.349 - 242206.129)	+	(5845637.783 - 212508.455) )	/ 2 )
	=	77962.208	/	( ( 5697898.22	+	5633129.328 )	/ 2 )
	=	77962.208	/	5665513.774
	=	1.38 %

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

PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) 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 Bekasi Fajar Industrial Estate Tbk (ISX:BEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sumatera, Kawasan Industri MM2100, Cikarang Barat, West Java, Bekasi, IDN, 17520

Website

https://www.befa.id

PT Bekasi Fajar Industrial Estate Tbk is a real estate development company based in Indonesia. The business segments carried out by the company include Industrial Estates and others. The Industrial Area segment, which is the key revenue driver for the company, includes sales of industrial plots and rental of factory production and warehousing facilities.