PT Bumi Resources Minerals Tbk (ISX:BRMS) ROCE % : 2.14% (As of Mar. 2024)

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What is PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.14%.

PT Bumi Resources Minerals Tbk ROCE % Historical Data

The historical data trend for PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk ROCE % Chart

PT Bumi Resources Minerals Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.21

2.71

17.19

3.57

1.70

PT Bumi Resources Minerals 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															0.66	1.39	2.02	2.83	2.14

PT Bumi Resources Minerals Tbk ROCE % Calculation

PT Bumi Resources Minerals 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 )
	=	269641.131	/	( ( (16993174.314 - 1046049.392)	+	(17032637.198 - 1300924.805) )	/ 2 )
	=	269641.131	/	( (15947124.922	+	15731712.393)	/ 2 )
	=	269641.131	/	15839418.6575
	=	1.70 %

PT Bumi Resources Minerals 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 )
	=	336931.94	/	( ( (17032637.198 - 1300924.805)	+	(17365006.005 - 1655693.049) )	/ 2 )
	=	336931.94	/	( ( 15731712.393	+	15709312.956 )	/ 2 )
	=	336931.94	/	15720512.6745
	=	2.14 %

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

PT Bumi Resources Minerals Tbk (ISX:BRMS) 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 Bumi Resources Minerals Tbk ROCE % Related Terms

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PT Bumi Resources Minerals Tbk (ISX:BRMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Bumi Resources Minerals Tbk (ISX:BRMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BUR:Germany

Address

Jalan H.R. Rasuna Said Kuningan, Bakrie Tower, 6th and 10th Floors, Complex Rasuna Epicentrum, Kuningan, Jakarta, IDN, 12940

Website

https://www.bumiresourcesminerals.com

PT Bumi Resources Minerals Tbk is an Indonesia-based company primarily engaged in mining. The company's assets include copper, gold, zinc, lead, and other valuable metals. The group classifies its mining business into three core business segments which include Mining and services, investments, and holding companies. The investments segment consists of investment in shares of stock, funding, and financing. The holding company's activities include the setup of joint capital for the development of mines. Its mining and services segment of metal minerals is under exploration and development stages.

PT Bumi Resources Minerals Tbk (ISX:BRMS) Headlines

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