PT FKS Multi Agro Tbk (ISX:FISH) ROCE % : 26.81% (As of Mar. 2024)

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What is PT FKS Multi Agro 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 FKS Multi Agro Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.81%.

PT FKS Multi Agro Tbk ROCE % Historical Data

The historical data trend for PT FKS Multi Agro 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 FKS Multi Agro Tbk ROCE % Chart

PT FKS Multi Agro Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.52

17.46

20.17

23.44

19.05

PT FKS Multi Agro 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															18.68	9.03	21.54	28.22	26.81

PT FKS Multi Agro Tbk ROCE % Calculation

PT FKS Multi Agro 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 )
	=	672707.68	/	( ( (7259295.848 - 3682976.056)	+	(7566863.015 - 4080829.134) )	/ 2 )
	=	672707.68	/	( (3576319.792	+	3486033.881)	/ 2 )
	=	672707.68	/	3531176.8365
	=	19.05 %

PT FKS Multi Agro 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 )
	=	942718.796	/	( ( (7566863.015 - 4080829.134)	+	(7223749.262 - 3677916.744) )	/ 2 )
	=	942718.796	/	( ( 3486033.881	+	3545832.518 )	/ 2 )
	=	942718.796	/	3515933.1995
	=	26.81 %

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

PT FKS Multi Agro Tbk (ISX:FISH) 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 FKS Multi Agro Tbk ROCE % Related Terms

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PT FKS Multi Agro Tbk (ISX:FISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT FKS Multi Agro Tbk (ISX:FISH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Jl. Jend. Sudirman Kav. 5-6, Menara Astra, 28th Floor, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.fksmultiagro.com

PT FKS Multi Agro Tbk is an Indonesia-based company engaged in the distribution and trading of grains, oilseeds, and feed ingredients. It supplies oilseed meals, animal protein meals, and co-products of grain milling for the animal feed industry. The company deals with food products such as rice, soybean and cooking oil. In addition, the company also provides a logistic solution for the importation and distribution of dry bulk commodities. The group's business activities are classified into three business segments consisting of Trading and distribution, Manufacturing and logistics, of which the majority of the revenue is derived from the Trading and distribution segment. The organization generates key revenue from Indonesia.

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