PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) ROCE % : 13.47% (As of Mar. 2024)

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What is PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.47%.

PT Steel Pipe Industry of Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia Tbk ROCE % Chart

PT Steel Pipe Industry of Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.33

7.01

17.95

10.73

15.02

PT Steel Pipe Industry of Indonesia 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															16.45	13.76	18.91	10.33	13.47

PT Steel Pipe Industry of Indonesia Tbk ROCE % Calculation

PT Steel Pipe Industry of Indonesia 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 )
	=	771676	/	( ( (7405931 - 2606899)	+	(7971708 - 2497358) )	/ 2 )
	=	771676	/	( (4799032	+	5474350)	/ 2 )
	=	771676	/	5136691
	=	15.02 %

PT Steel Pipe Industry of Indonesia 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 )
	=	744396	/	( ( (7971708 - 2497358)	+	(7891331 - 2314531) )	/ 2 )
	=	744396	/	( ( 5474350	+	5576800 )	/ 2 )
	=	744396	/	5525575
	=	13.47 %

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

PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) 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 Steel Pipe Industry of Indonesia Tbk ROCE % Related Terms

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PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) » Definitions » ROCE %

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Traded in Other Exchanges

S08:Germany

Address

Jalan Kalibutuh No. 189-191, East Java, Surabaya, IDN, 60173

Website

https://www.spindo.com

PT Steel Pipe Industry of Indonesia Tbk is an Indonesia-based company engaged in manufacturing steel pipes. The company's products include black pipes, water pipes, mechanical pipes, furniture pipes, API pipes, steel poles, spiral pipes as well as industrial and ornament stainless steel pipes. The segments of the company are Steel Pipe Mill; Spiral Steel Pipe Mill, Strips and Plate and Services, and others. The company's products are used for furniture, water supply system, general construction, automotive components, oil and gas, mechanical structures, and chemical industries. Geographically all operations functioned through the regions of Indonesia.

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