PT Mark Dynamics Indonesia Tbk (ISX:MARK) ROCE % : 41.33% (As of Mar. 2024)

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What is PT Mark Dynamics 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 Mark Dynamics Indonesia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 41.33%.

PT Mark Dynamics Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Mark Dynamics 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 Mark Dynamics Indonesia Tbk ROCE % Chart

PT Mark Dynamics Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.04

48.57

83.54

37.77

23.11

PT Mark Dynamics 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															18.36	21.12	22.19	33.37	41.33

PT Mark Dynamics Indonesia Tbk ROCE % Calculation

PT Mark Dynamics 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 )
	=	204049.408	/	( ( (1005368.366 - 111916.306)	+	(951550.724 - 79294.933) )	/ 2 )
	=	204049.408	/	( (893452.06	+	872255.791)	/ 2 )
	=	204049.408	/	882853.9255
	=	23.11 %

PT Mark Dynamics 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 )
	=	375222.932	/	( ( (951550.724 - 79294.933)	+	(1043122.651 - 99692.137) )	/ 2 )
	=	375222.932	/	( ( 872255.791	+	943430.514 )	/ 2 )
	=	375222.932	/	907843.1525
	=	41.33 %

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

PT Mark Dynamics Indonesia Tbk (ISX:MARK) 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 Mark Dynamics Indonesia Tbk (ISX:MARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PT Mark Dynamics Indonesia Tbk (ISX:MARK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Medan Lubuk Pakam Km. 19,5, Jalan Pelita Barat No. 2, Deli Serdang, Kawas Insdustri Medan Star, Tanjung Morawa, North Sumatera, Medan, IDN, 20362

Website

http://www.markdynamicsindo.com

PT Mark Dynamics Indonesia Tbk is a manufacturer of hand former or glove molds in Indonesia. The company's products include examination formers, surgical formers, household formers, custom-made formers, and industrial formers for export purposes. The products of the company are mainly exported to nitrile and latex glove manufacturers in Malaysia, Thailand, China, and the United States. The company also distributes its products in Indonesia.