PT Mitra Pinasthika Mustika Tbk (ISX:MPMX) ROCE % : 12.04% (As of Mar. 2024)

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What is PT Mitra Pinasthika Mustika 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 Mitra Pinasthika Mustika Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.04%.

PT Mitra Pinasthika Mustika Tbk ROCE % Historical Data

The historical data trend for PT Mitra Pinasthika Mustika 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 Mitra Pinasthika Mustika Tbk ROCE % Chart

PT Mitra Pinasthika Mustika Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.01

4.54

6.31

9.37

9.27

PT Mitra Pinasthika Mustika 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															9.73	9.65	11.49	6.71	12.04

PT Mitra Pinasthika Mustika Tbk ROCE % Calculation

PT Mitra Pinasthika Mustika 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 )
	=	635091	/	( ( (8889818 - 1936106)	+	(8599026 - 1844592) )	/ 2 )
	=	635091	/	( (6953712	+	6754434)	/ 2 )
	=	635091	/	6854073
	=	9.27 %

PT Mitra Pinasthika Mustika 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 )
	=	824180	/	( ( (8599026 - 1844592)	+	(9355949 - 2423161) )	/ 2 )
	=	824180	/	( ( 6754434	+	6932788 )	/ 2 )
	=	824180	/	6843611
	=	12.04 %

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

PT Mitra Pinasthika Mustika Tbk (ISX:MPMX) 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 Mitra Pinasthika Mustika Tbk (ISX:MPMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Mitra Pinasthika Mustika Tbk (ISX:MPMX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan H.R. Rasuna Said Kav. B-12, Lippo Kuningan, 26th Floor, Karet Kuningan, Jakarta, IDN, 12940

Website

https://www.mpmgroup.co.id

PT Mitra Pinasthika Mustika Tbk is engaged in the automotive business. It distributes and retails motorcycles and four-wheel vehicles under the Honda, Nissan, and Datsun brands. Its business is classified into Distribution, retail and aftermarket, and Insurance segment. The company generates maximum revenue from the Distribution, retail and aftermarket segment.

PT Mitra Pinasthika Mustika Tbk (ISX:MPMX) Headlines

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