PT Petrosea Tbk (ISX:PTRO) ROCE % : 5.58% (As of Mar. 2024)

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What is PT Petrosea 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 Petrosea Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.58%.

PT Petrosea Tbk ROCE % Historical Data

The historical data trend for PT Petrosea 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 Petrosea Tbk ROCE % Chart

PT Petrosea Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.89

11.12

12.28

15.98

8.35

PT Petrosea 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															5.44	11.29	4.61	9.03	5.58

PT Petrosea Tbk ROCE % Calculation

PT Petrosea 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 )
	=	539343.926	/	( ( (9382290.341 - 3490979.051)	+	(11221994.922 - 4193042.146) )	/ 2 )
	=	539343.926	/	( (5891311.29	+	7028952.776)	/ 2 )
	=	539343.926	/	6460132.033
	=	8.35 %

PT Petrosea 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 )
	=	384906.508	/	( ( (11221994.922 - 4193042.146)	+	(10954912.846 - 4191747.202) )	/ 2 )
	=	384906.508	/	( ( 7028952.776	+	6763165.644 )	/ 2 )
	=	384906.508	/	6896059.21
	=	5.58 %

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

PT Petrosea Tbk (ISX:PTRO) 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 Petrosea Tbk (ISX:PTRO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Petrosea Tbk (ISX:PTRO) » Definitions » ROCE %

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Address

Jalan Boulevard Bintaro Jaya Blok B7/A6, Indy Bintaro Office Park, Building B, Sektor VII, CBD Bintaro Jaya, Tangerang Selatan, IDN, 15224

Website

https://www.petrosea.com

PT Petrosea Tbk is an Indonesian-based firm engaged in multi-disciplinary mining, infrastructure, and oil and gas services. It operates in three business segments. The Mining segment covers mining contracts like overburden stripping, drilling, blasting, lifting, hauling, mine services, and mines partnering. The Services segment covers supply-based facilities and port services. The Engineering and Construction segment provides multi-disciplinary engineering, procurement, and construction services to oil and gas, infrastructure, industrial, and manufacturing, and utility sectors. This segment also includes the supply of skilled trade personnel and equipment hire services. The majority of its revenue comes from the Mining segment.

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