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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) ROE % : 16.02% (As of Mar. 2024)


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What is PT Mandiri Herindo Adiperkasa Tbk ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Mandiri Herindo Adiperkasa Tbk's annualized net income for the quarter that ended in Mar. 2024 was Rp292,820 Mil. PT Mandiri Herindo Adiperkasa Tbk's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was Rp1,828,285 Mil. Therefore, PT Mandiri Herindo Adiperkasa Tbk's annualized ROE % for the quarter that ended in Mar. 2024 was 16.02%.

The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's ROE % or its related term are showing as below:

ISX:MAHA' s ROE % Range Over the Past 10 Years
Min: 13.72   Med: 38.66   Max: 53.59
Current: 13.72

During the past 4 years, PT Mandiri Herindo Adiperkasa Tbk's highest ROE % was 53.59%. The lowest was 13.72%. And the median was 38.66%.

ISX:MAHA's ROE % is ranked better than
69.55% of 949 companies
in the Transportation industry
Industry Median: 8.42 vs ISX:MAHA: 13.72

PT Mandiri Herindo Adiperkasa Tbk ROE % Historical Data

The historical data trend for PT Mandiri Herindo Adiperkasa Tbk's ROE % 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.

* Premium members only.

PT Mandiri Herindo Adiperkasa Tbk ROE % Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROE %
26.96 50.35 53.59 18.30

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
ROE % Get a 7-Day Free Trial Premium Member Only 45.83 14.82 - 33.89 16.02

Competitive Comparison of PT Mandiri Herindo Adiperkasa Tbk's ROE %

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa Tbk's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Mandiri Herindo Adiperkasa Tbk's ROE % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's ROE % falls into.



PT Mandiri Herindo Adiperkasa Tbk ROE % Calculation

PT Mandiri Herindo Adiperkasa Tbk's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=267945.887/( (1137019.713+1791275.547)/ 2 )
=267945.887/1464147.63
=18.30 %

PT Mandiri Herindo Adiperkasa Tbk's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=292819.544/( (1791275.547+1865294.418)/ 2 )
=292819.544/1828284.9825
=16.02 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=292819.544/1828284.9825
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(292819.544 / 2490717.928)*(2490717.928 / 2570974.117)*(2570974.117 / 1828284.9825)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.76 %*0.9688*1.4062
=ROA %*Equity Multiplier
=11.39 %*1.4062
=16.02 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=292819.544/1828284.9825
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (292819.544 / 361138.296) * (361138.296 / 333902.424) * (333902.424 / 2490717.928) * (2490717.928 / 2570974.117) * (2570974.117 / 1828284.9825)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8108 * 1.0816 * 13.41 % * 0.9688 * 1.4062
=16.02 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


PT Mandiri Herindo Adiperkasa Tbk ROE % Related Terms

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PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Business Description

Traded in Other Exchanges
N/A
Address
Senopati Raya No. 8B, Office 8, Floor 31, SCBD Lot 28, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. Mandiri Services strives to provide safe, efficient, and effective mining services. Its focus is to provide prosperity and energy to the people of Indonesia through consistent and sustainable innovation toward a better future. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer.

PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Headlines

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