PT Bintang Mitra Semestaraya Tbk (ISX:BMSR) ROCE % : 57.50% (As of Dec. 2023)

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What is PT Bintang Mitra Semestaraya 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 Bintang Mitra Semestaraya Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 57.50%.

PT Bintang Mitra Semestaraya Tbk ROCE % Historical Data

The historical data trend for PT Bintang Mitra Semestaraya 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 Bintang Mitra Semestaraya Tbk ROCE % Chart

PT Bintang Mitra Semestaraya Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.02

21.68

93.38

78.18

29.45

PT Bintang Mitra Semestaraya Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.43	18.39	8.86	33.67	57.50

PT Bintang Mitra Semestaraya Tbk ROCE % Calculation

PT Bintang Mitra Semestaraya 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 )
	=	233818.832	/	( ( (1555132.539 - 821297.807)	+	(1551246.45 - 697098.89) )	/ 2 )
	=	233818.832	/	( (733834.732	+	854147.56)	/ 2 )
	=	233818.832	/	793991.146
	=	29.45 %

PT Bintang Mitra Semestaraya Tbk's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	473046.652	/	( ( (1509078.989 - 717935.509)	+	(1551246.45 - 697098.89) )	/ 2 )
	=	473046.652	/	( ( 791143.48	+	854147.56 )	/ 2 )
	=	473046.652	/	822645.52
	=	57.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

PT Bintang Mitra Semestaraya Tbk (ISX:BMSR) 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 Bintang Mitra Semestaraya Tbk ROCE % Related Terms

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PT Bintang Mitra Semestaraya Tbk (ISX:BMSR) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » PT Bintang Mitra Semestaraya Tbk (ISX:BMSR) » Definitions » ROCE %

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Address

Jalan Jenderal Gatot Subroto Kav 23, Graha BIP 2nd Floor, Jakarta Selatan, Jakarta, IDN, 12930

Website

https://www.bintangmitra.com

PT Bintang Mitra Semestaraya Tbk is an investment holding company. The company's operating segment includes Chemical Goods and Rice; Share on Sale of Nickel, Share on Sale of Oil and Investment. It generates majority of its revenue from Chemical Goods and Rice. The company markets chemical products which include Caustic Soda both in liquid and flake, Hydrochloric Acid, Sodium Hypochlorite, Sulfuric Acid, and Ethylene Dichloride.

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