PT Mandala Multifinance Tbk (ISX:MFIN) ROCE %

: 8.72% (As of Dec. 2023)

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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 Mandala Multifinance Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.72%.

PT Mandala Multifinance Tbk ROCE % Historical Data

The historical data trend for PT Mandala Multifinance 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 14.21 [6] => 8.50 [7] => 22.25 [8] => 23.61 [9] => 14.57 )

PT Mandala Multifinance Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

14.21

8.50

22.25

23.61

14.57

PT Mandala Multifinance Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																14.69	14.93	9.40	14.29	8.72

PT Mandala Multifinance Tbk ROCE % Calculation

PT Mandala Multifinance 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 )
	=	637622	/	( ( (6568387 - 1891886)	+	(6663576 - 2588771) )	/ 2 )
	=	637622	/	( (4676501	+	4074805)	/ 2 )
	=	637622	/	4375653
	=	14.57 %

PT Mandala Multifinance 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 )
	=	396780	/	( ( (6770097 - 1748060)	+	(6663576 - 2588771) )	/ 2 )
	=	396780	/	( ( 5022037	+	4074805 )	/ 2 )
	=	396780	/	4548421
	=	8.72 %

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

PT Mandala Multifinance Tbk (ISX:MFIN) 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 Mandala Multifinance Tbk ROCE % Related Terms

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PT Mandala Multifinance Tbk (ISX:MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PT Mandala Multifinance Tbk (ISX:MFIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Menteng Raya No. 24 AB, Central Jakarta, Jakarta Pusat, IDN, 10340

Website

https://www.mandalafinance.com

PT Mandala Multifinance Tbk is engaged in conducting business activities in consumer financing solutions for motorcycles, electronics, furniture, and multipurpose needs. Its segments of the company include Conventional and Sharia. Geographically, the company focuses its activities in Indonesia where the regions include Java, Sumatera, Sulawesi, and Kalimantan. It generates the majority of its revenue from the Conventional segment.