PT Provident Investasi Bersama Tbk (ISX:PALM) ROCE % : -89.26% (As of Dec. 2023)

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What is PT Provident Investasi Bersama 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 Provident Investasi Bersama Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was -89.26%.

PT Provident Investasi Bersama Tbk ROCE % Historical Data

The historical data trend for PT Provident Investasi Bersama 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 Provident Investasi Bersama Tbk ROCE % Chart

PT Provident Investasi Bersama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.27

64.98

42.48

4.13

-58.16

PT Provident Investasi Bersama 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															15.48	3.91	-106.34	-21.11	-89.26

PT Provident Investasi Bersama Tbk ROCE % Calculation

PT Provident Investasi Bersama 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 )
	=	-3182993.874	/	( ( (5765399.044 - 1018.714)	+	(8805987.569 - 3625250.453) )	/ 2 )
	=	-3182993.874	/	( (5764380.33	+	5180737.116)	/ 2 )
	=	-3182993.874	/	5472558.723
	=	-58.16 %

PT Provident Investasi Bersama 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 )
	=	-5196892.056	/	( ( (6472264.122 - 9075.894)	+	(8805987.569 - 3625250.453) )	/ 2 )
	=	-5196892.056	/	( ( 6463188.228	+	5180737.116 )	/ 2 )
	=	-5196892.056	/	5821962.672
	=	-89.26 %

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

PT Provident Investasi Bersama Tbk (ISX:PALM) 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 Provident Investasi Bersama Tbk ROCE % Related Terms

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PT Provident Investasi Bersama Tbk (ISX:PALM) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PT Provident Investasi Bersama Tbk (ISX:PALM) » Definitions » ROCE %

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Address

Jalan H.R. Rasuna Said, Generali Tower, Kawasan Rasuna Epicentrum, 17th Floor D, G, H, Gran Rubina Business Park, Karet Kuningan, Setiabudi, Jakarta, IDN, 12940

Website

http://www.provident-agro.com

PT Provident Investasi Bersama Tbk is an investment company. The segments of the company are Blue Chip and Others, of which the majority of the revenue is derived from the Blue Chip segment.

PT Provident Investasi Bersama Tbk (ISX:PALM) Headlines

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