PT Rukun Raharja Tbk (ISX:RAJA) ROCE % : 19.10% (As of Mar. 2024)

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What is PT Rukun Raharja 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 Rukun Raharja Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.10%.

PT Rukun Raharja Tbk ROCE % Historical Data

The historical data trend for PT Rukun Raharja 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 Rukun Raharja Tbk ROCE % Chart

PT Rukun Raharja Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.60

4.64

3.85

7.18

19.55

PT Rukun Raharja 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															15.06	11.77	7.62	40.17	19.10

PT Rukun Raharja Tbk ROCE % Calculation

PT Rukun Raharja 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 )
	=	769443.036	/	( ( (4098007.353 - 424501.366)	+	(5066435.221 - 868675.782) )	/ 2 )
	=	769443.036	/	( (3673505.987	+	4197759.439)	/ 2 )
	=	769443.036	/	3935632.713
	=	19.55 %

PT Rukun Raharja 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 )
	=	808168.008	/	( ( (5066435.221 - 868675.782)	+	(5037591.899 - 772803.722) )	/ 2 )
	=	808168.008	/	( ( 4197759.439	+	4264788.177 )	/ 2 )
	=	808168.008	/	4231273.808
	=	19.10 %

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

PT Rukun Raharja Tbk (ISX:RAJA) 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 Rukun Raharja Tbk ROCE % Related Terms

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PT Rukun Raharja Tbk (ISX:RAJA) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PT Rukun Raharja Tbk (ISX:RAJA) » Definitions » ROCE %

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Address

Jalan Thamrin Boulevard, Office Park Thamrin Residences Blok A 01-05, Kel. Kebon Melati, Kec. Tanah Abang, Jakarta, IDN, 10230

Website

https://www.raja.co.id

PT Rukun Raharja Tbk through its subsidiaries is engaged in the distribution of natural gas, LPG distribution, and related activities and gas transmission and compression. Its segments include Natural Gas Distribution Segment; Infrastructure Segment and Other Segments. It conducts its business in the field of service or natural gas distribution services, provision, and management of loading and unloading of containers, filling, and transportation services to LPG gas cylinders.

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