PTrana Menara Nusantara Tbk (ISX:TOWR) ROCE % : 13.46% (As of Mar. 2024)

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What is PTrana Menara Nusantara 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. PTrana Menara Nusantara Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.46%.

PTrana Menara Nusantara Tbk ROCE % Historical Data

The historical data trend for PTrana Menara Nusantara 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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PTrana Menara Nusantara Tbk ROCE % Chart

PTrana Menara Nusantara Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.32

17.17

14.17

13.22

13.20

PTrana Menara Nusantara 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															12.50	12.62	13.39	12.46	13.46

PTrana Menara Nusantara Tbk ROCE % Calculation

PTrana Menara Nusantara 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 )
	=	6289529	/	( ( (65625136 - 14446084)	+	(68418946 - 24298953) )	/ 2 )
	=	6289529	/	( (51179052	+	44119993)	/ 2 )
	=	6289529	/	47649522.5
	=	13.20 %

PTrana Menara Nusantara 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 )
	=	6154852	/	( ( (68418946 - 24298953)	+	(69320158 - 22014534) )	/ 2 )
	=	6154852	/	( ( 44119993	+	47305624 )	/ 2 )
	=	6154852	/	45712808.5
	=	13.46 %

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

PTrana Menara Nusantara Tbk (ISX:TOWR) 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.

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PTrana Menara Nusantara Tbk (ISX:TOWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Sarana Menara Nusantara Tbk (ISX:TOWR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SMNUF:USA

Address

Jalan Jenderal Ahmad Yani No. 19A, Central Java, Kudus, IDN

Website

https://www.ptsmn.co.id

PT Sarana Menara Nusantara Tbk is an investment company. It invests in companies that are engaged in leasing space, owning and operating telecommunication towers for wireless operators in Indonesia under long-term lease agreements. The company owns and operates over 19,000 towers in Indonesia. Its business segments include Tower rental and Other services (VSAT service, and MWIFO). The majority of the company's revenue is generated from Tower Rental.