PT Ace Hardware Indonesia Tbk (PT Ace Hardware Indonesia Tbk) ROCE % : 15.31% (As of Mar. 2024)

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What is PT Ace Hardware Indonesia 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 Ace Hardware Indonesia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.31%.

PT Ace Hardware Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Ace Hardware Indonesia 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 Ace Hardware Indonesia Tbk ROCE % Chart

PT Ace Hardware Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.98

16.33

14.26

12.85

15.19

PT Ace Hardware Indonesia 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															12.69	11.22	13.90	22.21	15.31

PT Ace Hardware Indonesia Tbk ROCE % Calculation

PT Ace Hardware Indonesia 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 )
	=	66.186	/	( ( (460.826 - 42.576)	+	(502.937 - 49.535) )	/ 2 )
	=	66.186	/	( (418.25	+	453.402)	/ 2 )
	=	66.186	/	435.826
	=	15.19 %

PT Ace Hardware Indonesia 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 )
	=	70.808	/	( ( (502.937 - 49.535)	+	(519.393 - 47.67) )	/ 2 )
	=	70.808	/	( ( 453.402	+	471.723 )	/ 2 )
	=	70.808	/	462.5625
	=	15.31 %

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

PT Ace Hardware Indonesia Tbk (OTCPK:ACEHF) 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 Ace Hardware Indonesia Tbk ROCE % Related Terms

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PT Ace Hardware Indonesia Tbk (PT Ace Hardware Indonesia Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PT Ace Hardware Indonesia Tbk (OTCPK:ACEHF) » Definitions » ROCE %

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Traded in Other Exchanges

ACES:Indonesia

Address

Jalan Puri Kencana No. 1, Kawan Lama Building, Kembangan Selatan, Jakarta, IDN, 11610

Website

https://www.acehardware.co.id

PT Ace Hardware Indonesia Tbk is an Indonesian company that produces household appliances and lifestyle products. The company operates across a network of cities in Indonesia. Ace Hardware segments its activities into a Home Improvement unit that includes hardware, cleaning aids, lighting, paint, and other products, and a Lifestyle unit that includes automotive, furniture, and home appliances. Through its subsidiary, PT Toys Game Indonesia, the company is also engaged in the toy retail industry. The company's home improvement and lifestyle product retail stores operate under the Ace brand, while the company's toy business operates under the Toys Kingdom brand. The majority of the company's revenue is derived from sales of its home improvement products.

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