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PT Goto Gojek Tokopedia Tbk (FRA:CK8) Degree of Operating Leverage : -28.81 (As of Mar. 2025)


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What is PT Goto Gojek Tokopedia Tbk Degree of Operating Leverage?

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage for the quarter that ended in Mar. 2025 was -28.81. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage or its related term are showing as below:

FRA:CK8's Degree of Operating Leverage is ranked better than
94.41% of 2665 companies
in the Software industry
Industry Median: 0.79 vs FRA:CK8: -28.81

PT Goto Gojek Tokopedia Tbk Degree of Operating Leverage Historical Data

The historical data trend for PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage 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 Goto Gojek Tokopedia Tbk Degree of Operating Leverage Chart

PT Goto Gojek Tokopedia Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Degree of Operating Leverage
Get a 7-Day Free Trial -0.70 0.89 0.34 4.09 -12.63

PT Goto Gojek Tokopedia Tbk Quarterly Data
Dec18 Dec19 Dec20 Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.30 28.54 12.98 -12.63 -28.81

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage

For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage falls into.


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PT Goto Gojek Tokopedia Tbk Degree of Operating Leverage Calculation

PT Goto Gojek Tokopedia Tbk's Degree of Operating Leverage for the quarter that ended in Mar. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( -238.329 (Mar. 2025) / -5157.106 (Mar. 2024) - 1 )/( 928.292 (Mar. 2025) / 932.15 (Mar. 2024) - 1 )
=-0.9538/-0.0041
=230.45***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


PT Goto Gojek Tokopedia Tbk  (FRA:CK8) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


PT Goto Gojek Tokopedia Tbk Degree of Operating Leverage Related Terms

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PT Goto Gojek Tokopedia Tbk Business Description

Traded in Other Exchanges
Address
Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

PT Goto Gojek Tokopedia Tbk Headlines

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