PT Panca Global Kapital Tbk (ISX:PEGE) ROC % : 93.02% (As of Sep. 2024)

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What is PT Panca Global Kapital Tbk ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. PT Panca Global Kapital Tbk's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was 93.02%.

As of today (2024-12-12), PT Panca Global Kapital Tbk's WACC % is 21.77%. PT Panca Global Kapital Tbk's ROC % is -258.03% (calculated using TTM income statement data). PT Panca Global Kapital Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.

PT Panca Global Kapital Tbk ROC % Historical Data

The historical data trend for PT Panca Global Kapital Tbk's ROC % 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 Panca Global Kapital Tbk ROC % Chart

PT Panca Global Kapital Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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69.01

21.59

-263.13

-183.94

-153.69

PT Panca Global Kapital Tbk Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROC %	Get a 7-Day Free Trial										-39.06	-347.56	-615.47	-74.63	93.02

PT Panca Global Kapital Tbk ROC % Calculation

PT Panca Global Kapital Tbk's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-74194.285 * ( 1 - 0.41% )	/	( (63104.393	+	33049.986)	/ 2 )
=	-73890.0884315	/	48077.1895
=	-153.69 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	413136.015	-	122806.128	-	( 227225.494	-	max(0, 125505.84	-	408832.918	+	227225.494	))
=	63104.393

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	249880.048	-	34315.445	-	( 182514.617	-	max(0, 34891.366	-	238908.052	+	182514.617	))
=	33049.986

PT Panca Global Kapital Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	19965.64 * ( 1 - -4.18% )	/	( (27368.575	+	17353.296)	/ 2 )
=	20800.203752	/	22360.9355
=	93.02 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	202962.871	-	32579.711	-	( 143014.585	-	max(0, 32970.937	-	191370.005	+	143014.585	))
=	27368.575

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	226176.305	-	50566.582	-	( 158256.427	-	max(0, 51040.226	-	214639.404	+	158256.427	))
=	17353.296

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

PT Panca Global Kapital Tbk (ISX:PEGE) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, PT Panca Global Kapital Tbk's WACC % is 21.77%. PT Panca Global Kapital Tbk's ROC % is -258.03% (calculated using TTM income statement data). PT Panca Global Kapital Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

PT Panca Global Kapital Tbk ROC % Related Terms

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PT Panca Global Kapital Tbk Business Description

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Address

Jalan Jend. Sudirman Kavling 52-53, Indonesia Stock Exchange Tower I, Suite 1711, Jakarta, IDN, 12190

Website

https://www.pancaglobal.co.id

PT Panca Global Kapital Tbk is an Indonesia based security trading company. It is engaged in providing securities brokerage, corporate finance, financial advisory, margin trading facility, underwriting, restructuring, and research services. The company also offers business valuation, initial public offering, merger, and acquisition services. It generates revenue in the form of brokerage commissions, dividend income, and underwriting fees.

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