PT Polaris Investama Tbk (ISX:PLAS) ROC %: -0.74% (As of Jun. 2020)


ISX:PLAS PT Polaris Investama Tbk ISX:PLAS
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What is PT Polaris Investama Tbk ROC %?

PT Polaris Investama Tbk ISX:PLAS 4 ROC % is -0.74% as of Jun. 2020. GuruFocus rates ISX:PLAS with a GF Score™ of 4/100.

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 Polaris Investama Tbk's annualized return on capital (ROC %) for the quarter that ended in Jun. 2020 was -0.74%.

As of today (2026-06-26), PT Polaris Investama Tbk's WACC % is 0.00%. PT Polaris Investama Tbk's ROC % is 0.00% (calculated using TTM income statement data). PT Polaris Investama Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.

PT Polaris Investama Tbk  (ISX:PLAS) 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 Polaris Investama Tbk's WACC % is 0.00%. PT Polaris Investama Tbk's ROC % is 0.00% (calculated using TTM income statement data). PT Polaris Investama 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 Polaris Investama Tbk ROC % Related Terms

PT Polaris Investama Tbk ROC % Historical Data

* Premium members only.

The historical data trend for PT Polaris Investama 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.

PT Polaris Investama Tbk ROC % Chart

PT Polaris Investama Tbk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
ROC %
Get a 7-Day Free Trial -0.90 0.68 4.90 1.41 1.17

PT Polaris Investama Tbk Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
ROC % 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 Premium Member Only Premium Member Only 1.32 3.34 0.01 0.40 -0.74
ISX:PLAS
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PT Polaris Investama Tbk ISX:PLAS
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PT Polaris Investama Tbk ROC % Calculation

PT Polaris Investama Tbk's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2019 is calculated as:

ROC % (A: Dec. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2018 ) + Invested Capital (A: Dec. 2019 ))/ count )
=3774.859 * ( 1 - 35.01% )/( (208371.838 + 209422.907)/ 2 )
=2453.2808641/208897.3725
=1.17 %

where

Invested Capital(A: Dec. 2018 )
=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))
=190690.177 - 5604.745 - ( 3954.992 - max(0, 35592.963 - 12306.557+3954.992))
=208371.838

Invested Capital(A: Dec. 2019 )
=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))
=186929.833 - 415.033 - ( 2702.266 - max(0, 31454.32 - 8546.213+2702.266))
=209422.907

PT Polaris Investama Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2020 is calculated as:

ROC % (Q: Jun. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2020 ) + Invested Capital (Q: Jun. 2020 ))/ count )
=-1541.608 * ( 1 - 0% )/( (208974.518 + 209074.024)/ 2 )
=-1541.608/209024.271
=-0.74 %

where

Invested Capital(Q: Mar. 2020 )
=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))
=186040.892 - 534.197 - ( 2071.152 - max(0, 31125.095 - 7657.272+2071.152))
=208974.518

Invested Capital(Q: Jun. 2020 )
=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))
=185251.42 - 575.911 - ( 1408.919 - max(0, 31266.315 - 6867.8+1408.919))
=209074.024

Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -0.74% mean?
PT Polaris Investama Tbk (ISX:PLAS) has a ROC % of -0.74% as of Jun. 2020. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on PT Polaris Investama Tbk and its competitors.
Is PT Polaris Investama Tbk's ROC % too high?
PT Polaris Investama Tbk's current ROC % is -0.74%. Overall, PT Polaris Investama Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Polaris Investama Tbk's ROC % compare to competitors?
PT Polaris Investama Tbk's ROC % of -0.74% can be compared against companies in the Capital Markets industry. The industry median ROC % is 1.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Capital Markets company?
The median ROC % among Capital Markets companies is 1.23, based on 694 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on PT Polaris Investama Tbk and its competitors. For the Capital Markets industry, the median ROC % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Polaris Investama Tbk's current ROC % is -0.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Polaris Investama Tbk stock overvalued right now?
PT Polaris Investama Tbk (ISX:PLAS) has a current ROC % of -0.74%. The current ROC % is -0.74%. PT Polaris Investama Tbk's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For PT Polaris Investama Tbk (ISX:PLAS), the current ROC % is -0.74% as of Jun. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Polaris Investama Tbk Business Description

Address Mayapada Tower Lt. 11, Jl. Jend. Sudirman Kav. 28, Jakarta, IDN, 12920
PT Polaris Investama Tbk operates in capital markets industry in Indonesia. The company is an investment company operates as a dealer broker and underwriter.
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