PT Ulima Nitra Tbk (ISX:UNIQ) ROC % : 7.10% (As of Jun. 2024)

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What is PT Ulima Nitra 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 Ulima Nitra Tbk's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 7.10%.

As of today (2024-12-12), PT Ulima Nitra Tbk's WACC % is -10.42%. PT Ulima Nitra Tbk's ROC % is 3.55% (calculated using TTM income statement data). PT Ulima Nitra Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.

PT Ulima Nitra Tbk ROC % Historical Data

The historical data trend for PT Ulima Nitra 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 Ulima Nitra Tbk ROC % Chart

PT Ulima Nitra Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

ROC %

4.93

4.20

5.19

-1.50

PT Ulima Nitra Tbk Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun23	Jun24
ROC %	Get a 7-Day Free Trial			7.57	-1.70	-1.21	5.96	7.10

PT Ulima Nitra Tbk ROC % Calculation

PT Ulima Nitra Tbk's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2020 is calculated as:

	ROC % (A: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2019 )	+	Invested Capital (A: Dec. 2020 ))	/ count )
=	12423.188 * ( 1 - 167.9% )	/	( (600200.561	+	524007.416)	/ 2 )
=	-8435.344652	/	562103.9885
=	-1.50 %

where

	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	))
=	580579.12	-	51356.235	-	( 11917.433	-	max(0, 212199.861	-	141222.185	+	11917.433	))
=	600200.561

	Invested Capital		(A: Dec. 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	))
=	539154.215	-	45395.863	-	( 1288.714	-	max(0, 209753.907	-	179504.843	+	1288.714	))
=	524007.416

PT Ulima Nitra Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	74567.492 * ( 1 - 32.99% )	/	( (0	+	703470.201)	/ 1 )
=	49967.6763892	/	703470.201
=	7.10 %

where

	Invested Capital		(Q: Jun. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	736591.634	-	20822.635	-	( 12298.798	-	max(0, 238158.858	-	269004.907	+	12298.798	))
=	703470.201

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

PT Ulima Nitra Tbk (ISX:UNIQ) 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 Ulima Nitra Tbk's WACC % is -10.42%. PT Ulima Nitra Tbk's ROC % is 3.55% (calculated using TTM income statement data). PT Ulima Nitra Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.

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 Ulima Nitra Tbk ROC % Related Terms

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PT Ulima Nitra Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Ulima Nitra Tbk (ISX:UNIQ) » Definitions » ROC %

Traded in Other Exchanges

N/A

Address

Jl.Betet Street, No. 28, RT. 22, 9 Ilir, Ilir Timur III, South Sumatera, Palembang, IDN, 30113

Website

https://www.ulimanitra.co.id

PT Ulima Nitra Tbk is mainly involved in the business activities of coal mining and the rental of vehicles and heavy equipment. Geographically the activities are carried out throughout Indonesia and derive the majority of the revenue from mining services.

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