PT Solusi Sinergi Digital Tbk (ISX:WIFI) ROC % : 0.00% (As of Apr. 2020)

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What is PT Solusi Sinergi Digital 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 Solusi Sinergi Digital Tbk's annualized return on capital (ROC %) for the quarter that ended in Apr. 2020 was 0.00%.

As of today (2025-03-25), PT Solusi Sinergi Digital Tbk's WACC % is 0.00%. PT Solusi Sinergi Digital Tbk's ROC % is 0.00% (calculated using TTM income statement data). PT Solusi Sinergi Digital Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.

PT Solusi Sinergi Digital Tbk ROC % Historical Data

The historical data trend for PT Solusi Sinergi Digital 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 Solusi Sinergi Digital Tbk ROC % Chart

PT Solusi Sinergi Digital Tbk Annual Data

Trend

Dec17

Dec18

Dec19

ROC %

22.42

1.30

3.19

PT Solusi Sinergi Digital Tbk Quarterly Data
	Dec17	Dec18	Dec19	Apr20
ROC %	-	-	-	-

PT Solusi Sinergi Digital Tbk ROC % Calculation

PT Solusi Sinergi Digital 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 )
=	13180.777 * ( 1 - 3.04% )	/	( (239220.353	+	561712.799)	/ 2 )
=	12780.0813792	/	400466.576
=	3.19 %

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	))
=	248873.888	-	8822.667	-	( 830.868	-	max(0, 9047.667	-	11082.65	+	830.868	))
=	239220.353

	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	))
=	419384.76	-	7606.572	-	( 6377.01	-	max(0, 193391.736	-	43457.125	+	6377.01	))
=	561712.799

PT Solusi Sinergi Digital Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Apr. 2020 is calculated as:

	ROC % (Q: Apr. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2019 )	+	Invested Capital (Q: Apr. 2020 ))	/ count )
=	0 * ( 1 - % )	/	( (561712.799	+	399028.286)	/ 2 )
=	0	/	480370.5425
=	0.00 %

where

	Invested Capital		(Q: 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	))
=	419384.76	-	7606.572	-	( 6377.01	-	max(0, 193391.736	-	43457.125	+	6377.01	))
=	561712.799

	Invested Capital		(Q: Apr. 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	))
=	412177.938	-	14026.963	-	( 6306.373	-	max(0, 48463.222	-	47585.911	+	6306.373	))
=	399028.286

Note: The Operating Income data used here is four times the quarterly (Apr. 2020) data.

PT Solusi Sinergi Digital Tbk (ISX:WIFI) 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 Solusi Sinergi Digital Tbk's WACC % is 0.00%. PT Solusi Sinergi Digital Tbk's ROC % is 0.00% (calculated using TTM income statement data). PT Solusi Sinergi Digital 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 Solusi Sinergi Digital Tbk ROC % Related Terms

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PT Solusi Sinergi Digital Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Solusi Sinergi Digital Tbk (ISX:WIFI) » Definitions » ROC %

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Traded in Other Exchanges

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Address

Kantor Fatmawati Mas Blok III Office No. 328-329, Jl. Fatmawati Hospital No. 20, Jakarta, IDN, 12430

Website

https://www.surge.co.id

PT Solusi Sinergi Digital Tbk is focused on fiber optic network infrastructure, digital products and services, and Technology and Advertising media. Its segments are Advertising, Telecommunication, and Digital product. It generates the majority of its revenue from the Advertising segment.