PT Pertamina Geothermal Energy Tbk (FRA:NJ9) ROCE % : 10.81% (As of Mar. 2024)

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What is PT Pertamina Geothermal Energy Tbk ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. PT Pertamina Geothermal Energy Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.81%.

PT Pertamina Geothermal Energy Tbk ROCE % Historical Data

The historical data trend for PT Pertamina Geothermal Energy Tbk's ROCE % 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 Pertamina Geothermal Energy Tbk ROCE % Chart

PT Pertamina Geothermal Energy Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

8.83

6.70

7.31

11.40

12.09

PT Pertamina Geothermal Energy Tbk Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									15.78	12.01	9.90	7.20	10.81

PT Pertamina Geothermal Energy Tbk ROCE % Calculation

PT Pertamina Geothermal Energy Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	243.166	/	( ( (2336.53 - 809.746)	+	(2718.117 - 223.843) )	/ 2 )
	=	243.166	/	( (1526.784	+	2494.274)	/ 2 )
	=	243.166	/	2010.529
	=	12.09 %

PT Pertamina Geothermal Energy Tbk's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	272.86	/	( ( (2718.117 - 223.843)	+	(2750.721 - 198.09) )	/ 2 )
	=	272.86	/	( ( 2494.274	+	2552.631 )	/ 2 )
	=	272.86	/	2523.4525
	=	10.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

PT Pertamina Geothermal Energy Tbk (FRA:NJ9) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

PT Pertamina Geothermal Energy Tbk ROCE % Related Terms

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PT Pertamina Geothermal Energy Tbk (FRA:NJ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Pertamina Geothermal Energy Tbk (FRA:NJ9) » Definitions » ROCE %

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Traded in Other Exchanges

PGEO:Indonesia

Address

Jalan Medan Merdeka Timur No. 11-13, Grha Pertamina – Tower Pertamax, 7th Floor, Gambir, Jakarta Pusat, Jakarta, IDN, 10110

Website

https://www.pge.pertamina.com

PT Pertamina Geothermal Energy Tbk is engaged in geothermal activities, including in the upstream and or downstream sectors, in Indonesia and abroad, and other related or supporting business activities in the field of geothermal energy.

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