PT Asahimas Flat Glass Tbk (ISX:AMFG) ROCE % : 7.62% (As of Dec. 2024)

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What is PT Asahimas Flat Glass 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 Asahimas Flat Glass Tbk's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.62%.

PT Asahimas Flat Glass Tbk ROCE % Historical Data

The historical data trend for PT Asahimas Flat Glass 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 Asahimas Flat Glass Tbk ROCE % Chart

PT Asahimas Flat Glass Tbk Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-5.66

8.17

12.06

16.27

7.43

PT Asahimas Flat Glass Tbk Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															12.78	6.75	3.56	12.44	7.62

PT Asahimas Flat Glass Tbk ROCE % Calculation

PT Asahimas Flat Glass Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	421672	/	( ( (7500664 - 1922939)	+	(7271566 - 1502915) )	/ 2 )
	=	421672	/	( (5577725	+	5768651)	/ 2 )
	=	421672	/	5673188
	=	7.43 %

PT Asahimas Flat Glass Tbk's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	429992	/	( ( (7026385 - 1516077)	+	(7271566 - 1502915) )	/ 2 )
	=	429992	/	( ( 5510308	+	5768651 )	/ 2 )
	=	429992	/	5639479.5
	=	7.62 %

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

PT Asahimas Flat Glass Tbk (ISX:AMFG) 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 Asahimas Flat Glass Tbk ROCE % Related Terms

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PT Asahimas Flat Glass Tbk Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Asahimas Flat Glass Tbk (ISX:AMFG) » Definitions » ROCE %

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Address

Jalan Ancol IX/5, Ancol Barat, North Jakarta, IDN, 14430

Website

http://www.amfg.co.id

PT Asahimas Flat Glass Tbk is a glass manufacturing company operating in two segments namely flat glass and automotive glass. Its portfolio of the company consists of various glasses such as tinted glass, figured glass, reflective glass, mirror glass, tempered glass, and laminated glass. Its business activity of the organization functions in the geographical areas of Indonesia which include Jakarta, Cikampek, and Sidoarjo. It generates revenue through the sale of glass products.

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