PTranacentral Bajatama Tbk (ISX:BAJA) ROCE % : -19.88% (As of Mar. 2024)

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What is PTranacentral Bajatama 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. PTranacentral Bajatama Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was -19.88%.

PTranacentral Bajatama Tbk ROCE % Historical Data

The historical data trend for PTranacentral Bajatama 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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PTranacentral Bajatama Tbk ROCE % Chart

PTranacentral Bajatama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.82

59.49

43.86

-25.11

3.83

PTranacentral Bajatama Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.77	1.18	-17.42	17.77	-19.88

PTranacentral Bajatama Tbk ROCE % Calculation

PTranacentral Bajatama 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 )
	=	16816.498	/	( ( (731341.359 - 290085.8)	+	(726111.488 - 289523.226) )	/ 2 )
	=	16816.498	/	( (441255.559	+	436588.262)	/ 2 )
	=	16816.498	/	438921.9105
	=	3.83 %

PTranacentral Bajatama 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 )
	=	-85586.048	/	( ( (726111.488 - 289523.226)	+	(664187.148 - 239764.775) )	/ 2 )
	=	-85586.048	/	( ( 436588.262	+	424422.373 )	/ 2 )
	=	-85586.048	/	430505.3175
	=	-19.88 %

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

PTranacentral Bajatama Tbk (ISX:BAJA) 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.

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PTranacentral Bajatama Tbk (ISX:BAJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Saranacentral Bajatama Tbk (ISX:BAJA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Jl. Pangeran Jayakarta No. 55, Gedung BAJA, Tower B Lantai 6, Unit B 06-01, Jakarta Pusat, IDN, 10730

Website

https://www.saranacentral.com

PT Saranacentral Bajatama Tbk is an Indonesia-based company involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, "Saranalume" aluminum zinc-coated Steel, and "Sarancolor" painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.

PTranacentral Bajatama Tbk (ISX:BAJA) Headlines

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