PT Blue Bird Tbk (ISX:BIRD) ROCE % : 13.95% (As of Sep. 2024)

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What is PT Blue Bird 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 Blue Bird Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.95%.

PT Blue Bird Tbk ROCE % Historical Data

The historical data trend for PT Blue Bird 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 Blue Bird Tbk ROCE % Chart

PT Blue Bird Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.60

-2.80

1.62

8.85

10.27

PT Blue Bird Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															9.22	8.38	9.65	11.97	13.95

PT Blue Bird Tbk ROCE % Calculation

PT Blue Bird 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 )
	=	651697	/	( ( (6893160 - 908381)	+	(7580224 - 875701) )	/ 2 )
	=	651697	/	( (5984779	+	6704523)	/ 2 )
	=	651697	/	6344651
	=	10.27 %

PT Blue Bird Tbk's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	960736	/	( ( (7774477 - 998298)	+	(7857052 - 858716) )	/ 2 )
	=	960736	/	( ( 6776179	+	6998336 )	/ 2 )
	=	960736	/	6887257.5
	=	13.95 %

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

PT Blue Bird Tbk (ISX:BIRD) 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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PT Blue Bird Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Blue Bird Tbk (ISX:BIRD) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jalan Bojong Indah Raya No. 6A, Kel. Rawa Buaya, Kec. Cengkareng, Jakarta Barat, Jakarta, IDN, 11740

Website

https://www.bluebirdgroup.com

PT Blue Bird Tbk is an Indonesia-based company providing taxi transportation services. The company operates in segments namely the Taxi segment and Non-taxi segment. The taxi segment consists of a regular taxi and an executive taxi. The non-taxi segment consists of Limosine Car Rentals and Chartered Bus. The majority of the company's revenue comes from the Taxi segment. The company provides regular and executive taxi services with the brand of Blue Bird and Pusaka for regular taxis and Silver Bird for executive taxis.