PT Garuda Metalindo Tbk (ISX:BOLT) ROCE % : 24.24% (As of Sep. 2024)

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What is PT Garuda Metalindo 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 Garuda Metalindo Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.24%.

PT Garuda Metalindo Tbk ROCE % Historical Data

The historical data trend for PT Garuda Metalindo 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 Garuda Metalindo Tbk ROCE % Chart

PT Garuda Metalindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.54

-4.22

14.53

10.92

17.90

PT Garuda Metalindo 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															23.90	6.82	11.07	9.06	24.24

PT Garuda Metalindo Tbk ROCE % Calculation

PT Garuda Metalindo 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 )
	=	176865.301	/	( ( (1436511.646 - 444401.361)	+	(1344239.544 - 359749.774) )	/ 2 )
	=	176865.301	/	( (992110.285	+	984489.77)	/ 2 )
	=	176865.301	/	988300.0275
	=	17.90 %

PT Garuda Metalindo 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 )
	=	229904.272	/	( ( (1384842.048 - 455554.374)	+	(1350272.086 - 382362.408) )	/ 2 )
	=	229904.272	/	( ( 929287.674	+	967909.678 )	/ 2 )
	=	229904.272	/	948598.676
	=	24.24 %

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

PT Garuda Metalindo Tbk (ISX:BOLT) 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 Garuda Metalindo Tbk ROCE % Related Terms

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PT Garuda Metalindo Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PT Garuda Metalindo Tbk (ISX:BOLT) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Jalan Kapuk Kamal Raya No. 23, Jakarta Utara, Jakarta, IDN, 14470

Website

http://www.garudametalindo.com

PT Garuda Metalindo Tbk is an Indonesia-based company engaged in manufacturing components for motor vehicles. The company manufactures nails, nuts, and bolts as well as automotive components and spare parts for motor vehicles such as leaf springs, radiators, fuel tanks, muffles, brakes, gearboxes/ transmission, axles, road wheels, suspensions & shock absorbers, radiators, silencers, exhaust pipes, catalytic, etc. The company is also involved in the wholesale trade of automobile spare parts, components, and accessories such as rubber tires and inner tubes, spark plugs, batteries, bulbs, and other electronic parts. Its operating segments are Motorcycle parts, Auto parts, and Other industries.