PT Cardig Aero Services Tbk (ISX:CASS) ROCE % : 58.74% (As of Mar. 2024)

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What is PT Cardig Aero Services 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 Cardig Aero Services Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 58.74%.

PT Cardig Aero Services Tbk ROCE % Historical Data

The historical data trend for PT Cardig Aero Services 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 Cardig Aero Services Tbk ROCE % Chart

PT Cardig Aero Services Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.79

5.35

35.63

52.48

55.55

PT Cardig Aero Services 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															49.70	49.50	64.85	60.06	58.74

PT Cardig Aero Services Tbk ROCE % Calculation

PT Cardig Aero Services 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 )
	=	578625	/	( ( (1686235 - 764222)	+	(1919403 - 758293) )	/ 2 )
	=	578625	/	( (922013	+	1161110)	/ 2 )
	=	578625	/	1041561.5
	=	55.55 %

PT Cardig Aero Services 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 )
	=	723756	/	( ( (1919403 - 758293)	+	(2046059 - 742967) )	/ 2 )
	=	723756	/	( ( 1161110	+	1303092 )	/ 2 )
	=	723756	/	1232101
	=	58.74 %

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

PT Cardig Aero Services Tbk (ISX:CASS) 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 Cardig Aero Services Tbk ROCE % Related Terms

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PT Cardig Aero Services Tbk (ISX:CASS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Cardig Aero Services Tbk (ISX:CASS) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Menara Cardig, 3rd. Floor Jl. Raya Halim Perdanakusuma, Jakarta, IDN, 13650

Website

https://www.casgroup.co.id

PT Cardig Aero Services Tbk is engaged in the provision of aviation support services, food solutions, and facility management. The group is organized into five operating divisions namely Ground and Cargo handling, Aircraft release and Maintenance services, Catering services, Facility Management services, and Aviation Training services. The company derives the majority of its revenue from the cargo handling segment which includes services such as cargo build-up and breakdown, cargo documentation, cargo transfer and transit handling, cargo storage, and special cargo handling. Geographically, all the operations of the firm functioned through the region of Indonesia.