PT Citra Tubindo Tbk (ISX:CTBN) ROCE % : 30.89% (As of Sep. 2024)

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What is PT Citra Tubindo 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 Citra Tubindo Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 30.89%.

PT Citra Tubindo Tbk ROCE % Historical Data

The historical data trend for PT Citra Tubindo 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 Citra Tubindo Tbk ROCE % Chart

PT Citra Tubindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.41

1.82

-13.84

-6.27

21.53

PT Citra Tubindo 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															33.49	29.75	14.60	36.12	30.89

PT Citra Tubindo Tbk ROCE % Calculation

PT Citra Tubindo 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 )
	=	335667.829	/	( ( (2107027.515 - 683732.718)	+	(2638400.93 - 943350.851) )	/ 2 )
	=	335667.829	/	( (1423294.797	+	1695050.079)	/ 2 )
	=	335667.829	/	1559172.438
	=	21.53 %

PT Citra Tubindo 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 )
	=	594625.676	/	( ( (2664330.63 - 803866.948)	+	(3078172.958 - 1089216.975) )	/ 2 )
	=	594625.676	/	( ( 1860463.682	+	1988955.983 )	/ 2 )
	=	594625.676	/	1924709.8325
	=	30.89 %

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

PT Citra Tubindo Tbk (ISX:CTBN) 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 Citra Tubindo Tbk ROCE % Related Terms

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PT Citra Tubindo Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Citra Tubindo Tbk (ISX:CTBN) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Jalan Hang Kesturi I Number 2, Kawasan Industri Terpadu Kabil, Batam, IDN, 29467

Website

https://www.citratubindo.com

PT Citra Tubindo Tbk is engaged in the business activities of manufacturing, providing services, repairing equipment, and accessories to support the oil and gas industry. Its services include finishing and threading of pipes, Heat Treatment Facility, Testing and Inspection Facility, Production Process, Technical Support, and Port Management and Logistic Services. The company's operating segment includes Pipe Processing; Transportation services and others and Technical support. It generates maximum revenue from the Pipe Processing segment. Geographically, it derives a majority of revenue from Indonesia and also has a presence in Asia; Europe; America, and Africa.

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