PT Merdeka Gold Resources Tbk (ISX:EMAS) ROCE %: -3.90% (As of Mar. 2026)


ISX:EMAS PT Merdeka Gold Resources Tbk ISX:EMAS
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What is PT Merdeka Gold Resources Tbk ROCE %?

PT Merdeka Gold Resources Tbk ISX:EMAS +0.45% 1 ROCE % is -3.90% as of Mar. 2026. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review.

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 Merdeka Gold Resources Tbk's annualized ROCE % for the quarter that ended in Mar. 2026 was -3.90%.

PT Merdeka Gold Resources Tbk  (ISX:EMAS) 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 Merdeka Gold Resources Tbk ROCE % Related Terms

PT Merdeka Gold Resources Tbk ROCE % Historical Data

* Premium members only.

The historical data trend for PT Merdeka Gold Resources 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.

PT Merdeka Gold Resources Tbk ROCE % Chart

PT Merdeka Gold Resources Tbk Annual Data
Trend Dec22 Dec23 Dec24 Dec25
ROCE %
-5.20 -0.45 1.44 -2.08

PT Merdeka Gold Resources Tbk Quarterly Data
Dec22 Dec23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial -0.14 -2.56 0.00 -4.22 -3.90
ISX:EMAS
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PT Merdeka Gold Resources Tbk ISX:EMAS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Merdeka Gold Resources Tbk ROCE % Calculation

PT Merdeka Gold Resources Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-195456.664/( ( (8494509.336 - 898663.254) + (12373932.206 - 1133578.483) )/ 2 )
=-195456.664/( (7595846.082+11240353.723)/ 2 )
=-195456.664/9418099.9025
=-2.08 %

PT Merdeka Gold Resources Tbk's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-460952.444/( ( (12373932.206 - 1133578.483) + (13701078.4 - 1276693.359) )/ 2 )
=-460952.444/( ( 11240353.723 + 12424385.041 )/ 2 )
=-460952.444/11832369.382
=-3.90 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -3.90% mean?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a ROCE % of -3.90% as of Mar. 2026.
Is PT Merdeka Gold Resources Tbk's ROCE % too high?
PT Merdeka Gold Resources Tbk's current ROCE % is -3.90%. Overall, PT Merdeka Gold Resources Tbk has a GF Score™ of 1/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Gold Resources Tbk's ROCE % compare to NEM and AU?
PT Merdeka Gold Resources Tbk's ROCE % of -3.90% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. PT Merdeka Gold Resources Tbk's current ROCE % is -3.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Gold Resources Tbk stock overvalued right now?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a current ROCE % of -3.90%. The current ROCE % is -3.90%. PT Merdeka Gold Resources Tbk's overall GF Score™ is 1/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For PT Merdeka Gold Resources Tbk (ISX:EMAS), the current ROCE % is -3.90% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Merdeka Gold Resources Tbk Business Description

Other Exchanges 06228:Hong Kong
Address Jl. Jend. Sudirman, Kav. 52-53, Senayan, Treasury Tower, Lantai 67/67th Floor, District 8 SCBD Lot. 28, Kebayoran Baru, Jakarta Selatan, IDN, 12190
PT Merdeka Gold Resources Tbk operates as a holding company overseeing a group engaged in gold mining and associated minerals, processing operations, and other vertically integrated related activities. Its products include gold products in the form of semi-finished gold bars produced from gold mining and ore processing activities, by-products derived from the gold processing activities, including silver contained in the dore bullion, integrated mining services and activities, covering exploration, mining, processing, and initial refining activities conducted through EMAS Group, and supporting mining-related services, including mine management, mining infrastructure, and other related activities within a vertically integrated value chain. It operates in single segment.
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