PT Gunung Raja Paksi Tbk (ISX:GGRP) ROCE % : 9.02% (As of Mar. 2024)

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What is PT Gunung Raja Paksi 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 Gunung Raja Paksi Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.02%.

PT Gunung Raja Paksi Tbk ROCE % Historical Data

The historical data trend for PT Gunung Raja Paksi 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 Gunung Raja Paksi Tbk ROCE % Chart

PT Gunung Raja Paksi Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.46

0.49

10.25

9.95

5.45

PT Gunung Raja Paksi 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															4.36	7.46	4.43	6.19	9.02

PT Gunung Raja Paksi Tbk ROCE % Calculation

PT Gunung Raja Paksi 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 )
	=	819622.092	/	( ( (18662061.675 - 4173972.411)	+	(18939688.011 - 3350234.4) )	/ 2 )
	=	819622.092	/	( (14488089.264	+	15589453.611)	/ 2 )
	=	819622.092	/	15038771.4375
	=	5.45 %

PT Gunung Raja Paksi 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 )
	=	1402855.352	/	( ( (18939688.011 - 3350234.4)	+	(18581358.673 - 3049144.644) )	/ 2 )
	=	1402855.352	/	( ( 15589453.611	+	15532214.029 )	/ 2 )
	=	1402855.352	/	15560833.82
	=	9.02 %

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

PT Gunung Raja Paksi Tbk (ISX:GGRP) 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 Gunung Raja Paksi Tbk ROCE % Related Terms

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PT Gunung Raja Paksi Tbk (ISX:GGRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Gunung Raja Paksi Tbk (ISX:GGRP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Perjuangan No. 8, Kp.Tangsi RT. 004/006, Sukadanau Village, West Cikarang Subdistrict, West Java, Bekasi, IDN, 17530

Website

https://www.gunungrajapaksi.com

PT Gunung Raja Paksi Tbk is an Indonesia based company engaged in the production of flat steel products consisting of plates (sheet) and coils. The company's operating segment includes Steel sheet and its downstream and Steel bar and its downstream. It generates maximum revenue from the Steel sheet and its downstream segment.

PT Gunung Raja Paksi Tbk (ISX:GGRP) Headlines

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