PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) ROCE % : 24.33% (As of Sep. 2024)

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What is PT Garuda Maintenance Facility Aero Asia 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 Maintenance Facility Aero Asia Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.33%.

PT Garuda Maintenance Facility Aero Asia Tbk ROCE % Historical Data

The historical data trend for PT Garuda Maintenance Facility Aero Asia 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 Maintenance Facility Aero Asia Tbk ROCE % Chart

PT Garuda Maintenance Facility Aero Asia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.27

-291.09

-135.91

26.14

27.52

PT Garuda Maintenance Facility Aero Asia 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															17.87	51.67	22.81	37.77	24.33

PT Garuda Maintenance Facility Aero Asia Tbk ROCE % Calculation

PT Garuda Maintenance Facility Aero Asia 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 )
	=	668267.874	/	( ( (6145461.524 - 3914363.515)	+	(6937520.523 - 4312115.275) )	/ 2 )
	=	668267.874	/	( (2231098.009	+	2625405.248)	/ 2 )
	=	668267.874	/	2428251.6285
	=	27.52 %

PT Garuda Maintenance Facility Aero Asia 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 )
	=	617071.364	/	( ( (6519685.452 - 3986760.745)	+	(6622278.885 - 4081707.845) )	/ 2 )
	=	617071.364	/	( ( 2532924.707	+	2540571.04 )	/ 2 )
	=	617071.364	/	2536747.8735
	=	24.33 %

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

PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) 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.

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PT Garuda Maintenance Facility Aero Asia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) » Definitions » ROCE %

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Address

PT Garuda Maintenance Facility Aero Asia Tbk, Second Floor, South Lobby Hangar 4, Soekarno-Hatta Airport Office Area, Pajang Village, Benda District, Tangerang, IDN, 15125

Website

https://www.gmf-aeroasia.co.id

PT Garuda Maintenance Facility Aero Asia Tbk is an Indonesia-based aircraft maintenance company. It offers various services including line maintenance, base maintenance, component services, engineering services, components maintenance and calibration, material services, logistics, cabin maintenance services, and other services. It also offers consulting services, training, and provision of experts in the field of aircraft maintenance, components, and engines. The company's operating segments are repairs and maintenance airframe, engine, and component segment, which is the revenue driver for the company; Line maintenance and technical ground handling segment; and other operations.