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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 %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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.

* 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 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.


PT Garuda Maintenance Facility Aero Asia Tbk ROCE % Related Terms

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PT Garuda Maintenance Facility Aero Asia Tbk Business Description

Traded in Other Exchanges
N/A
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
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.