PT Goto Gojek Tokopedia Tbk (ISX:GOTO) ROCE % : -17.70% (As of Sep. 2024)

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What is PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was -17.70%.

PT Goto Gojek Tokopedia Tbk ROCE % Historical Data

The historical data trend for PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk ROCE % Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-142.39

-81.87

-26.31

-29.90

-107.26

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												-7.78	-400.72	-8.34	-19.42	-17.70

PT Goto Gojek Tokopedia Tbk ROCE % Calculation

PT Goto Gojek Tokopedia 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 )
	=	-90276641	/	( ( (139216570 - 12162456)	+	(54097256 - 12822544) )	/ 2 )
	=	-90276641	/	( (127054114	+	41274712)	/ 2 )
	=	-90276641	/	84164413
	=	-107.26 %

PT Goto Gojek Tokopedia 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 )
	=	-6316844	/	( ( (46385848 - 9635452)	+	(43825151 - 9199393) )	/ 2 )
	=	-6316844	/	( ( 36750396	+	34625758 )	/ 2 )
	=	-6316844	/	35688077
	=	-17.70 %

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

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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 Goto Gojek Tokopedia Tbk ROCE % Related Terms

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PT Goto Gojek Tokopedia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (ISX:GOTO) » Definitions » ROCE %

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Traded in Other Exchanges

CK8:Germany

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business, and Sea and Lazada for e-commerce.

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