PT Gozco Plantations Tbk (ISX:GZCO) ROCE % : 6.59% (As of Sep. 2024)

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What is PT Gozco Plantations 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 Gozco Plantations Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.59%.

PT Gozco Plantations Tbk ROCE % Historical Data

The historical data trend for PT Gozco Plantations 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 Gozco Plantations Tbk ROCE % Chart

PT Gozco Plantations Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.77

-8.50

3.31

8.38

2.64

PT Gozco Plantations 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															18.76	0.41	-1.46	2.32	6.59

PT Gozco Plantations Tbk ROCE % Calculation

PT Gozco Plantations 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 )
	=	44427	/	( ( (2045406 - 455883)	+	(2118200 - 345365) )	/ 2 )
	=	44427	/	( (1589523	+	1772835)	/ 2 )
	=	44427	/	1681179
	=	2.64 %

PT Gozco Plantations 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 )
	=	118332	/	( ( (2093565 - 310345)	+	(2171330 - 363023) )	/ 2 )
	=	118332	/	( ( 1783220	+	1808307 )	/ 2 )
	=	118332	/	1795763.5
	=	6.59 %

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

PT Gozco Plantations Tbk (ISX:GZCO) 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 Gozco Plantations Tbk ROCE % Related Terms

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PT Gozco Plantations Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Gozco Plantations Tbk (ISX:GZCO) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jalan Raya Pasar Minggu No. 32, Gedung Gozco, South Jakarta, IDN, 12780

Website

http://www.gozco.com

PT Gozco Plantations Tbk is an Indonesia-based company engaged in developing and operating palm oil plantations, trading, and processing crude palm oil, and palm kernel. It generates the majority of its revenue from Crude Palm Oil sales. PT Gozco Plantations also produces fresh fruit bunches. The organization only caters to the Indonesian market.

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