PT Grand House Mulia Tbk (ISX:HOMI) ROCE % : 2.12% (As of Mar. 2024)

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What is PT Grand House Mulia 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 Grand House Mulia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.12%.

PT Grand House Mulia Tbk ROCE % Historical Data

The historical data trend for PT Grand House Mulia 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 Grand House Mulia Tbk ROCE % Chart

PT Grand House Mulia Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.22

2.71

10.10

9.17

6.42

PT Grand House Mulia Tbk Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												8.50	7.28	9.41	-0.62	2.12

PT Grand House Mulia Tbk ROCE % Calculation

PT Grand House Mulia 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 )
	=	8391.685	/	( ( (265322.674 - 136445.387)	+	(222378.64 - 89952.149) )	/ 2 )
	=	8391.685	/	( (128877.287	+	132426.491)	/ 2 )
	=	8391.685	/	130651.889
	=	6.42 %

PT Grand House Mulia 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 )
	=	2822.184	/	( ( (222378.64 - 89952.149)	+	(223270.376 - 89253.028) )	/ 2 )
	=	2822.184	/	( ( 132426.491	+	134017.348 )	/ 2 )
	=	2822.184	/	133221.9195
	=	2.12 %

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

PT Grand House Mulia Tbk (ISX:HOMI) 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 Grand House Mulia Tbk ROCE % Related Terms

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PT Grand House Mulia Tbk (ISX:HOMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Grand House Mulia Tbk (ISX:HOMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Pengasinan No. 99 RT 005/RW 003, Kecamatan Gunung Sindur, Jawa Barat, Java, IDN

Website

https://www.granddevelopment.id

PT Grand House Mulia Tbk is engaged in property development and services in Indonesia. The company is in the whole range of property development activities; these include land assessment, and acquisition, planning, architectural designing, construction, and effective property development of various types of projects. The main project currently being handled by the Company is Parkville Serpong, consisting of several clusters such as Canola, Astoria, Valencia, and the Toscana Cluster, located in the Bogor Regency area.

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