PT Jasa Armada Indonesia Tbk (ISX:IPCM) ROCE % : 15.41% (As of Mar. 2024)

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What is PT Jasa Armada Indonesia 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 Jasa Armada Indonesia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.41%.

PT Jasa Armada Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Jasa Armada Indonesia 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 Jasa Armada Indonesia Tbk ROCE % Chart

PT Jasa Armada Indonesia Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.47

10.60

15.29

15.92

16.25

PT Jasa Armada Indonesia Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.99	16.91	16.01	13.31	15.41

PT Jasa Armada Indonesia Tbk ROCE % Calculation

PT Jasa Armada Indonesia 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 )
	=	198660.981	/	( ( (1488208.066 - 291390.718)	+	(1522134.648 - 274584.828) )	/ 2 )
	=	198660.981	/	( (1196817.348	+	1247549.82)	/ 2 )
	=	198660.981	/	1222183.584
	=	16.25 %

PT Jasa Armada Indonesia 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 )
	=	194626.848	/	( ( (1522134.648 - 274584.828)	+	(1576747.574 - 297713.098) )	/ 2 )
	=	194626.848	/	( ( 1247549.82	+	1279034.476 )	/ 2 )
	=	194626.848	/	1263292.148
	=	15.41 %

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

PT Jasa Armada Indonesia Tbk (ISX:IPCM) 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 Jasa Armada Indonesia Tbk ROCE % Related Terms

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PT Jasa Armada Indonesia Tbk (ISX:IPCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Jasa Armada Indonesia Tbk (ISX:IPCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Ancol Baru, Ancol Timur, Jakarta Utara, Gedung Rukindo, Jakarta, IDN, 14430

Website

https://www.ipcmarine.co.id

PT Jasa Armada Indonesia Tbk is engaged in pilotage and towage services for container vessels, dry and liquid bulk, inland waterways, and offshore STS. The company also provides fleet maintenance services. The operating segments of the company are vessel services, freight, and other services, and Fleet management services. The company generates maximum revenue from the Vessel services segment.