PT Jakarta International Hotels Dan Development Tbk (ISX:JIHD) ROCE % : 4.39% (As of Dec. 2023)

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What is PT Jakarta International Hotels Dan Development 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 Jakarta International Hotels Dan Development Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.39%.

PT Jakarta International Hotels Dan Development Tbk ROCE % Historical Data

The historical data trend for PT Jakarta International Hotels Dan Development 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 Jakarta International Hotels Dan Development Tbk ROCE % Chart

PT Jakarta International Hotels Dan Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.34

-0.88

-1.08

3.16

4.59

PT Jakarta International Hotels Dan Development Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.11	5.96	2.34	5.23	4.39

PT Jakarta International Hotels Dan Development Tbk ROCE % Calculation

PT Jakarta International Hotels Dan Development 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 )
	=	263890.915	/	( ( (6578827.672 - 769119.391)	+	(6529925.187 - 828753.682) )	/ 2 )
	=	263890.915	/	( (5809708.281	+	5701171.505)	/ 2 )
	=	263890.915	/	5755439.893
	=	4.59 %

PT Jakarta International Hotels Dan Development Tbk's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	255801.752	/	( ( (6759670.462 - 807550.247)	+	(6529925.187 - 828753.682) )	/ 2 )
	=	255801.752	/	( ( 5952120.215	+	5701171.505 )	/ 2 )
	=	255801.752	/	5826645.86
	=	4.39 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

PT Jakarta International Hotels Dan Development Tbk (ISX:JIHD) 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.

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PT Jakarta International Hotels Dan Development Tbk (ISX:JIHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PT Jakarta International Hotels Dan Development Tbk (ISX:JIHD) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Jl. Jend. Sudirman Kav. 52-53, Gedung Artha Graha Lantai 15/15th Floor, Sudirman Central Business District, Jakarta, IDN, 12190

Website

https://www.jihd.co.id

PT Jakarta International Hotels Dan Development Tbk is engaged in the hotel business. The company operates in four segments, namely hotels, which owns and operates several hotels located in Indonesia; real estate, which is involved in the construction of office buildings, shopping malls, trade centers, and lease of office buildings and rooms; telecommunication Services, rendering telecommunication service management, closed fixed network, internet service providers, data center, and managed services and hospitality management services, that manages hotels and other related services. The company earns maximum revenue from the hotel business segment.

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