PT Kencana Energi Lestari Tbk (ISX:KEEN) ROCE % : 6.93% (As of Mar. 2024)

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What is PT Kencana Energi Lestari 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 Kencana Energi Lestari Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.93%.

PT Kencana Energi Lestari Tbk ROCE % Historical Data

The historical data trend for PT Kencana Energi Lestari 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 Kencana Energi Lestari Tbk ROCE % Chart

PT Kencana Energi Lestari Tbk Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.16

3.76

6.84

8.62

7.93

PT Kencana Energi Lestari 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															10.42	9.33	7.63	4.66	6.93

PT Kencana Energi Lestari Tbk ROCE % Calculation

PT Kencana Energi Lestari 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 )
	=	383503.654	/	( ( (4972887.6 - 273829.731)	+	(5438623.537 - 471482.726) )	/ 2 )
	=	383503.654	/	( (4699057.869	+	4967140.811)	/ 2 )
	=	383503.654	/	4833099.34
	=	7.93 %

PT Kencana Energi Lestari 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 )
	=	346119.872	/	( ( (5438623.537 - 471482.726)	+	(5369791.129 - 349403.478) )	/ 2 )
	=	346119.872	/	( ( 4967140.811	+	5020387.651 )	/ 2 )
	=	346119.872	/	4993764.231
	=	6.93 %

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

PT Kencana Energi Lestari Tbk (ISX:KEEN) 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 Kencana Energi Lestari Tbk (ISX:KEEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Kencana Energi Lestari Tbk (ISX:KEEN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jl. Meruya Ilir Raya no. 88, Kencana Tower, 11th floor, Business Park Kebon Jeruk, Jakarta Barat, IDN, 11620

Website

https://www.kencanaenergy.com

PT Kencana Energi Lestari Tbk is a prominent renewable energy provider company in Indonesia. It generates renewable energy for industries and homes in Indonesia. Through subsidiaries, the company operates three hydropower plants located in three separate Indonesian provinces, namely North Sumatra, Bengkulu, and South Sulawesi.

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