PT Pam Mineral Tbk (ISX:NICL) ROCE % : 67.44% (As of Sep. 2024)

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What is PT Pam Mineral 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 Pam Mineral Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 67.44%.

PT Pam Mineral Tbk ROCE % Historical Data

The historical data trend for PT Pam Mineral 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 Pam Mineral Tbk ROCE % Chart

PT Pam Mineral Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-38.04

63.39

26.42

47.00

7.36

PT Pam Mineral Tbk Quarterly Data
	Dec17	Dec18	Dec19	Oct20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-0.88	-21.81	10.30	34.95	67.44

PT Pam Mineral Tbk ROCE % Calculation

PT Pam Mineral 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 )
	=	46664.087	/	( ( (600874.396 - 92472.758)	+	(856837.978 - 97143.057) )	/ 2 )
	=	46664.087	/	( (508401.638	+	759694.921)	/ 2 )
	=	46664.087	/	634048.2795
	=	7.36 %

PT Pam Mineral 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 )
	=	552704.184	/	( ( (918715.743 - 122645.686)	+	(978351.276 - 135377.6) )	/ 2 )
	=	552704.184	/	( ( 796070.057	+	842973.676 )	/ 2 )
	=	552704.184	/	819521.8665
	=	67.44 %

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

PT Pam Mineral Tbk (ISX:NICL) 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 Pam Mineral Tbk ROCE % Related Terms

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PT Pam Mineral Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Pam Mineral Tbk (ISX:NICL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Jl. Batu Jajar, No. 37, Lantai 5, Jakarta Pusat, Jakarta, IDN, 10120

Website

https://www.pammineral.co.id

PT Pam Mineral Tbk is engaged in the mining business. Currently, the company does not engage in commercial and production activity.

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