PT City Retail Developments Tbk (ISX:NIRO) ROCE % : -0.44% (As of Dec. 2023)

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What is PT City Retail Developments 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 City Retail Developments Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.44%.

PT City Retail Developments Tbk ROCE % Historical Data

The historical data trend for PT City Retail Developments 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 City Retail Developments Tbk ROCE % Chart

PT City Retail Developments Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.81

3.96

0.95

1.20

1.80

PT City Retail Developments 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															5.62	4.56	1.75	2.09	-0.44

PT City Retail Developments Tbk ROCE % Calculation

PT City Retail Developments 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 )
	=	205663.517	/	( ( (12930967.695 - 2047123.05)	+	(13584895.893 - 1576075.622) )	/ 2 )
	=	205663.517	/	( (10883844.645	+	12008820.271)	/ 2 )
	=	205663.517	/	11446332.458
	=	1.80 %

PT City Retail Developments 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 )
	=	-49193.504	/	( ( (13666762.732 - 3313436.053)	+	(13584895.893 - 1576075.622) )	/ 2 )
	=	-49193.504	/	( ( 10353326.679	+	12008820.271 )	/ 2 )
	=	-49193.504	/	11181073.475
	=	-0.44 %

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

PT City Retail Developments Tbk (ISX:NIRO) 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 City Retail Developments Tbk ROCE % Related Terms

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PT City Retail Developments Tbk (ISX:NIRO) Business Description

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Address

Jalan Jend. Gatot Subroto No. 38, Gedung Menara Jamsostek, Menara Utara Floor 8, Kuningan Barat, Mampang Prapatan, Selatan, Jakarta, IDN, 12710

Website

https://www.cityretaildevelopments.com

PT City Retail Developments Tbk is an Indonesia-based lease retail developer. It develops, operates, and owns shopping malls across Indonesia's young and upstart cities. The Company's business segments are shopping centers, real estate (sale of land lots, Condotel, and shophouses), hotels, and others (investment outside real estate activities). It generates maximum revenue from the Shopping Mall segment.

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