PT Pelangi Indah Canindo Tbk (ISX:PICO) ROCE % : 6.22% (As of Sep. 2024)

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What is PT Pelangi Indah Canindo 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 Pelangi Indah Canindo Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.22%.

PT Pelangi Indah Canindo Tbk ROCE % Historical Data

The historical data trend for PT Pelangi Indah Canindo 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 Pelangi Indah Canindo Tbk ROCE % Chart

PT Pelangi Indah Canindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.46

-4.30

-10.64

3.53

2.13

PT Pelangi Indah Canindo Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.30	2.09	5.65	6.20	6.22

PT Pelangi Indah Canindo Tbk ROCE % Calculation

PT Pelangi Indah Canindo 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 )
	=	15109.5	/	( ( (1014888.116 - 157575.158)	+	(736044.302 - 175796.528) )	/ 2 )
	=	15109.5	/	( (857312.958	+	560247.774)	/ 2 )
	=	15109.5	/	708780.366
	=	2.13 %

PT Pelangi Indah Canindo 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 )
	=	28507.904	/	( ( (682878.81 - 218801.531)	+	(663696.648 - 211096.629) )	/ 2 )
	=	28507.904	/	( ( 464077.279	+	452600.019 )	/ 2 )
	=	28507.904	/	458338.649
	=	6.22 %

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

PT Pelangi Indah Canindo Tbk (ISX:PICO) 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 Pelangi Indah Canindo Tbk ROCE % Related Terms

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PT Pelangi Indah Canindo Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PT Pelangi Indah Canindo Tbk (ISX:PICO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Daan Mogot Km. 17 No. 700, Jakarta, IDN, 11840

Website

https://www.pic.co.id

PT Pelangi Indah Canindo Tbk is an Indonesia-based company that engages in the production of metal packaging. The company is in the business of the metal packaging industry in Indonesia for a variety of drum products, liquefied petroleum gas (LPG) tubes, canned pails, food cans, and canned packaging. Its production facilities are in Tangerang, Jawa Tengah, Cilegon, and Surabaya, Indonesia. The Company's product segment consists of metal containers, cans, drums, gas cylinders, and metal printing services. The company generates the majority of its revenue from Drum segment.

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