PT PP Properti Tbk (ISX:PPRO) ROCE % : 1.12% (As of Mar. 2024)

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What is PT PP Properti 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 PP Properti Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.12%.

PT PP Properti Tbk ROCE % Historical Data

The historical data trend for PT PP Properti 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 PP Properti Tbk ROCE % Chart

PT PP Properti Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.12

1.91

1.22

1.11

-2.94

PT PP Properti 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															0.70	-0.15	-0.37	-11.25	1.12

PT PP Properti Tbk ROCE % Calculation

PT PP Properti 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 )
	=	-296123.305	/	( ( (21812999.449 - 8913509.462)	+	(19693388.489 - 12477301.73) )	/ 2 )
	=	-296123.305	/	( (12899489.987	+	7216086.759)	/ 2 )
	=	-296123.305	/	10057788.373
	=	-2.94 %

PT PP Properti 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 )
	=	92535.816	/	( ( (19693388.489 - 12477301.73)	+	(19201153.155 - 9865405.567) )	/ 2 )
	=	92535.816	/	( ( 7216086.759	+	9335747.588 )	/ 2 )
	=	92535.816	/	8275917.1735
	=	1.12 %

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

PT PP Properti Tbk (ISX:PPRO) 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 PP Properti Tbk ROCE % Related Terms

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PT PP Properti Tbk (ISX:PPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT PP Properti Tbk (ISX:PPRO) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jalan Letjend. TB. Simatupang No. 57, Plaza PP, 7th Floor, Pasar Rebo, Jakarta Timur, Jakarta, IDN, 13760

Website

https://www.pp-properti.com

PP Properti TBK is an Indonesian property development company that specializes in developing residential, mall/entertainment, and hotel properties. PT PP Persero Tbk is the majority shareholder in PP Properti TBK and is PP Properti TBK's parent company with almost 65% of shares held. The Government of the Republic of Indonesia holds 51% of PT PP Persero TBK; therefore, it is the ultimate owner of PP Properti TBK.

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