PTrana Mitra Luas TBK (ISX:SMIL) ROCE % : 15.57% (As of Mar. 2024)

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What is PTrana Mitra Luas 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. PTrana Mitra Luas TBK's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.57%.

PTrana Mitra Luas TBK ROCE % Historical Data

The historical data trend for PTrana Mitra Luas 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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PTrana Mitra Luas TBK ROCE % Chart

PTrana Mitra Luas TBK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

13.37

15.88

20.15

13.60

16.01

PTrana Mitra Luas TBK Quarterly Data
	Dec19	Dec20	Dec21	Oct22	Mar23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-	-	15.57

PTrana Mitra Luas TBK ROCE % Calculation

PTrana Mitra Luas 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 )
	=	101627.533	/	( ( (612791.09 - 67694.885)	+	(877060.602 - 152804.058) )	/ 2 )
	=	101627.533	/	( (545096.205	+	724256.544)	/ 2 )
	=	101627.533	/	634676.3745
	=	16.01 %

PTrana Mitra Luas 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 )
	=	115120.68	/	( ( (877060.602 - 152804.058)	+	(875995.446 - 121644.926) )	/ 2 )
	=	115120.68	/	( ( 724256.544	+	754350.52 )	/ 2 )
	=	115120.68	/	739303.532
	=	15.57 %

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

PTrana Mitra Luas TBK (ISX:SMIL) 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.

PTrana Mitra Luas TBK ROCE % Related Terms

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PTrana Mitra Luas TBK (ISX:SMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Sarana Mitra Luas TBK (ISX:SMIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Gemalapik Pasirsari, Raya No. 130 – 111, Cikarang Selatan, Jawa Barat, Bekasi, IDN, 17530

Website

https://www.sml.co.id

PT Sarana Mitra Luas TBK is a forklift rental company. PT. Sarana Mitra Luas has become one of the leading forklift rental companies in Indonesia with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has one business segment, namely forklift rental services.

PTrana Mitra Luas TBK (ISX:SMIL) Headlines

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