PTwit Sumbermasrana Tbk (ISX:SSMS) ROCE % : 30.28% (As of Mar. 2024)

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What is PTwit Sumbermasrana 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. PTwit Sumbermasrana Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 30.28%.

PTwit Sumbermasrana Tbk ROCE % Historical Data

The historical data trend for PTwit Sumbermasrana 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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PTwit Sumbermasrana Tbk ROCE % Chart

PTwit Sumbermasrana Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.21

13.14

24.66

34.16

17.04

PTwit Sumbermasrana 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															21.19	3.01	17.58	5.41	30.28

PTwit Sumbermasrana Tbk ROCE % Calculation

PTwit Sumbermasrana 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 )
	=	1194405.271	/	( ( (11136909.8 - 4172292.592)	+	(11810444.633 - 4754859.437) )	/ 2 )
	=	1194405.271	/	( (6964617.208	+	7055585.196)	/ 2 )
	=	1194405.271	/	7010101.202
	=	17.04 %

PTwit Sumbermasrana 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 )
	=	2152790.144	/	( ( (11810444.633 - 4754859.437)	+	(12156484.905 - 4994592.49) )	/ 2 )
	=	2152790.144	/	( ( 7055585.196	+	7161892.415 )	/ 2 )
	=	2152790.144	/	7108738.8055
	=	30.28 %

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

PTwit Sumbermasrana Tbk (ISX:SSMS) 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.

PTwit Sumbermasrana Tbk ROCE % Related Terms

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PTwit Sumbermasrana Tbk (ISX:SSMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sawit Sumbermas Sarana Tbk (ISX:SSMS) » Definitions » ROCE %

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Traded in Other Exchanges

16S:Germany

Address

Jalan H. Udan Said Number 47, Kalimantan Tengah, Pangkalan Bun, IDN, 74113

Website

https://www.ssms.co.id

PT Sawit Sumbermas Sarana Tbk operates several palm oil plantations and mills in Southeast Asia. It acquired land by either purchasing, obtaining land permits, or through a licensing process. The company harvests and processes the crops into crude palm oil, palm kernels, and palm kernel oil. Performance and plantation management is consistently monitored by agronomists, plant engineers, and experienced management. To achieve optimal capacity at its mills, the company may purchase crude palm oil from local farmers. It markets, sells, and distributes products directly to consumers and implemented a system where its sales team negotiates the price and delivery terms for each sale.

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