PT Tirta Mahakam Resources Tbk (ISX:TIRT) ROCE % : -13.68% (As of Jun. 2024)

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What is PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.68%.

PT Tirta Mahakam Resources Tbk ROCE % Historical Data

The historical data trend for PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk ROCE % Chart

PT Tirta Mahakam Resources Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.07

-289.87

-381.33

-78.91

-21.18

PT Tirta Mahakam Resources Tbk Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-11.56	-39.63	-27.79	-12.96	-13.68

PT Tirta Mahakam Resources Tbk ROCE % Calculation

PT Tirta Mahakam Resources 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 )
	=	-34573.747	/	( ( (252098.033 - 141395.664)	+	(216182.46 - 371.609) )	/ 2 )
	=	-34573.747	/	( (110702.369	+	215810.851)	/ 2 )
	=	-34573.747	/	163256.61
	=	-21.18 %

PT Tirta Mahakam Resources Tbk's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-28497.188	/	( ( (211329.463 - 469.662)	+	(205832.616 - 97.111) )	/ 2 )
	=	-28497.188	/	( ( 210859.801	+	205735.505 )	/ 2 )
	=	-28497.188	/	208297.653
	=	-13.68 %

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

PT Tirta Mahakam Resources Tbk (ISX:TIRT) 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 Tirta Mahakam Resources Tbk ROCE % Related Terms

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PT Tirta Mahakam Resources Tbk Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Tirta Mahakam Resources Tbk (ISX:TIRT) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Jalan Let. Jend Soepeno Number 34 , Arteri Permata Hijau, Gapura Prima Office Tower (The Bellezza) 20th Floor, Jakarta Selatan, Jakarta, IDN, 12210

Website

https://www.tirtamahakam.com

PT Tirta Mahakam Resources Tbk is an Indonesia-based wood manufacturing company. The company is engaged in the manufacturing and selling of plywood, hardwood, and related wood products. The company's main products are floor base, general plywood, concrete panel, structure panel, bare core, blockboard, polyester plywood, and polyester blockboard. The products offered by the company are distributed within the domestic market and to overseas markets such as Jepang, India, Taiwan, and other countries.

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