PT TBS Energi Utama Tbk (ISX:TOBA) ROCE % : 14.99% (As of Mar. 2024)

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What is PT TBS Energi Utama 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 TBS Energi Utama Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.99%.

PT TBS Energi Utama Tbk ROCE % Historical Data

The historical data trend for PT TBS Energi Utama 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 TBS Energi Utama Tbk ROCE % Chart

PT TBS Energi Utama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.00

10.92

15.92

19.81

8.86

PT TBS Energi Utama 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															13.87	6.87	6.50	8.67	14.99

PT TBS Energi Utama Tbk ROCE % Calculation

PT TBS Energi Utama 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 )
	=	1081231.491	/	( ( (14147371.269 - 2075014.905)	+	(14611863.84 - 2287132.117) )	/ 2 )
	=	1081231.491	/	( (12072356.364	+	12324731.723)	/ 2 )
	=	1081231.491	/	12198544.0435
	=	8.86 %

PT TBS Energi Utama 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 )
	=	1843691.084	/	( ( (14611863.84 - 2287132.117)	+	(14583868.397 - 2307419.563) )	/ 2 )
	=	1843691.084	/	( ( 12324731.723	+	12276448.834 )	/ 2 )
	=	1843691.084	/	12300590.2785
	=	14.99 %

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

PT TBS Energi Utama Tbk (ISX:TOBA) 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 TBS Energi Utama Tbk ROCE % Related Terms

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PT TBS Energi Utama Tbk (ISX:TOBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT TBS Energi Utama Tbk (ISX:TOBA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jalan Jend Sudirman Kav. 52-53, Treasury Tower, Level 33, Office District 8, SCBD Lot 28, Jakarta, IDN, 12190

Website

https://www.tobabara.com

PT TBS Energi Utama Tbk is a thermal coal producer in Indonesia with a concession located in Sangasanga, Kutai Kartanegara, East Kalimantan. Its concession area is around 7,087 hectares consisting of 3 mines. The company also engages in palm oil manufacturing, and energy. Its segments include coal mining and trading, Coal Fixed Power Plants, and oil palm plantation with the majority of the revenue from the coal mining business.

PT TBS Energi Utama Tbk (ISX:TOBA) Headlines

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