PT Jasa Marga (Persero) Tbk (PT Jasa Marga (Persero) Tbk) ROCE % : 6.89% (As of Mar. 2024)

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What is PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.89%.

PT Jasa Marga (Persero) Tbk ROCE % Historical Data

The historical data trend for PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk ROCE % Chart

PT Jasa Marga (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.53

5.03

6.95

7.89

12.01

PT Jasa Marga (Persero) 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															7.96	7.35	25.77	7.98	6.89

PT Jasa Marga (Persero) Tbk ROCE % Calculation

PT Jasa Marga (Persero) 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 )
	=	716.621	/	( ( (5793.604 - 771.915)	+	(8388.167 - 1480.356) )	/ 2 )
	=	716.621	/	( (5021.689	+	6907.811)	/ 2 )
	=	716.621	/	5964.75
	=	12.01 %

PT Jasa Marga (Persero) 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 )
	=	481.608	/	( ( (8388.167 - 1480.356)	+	(8460.011 - 1388.086) )	/ 2 )
	=	481.608	/	( ( 6907.811	+	7071.925 )	/ 2 )
	=	481.608	/	6989.868
	=	6.89 %

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

PT Jasa Marga (Persero) Tbk (OTCPK:PTJSY) 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.

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PT Jasa Marga (Persero) Tbk (PT Jasa Marga (Persero) Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PT Jasa Marga (Persero) Tbk (OTCPK:PTJSY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PTJSF:USA JSMR:Indonesia 0JM:Germany

Address

Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550

Website

https://www.jasamarga.com

PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.

PT Jasa Marga (Persero) Tbk (PT Jasa Marga (Persero) Tbk) Headlines

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