PT Rig Tenders Indonesia Tbk (PT Rig Tenders Indonesia Tbk) ROCE % : 10.94% (As of Mar. 2024)

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What is PT Rig Tenders Indonesia 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 Rig Tenders Indonesia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.94%.

PT Rig Tenders Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Rig Tenders Indonesia 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 Rig Tenders Indonesia Tbk ROCE % Chart

PT Rig Tenders Indonesia Tbk Annual Data

Trend

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Jun23

ROCE %

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-22.01

-15.96

-11.53

6.01

9.62

PT Rig Tenders Indonesia Tbk Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.11	10.88	11.01	11.84	10.94

PT Rig Tenders Indonesia Tbk ROCE % Calculation

PT Rig Tenders Indonesia Tbk's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	4.194	/	( ( (43.677 - 1.882)	+	(46.497 - 1.097) )	/ 2 )
	=	4.194	/	( (41.795	+	45.4)	/ 2 )
	=	4.194	/	43.5975
	=	9.62 %

PT Rig Tenders Indonesia 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 )
	=	5.196	/	( ( (48.023 - 1.184)	+	(49.222 - 1.07) )	/ 2 )
	=	5.196	/	( ( 46.839	+	48.152 )	/ 2 )
	=	5.196	/	47.4955
	=	10.94 %

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

PT Rig Tenders Indonesia Tbk (GREY:RIGJF) 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 Rig Tenders Indonesia Tbk ROCE % Related Terms

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PT Rig Tenders Indonesia Tbk (PT Rig Tenders Indonesia Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Rig Tenders Indonesia Tbk (GREY:RIGJF) » Definitions » ROCE %

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RIGS:Indonesia

Address

Jl. HR Rasuna Said, GENERALI TOWER GRAN RUBINA BUSINESS PARK, 18th floor, Unit D Kawasan Rasuna Epicentrum, Selatan, Jakarta, IDN, 12940

Website

https://www.rigtenders.co.id

PT Rig Tenders Indonesia Tbk is a domestic and foreign shipping (especially offshore) and placement installation service and drilling rig offshore company. The company provides services as Offshore Support, Coal Transport, Other Services and Vessel. The company's operating segments are divided into two segments, namely Mining Material Segment and Offshore Segment. It generates maximum revenue from the mining commodities segment.

PT Rig Tenders Indonesia Tbk (PT Rig Tenders Indonesia Tbk) Headlines

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