PT Indofood CBP Sukses Makmur Tbk (STU:48I) ROCE % : 14.11% (As of Mar. 2024)

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What is PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.11%.

PT Indofood CBP Sukses Makmur Tbk ROCE % Historical Data

The historical data trend for PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk ROCE % Chart

PT Indofood CBP Sukses Makmur Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.39

16.34

12.55

9.31

12.53

PT Indofood CBP Sukses Makmur 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															22.86	12.61	9.53	5.56	14.11

PT Indofood CBP Sukses Makmur Tbk ROCE % Calculation

PT Indofood CBP Sukses Makmur 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 )
	=	801.209	/	( ( (6919.358 - 602.125)	+	(7094.441 - 622.45) )	/ 2 )
	=	801.209	/	( (6317.233	+	6471.991)	/ 2 )
	=	801.209	/	6394.612
	=	12.53 %

PT Indofood CBP Sukses Makmur 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 )
	=	928.504	/	( ( (7094.441 - 622.45)	+	(7351.963 - 667.672) )	/ 2 )
	=	928.504	/	( ( 6471.991	+	6684.291 )	/ 2 )
	=	928.504	/	6578.141
	=	14.11 %

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

PT Indofood CBP Sukses Makmur Tbk (STU:48I) 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 Indofood CBP Sukses Makmur Tbk (STU:48I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Indofood CBP Sukses Makmur Tbk (STU:48I) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PIFFY:USA ICBP:Indonesia 48I:Germany

Address

Jalan. Jend. Sudirman Kav 76-78, Sudirman Plaza, Indofood Tower, 23rd Floor, Jakarta, IDN, 12910

Website

https://www.indofoodcbp.com

PT Indofood CBP Sukses Makmur Tbk is a consumer products company. The company has more than 40 product brands in diverse business segments: such as noodles, dairy, food seasoning, snack foods, nutrition, and special foods and beverages. The company also produces packaging to support its main businesses. Its main market is Indonesia; additionally, its products are present in more than 60 countries globally. The noodles division offers halal-certified noodles, sauces, and instant seasoning; its main brands are Indomie, Supermi, Sarimi, and Sakura.

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