PT Medco Energi Internasional Tbk (STU:MEF) ROCE % : 14.42% (As of Sep. 2024)

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What is PT Medco Energi Internasional 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 Medco Energi Internasional Tbk's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.42%.

PT Medco Energi Internasional Tbk ROCE % Historical Data

The historical data trend for PT Medco Energi Internasional 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 Medco Energi Internasional Tbk ROCE % Chart

PT Medco Energi Internasional Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.22

3.31

11.09

26.27

17.07

PT Medco Energi Internasional Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															21.35	20.87	14.58	17.48	14.42

PT Medco Energi Internasional Tbk ROCE % Calculation

PT Medco Energi Internasional 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 )
	=	920.536	/	( ( (6543.719 - 1302.072)	+	(6848.446 - 1304.038) )	/ 2 )
	=	920.536	/	( (5241.647	+	5544.408)	/ 2 )
	=	920.536	/	5393.0275
	=	17.07 %

PT Medco Energi Internasional Tbk's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	831.82	/	( ( (6968.901 - 1148.26)	+	(6921.614 - 1206.805) )	/ 2 )
	=	831.82	/	( ( 5820.641	+	5714.809 )	/ 2 )
	=	831.82	/	5767.725
	=	14.42 %

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

PT Medco Energi Internasional Tbk (STU:MEF) 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 Medco Energi Internasional Tbk Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Medco Energi Internasional Tbk (STU:MEF) » Definitions » ROCE %

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MEDC:Indonesia

Address

SCBD Lot 11A, Jalan Jenderal Sudirman Kav. 52-53, The Energy Building, 53rd Floor, Jakarta, IDN, 12190

Website

http://www.medcoenergi.com

PT Medco Energi Internasional Tbk is a Southeast Asian energy and natural resources company. It explores for and produces oil & gas predominantly in Indonesia and is expanding its presence in Southeast Asia. The company operates gas, PV, geothermal, and hydropower plants in Indonesia through its subsidiary and through a non-consolidated interest in Amman Mineral Nusa Tenggara operates an Indonesian copper and gold mine. The company's operating segments include the Exploration and production of oil and gas which generates key revenue, Services, Power, Chemicals, Trading, and Holding and related operations. Geographically, the company generates a majority of its revenue from Indonesia and the rest from the United States of America and Europe, Asia, Africa, and the Middle East.

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