PT Adiwarna Anugerah Abadi Tbk (ISX:NAIK) ROIC %: 20.25% (As of Mar. 2026)

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ISX:NAIK PT Adiwarna Anugerah Abadi Tbk ISX:NAIK
13 GF Score
Price Rp85.00
! 3 Warning Signs
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What is PT Adiwarna Anugerah Abadi Tbk ROIC %?

PT Adiwarna Anugerah Abadi Tbk ISX:NAIK +2.41% 13 ROIC % is 20.25% as of Mar. 2026. GuruFocus rates ISX:NAIK with a GF Score™ of 13/100. The stock has 3 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. PT Adiwarna Anugerah Abadi Tbk's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 20.25%.

As of today (2026-07-14), PT Adiwarna Anugerah Abadi Tbk's WACC % is 10.87%. PT Adiwarna Anugerah Abadi Tbk's ROIC % is 16.91% (calculated using TTM income statement data). PT Adiwarna Anugerah Abadi Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


PT Adiwarna Anugerah Abadi Tbk  (ISX:NAIK) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, PT Adiwarna Anugerah Abadi Tbk's WACC % is 10.87%. PT Adiwarna Anugerah Abadi Tbk's ROIC % is 16.91% (calculated using TTM income statement data). PT Adiwarna Anugerah Abadi Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


PT Adiwarna Anugerah Abadi Tbk ROIC % Related Terms


PT Adiwarna Anugerah Abadi Tbk ROIC % Historical Data

* Premium members only.

The historical data trend for PT Adiwarna Anugerah Abadi Tbk's ROIC % 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.

PT Adiwarna Anugerah Abadi Tbk ROIC % Chart

PT Adiwarna Anugerah Abadi Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
14.72 16.92 13.74 21.52 17.15

PT Adiwarna Anugerah Abadi Tbk Quarterly Data
Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.11 11.14 22.32 12.86 20.25

ISX:NAIK vs CRH, VMC, MLM: ROIC % Comparison

For the Building Materials subindustry, PT Adiwarna Anugerah Abadi Tbk's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Adiwarna Anugerah Abadi Tbk ROIC % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Adiwarna Anugerah Abadi Tbk's ROIC % distribution charts can be found below:

* The bar in red indicates where PT Adiwarna Anugerah Abadi Tbk's ROIC % falls into.


ISX:NAIK
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PT Adiwarna Anugerah Abadi Tbk ISX:NAIK
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PT Adiwarna Anugerah Abadi Tbk ROIC % Calculation

PT Adiwarna Anugerah Abadi Tbk's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=32698.397 * ( 1 - 9.27% )/( (157551.787 + 188432.352)/ 2 )
=29667.2555981/172992.0695
=17.15 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=239959.067 - 6712.625 - ( 75694.655 - max(0, 55857.498 - 204021.015+75694.655))
=157551.787

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=277268.302 - 19245.386 - ( 69590.564 - max(0, 59442.881 - 209316.225+69590.564))
=188432.352

PT Adiwarna Anugerah Abadi Tbk's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=42164.74 * ( 1 - 5.56% )/( (188432.352 + 204915.866)/ 2 )
=39820.380456/196674.109
=20.25 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=277268.302 - 19245.386 - ( 69590.564 - max(0, 59442.881 - 209316.225+69590.564))
=188432.352

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=265086.867 - 9055.461 - ( 51115.54 - max(0, 36130.872 - 196765.821+51115.54))
=204915.866

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 20.25% mean?
PT Adiwarna Anugerah Abadi Tbk (ISX:NAIK) has a ROIC % of 20.25% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PT Adiwarna Anugerah Abadi Tbk and its competitors.
Is PT Adiwarna Anugerah Abadi Tbk's ROIC % too high?
PT Adiwarna Anugerah Abadi Tbk's current ROIC % is 20.25%. The Building Materials industry median ROIC % is 3.39. PT Adiwarna Anugerah Abadi Tbk's value of 20.25% is 498.2% above this industry median. Overall, PT Adiwarna Anugerah Abadi Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Adiwarna Anugerah Abadi Tbk's ROIC % compare to CRH and VMC?
PT Adiwarna Anugerah Abadi Tbk's ROIC % of 20.25% can be compared against companies in the Building Materials industry. The industry median ROIC % is 3.39. PT Adiwarna Anugerah Abadi Tbk's value of 20.25% is 498.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Building Materials company?
The median ROIC % among Building Materials companies is 3.39, based on 398 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Adiwarna Anugerah Abadi Tbk's current ROIC % of 20.25% is 498.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PT Adiwarna Anugerah Abadi Tbk and its competitors. For the Building Materials industry, the median ROIC % is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Adiwarna Anugerah Abadi Tbk's current ROIC % is 20.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adiwarna Anugerah Abadi Tbk stock overvalued right now?
PT Adiwarna Anugerah Abadi Tbk (ISX:NAIK) has a current ROIC % of 20.25%. The current ROIC % is 20.25% and 498.2% above the Building Materials industry median of 3.39. PT Adiwarna Anugerah Abadi Tbk's overall GF Score™ is 13/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For PT Adiwarna Anugerah Abadi Tbk (ISX:NAIK), the current ROIC % is 20.25% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Adiwarna Anugerah Abadi Tbk Business Description

Address Jalan Outer Ring Road, Perkantoran Mutiara Taman Palem No. 53, Cengkareng Kecamatan Cengkareng, Kota Jakarta Barat, Daerah Khusus Ibukota, Jakarta, IDN, 11730
PT Adiwarna Anugerah Abadi Tbk provides integrated fire protection solutions, focusing on high-risk projects across oil and gas, data centers, banking, power generation, petrochemical, and industrial sectors. Its main product is the sale, installation and maintenance of fire protection systems. The Company is an official distributor of fire protection system products, including Fire Eater, Kidde Commercial, Progard, Tyco, Afco, and Gemtex, and provides design and engineering services. Its product include fire suppression systems using Inergen, fire alarm systems, foam systems, sprinkler systems, control valves, and CO2 and FM200 systems. Its activities also include machinery repair, equipment rental with operators, and leasing of construction and civil engineering equipment.
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