PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) ROCE % : 26.72% (As of Dec. 2023)

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What is PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.72%.

PT Indo Tambangraya Megah Tbk ROCE % Historical Data

The historical data trend for PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk ROCE % Chart

PT Indo Tambangraya Megah Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.48

7.89

55.31

92.22

32.74

PT Indo Tambangraya Megah Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															77.91	49.07	35.41	27.14	26.72

PT Indo Tambangraya Megah Tbk ROCE % Calculation

PT Indo Tambangraya Megah 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 )
	=	646.26	/	( ( (2640.177 - 585.613)	+	(2187.847 - 294.254) )	/ 2 )
	=	646.26	/	( (2054.564	+	1893.593)	/ 2 )
	=	646.26	/	1974.0785
	=	32.74 %

PT Indo Tambangraya Megah Tbk's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	493.292	/	( ( (2148.813 - 350.272)	+	(2187.847 - 294.254) )	/ 2 )
	=	493.292	/	( ( 1798.541	+	1893.593 )	/ 2 )
	=	493.292	/	1846.067
	=	26.72 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) 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 Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) » Definitions » ROCE %

Traded in Other Exchanges

PTIZF:USA ITMG:Indonesia 3IB:Germany

Address

Jalan Sultan Iskandar Muda, Pondok Indah Office Tower III, 3rd Floor, Kav V-TA, Jakarta, IDN, 12310

Website

https://www.itmg.co.id

PT Indo Tambangraya Megah Tbk is an Indonesia-based coal mining company. It operates in three segments: Upstream business, which includes coal mining, blending, and sales; Energy supply chain management segment includes fuel distribution, sales, and logistics, as well as empowerment of internal mining contractors; and Downstream segment includes the development of power plants and renewable energy ventures. The company's geographical segments include Taiwan, China, Hong Kong, and Korea; Domestic; South East Asia (excluding Indonesia), India, and Pakistan; Japan; Europe; and Australia & Oceania.

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