PT Astra International Tbk (PT Astra International Tbk) ROCE % : 19.07% (As of Dec. 2023)

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What is PT Astra International 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 Astra International Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.07%.

PT Astra International Tbk ROCE % Historical Data

The historical data trend for PT Astra International 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 Astra International Tbk ROCE % Chart

PT Astra International Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.32

9.90

13.35

17.96

19.00

PT Astra International 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															15.59	20.01	20.51	18.05	19.07

PT Astra International Tbk ROCE % Calculation

PT Astra International 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 )
	=	3752.011	/	( ( (26272.774 - 7577.268)	+	(28910.158 - 8109.886) )	/ 2 )
	=	3752.011	/	( (18695.506	+	20800.272)	/ 2 )
	=	3752.011	/	19747.889
	=	19.00 %

PT Astra International 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 )
	=	3783.34	/	( ( (28531.174 - 9661.664)	+	(28910.158 - 8109.886) )	/ 2 )
	=	3783.34	/	( ( 18869.51	+	20800.272 )	/ 2 )
	=	3783.34	/	19834.891
	=	19.07 %

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

PT Astra International Tbk (OTCPK:PTAIY) 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 Astra International Tbk ROCE % Related Terms

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PT Astra International Tbk (PT Astra International Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Astra International Tbk (OTCPK:PTAIY) » Definitions » ROCE %

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Traded in Other Exchanges

ASII:Indonesia ASJA:Germany

Address

Jl. Jend. Sudirman Kav. 5-6, Menara Astra, 59th Floor, Jakarta, IDN, 10220

Website

https://www.astra.co.id

PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive, Financial Services, Heavy Equipment, Mining, Construction, and Energy (HEMCE), Agribusiness, Infrastructure and Logistics, Information Technology, and Property. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining.

PT Astra International Tbk (PT Astra International Tbk) Headlines

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