PT Bukit Asam Tbk (PT Bukit Asam Tbk) ROCE % : 46.35% (As of Dec. 2023)

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What is PT Bukit Asam 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 Bukit Asam Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 46.35%.

PT Bukit Asam Tbk ROCE % Historical Data

The historical data trend for PT Bukit Asam 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 Bukit Asam Tbk ROCE % Chart

PT Bukit Asam Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.74

15.83

42.70

49.36

26.36

PT Bukit Asam 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															40.88	18.02	28.39	21.81	46.35

PT Bukit Asam Tbk ROCE % Calculation

PT Bukit Asam 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 )
	=	536.474	/	( ( (2883.428 - 680.299)	+	(2514.607 - 646.607) )	/ 2 )
	=	536.474	/	( (2203.129	+	1868)	/ 2 )
	=	536.474	/	2035.5645
	=	26.36 %

PT Bukit Asam 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 )
	=	818.5	/	( ( (2318.979 - 655.535)	+	(2514.607 - 646.607) )	/ 2 )
	=	818.5	/	( ( 1663.444	+	1868 )	/ 2 )
	=	818.5	/	1765.722
	=	46.35 %

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

PT Bukit Asam Tbk (OTCPK:TBNGY) 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 Bukit Asam Tbk ROCE % Related Terms

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PT Bukit Asam Tbk (PT Bukit Asam Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Bukit Asam Tbk (OTCPK:TBNGY) » Definitions » ROCE %

Traded in Other Exchanges

PBATF:USA PTBA:Indonesia TBA:Germany

Address

Jalan Parigi No. 1, Tanjung Enim, Muara Enim, South Sumatra, Palembang, IDN, 31716

Website

https://www.ptba.co.id

PT Bukit Asam Tbk is an Indonesia-based company engaged in the coal mining industry and related activities, including general probing, exploration, exploitation, processing, transportation, and trading, managing coal port facilities for own needs or other parties, operating coal-fired power plants for own needs and other parties, and providing consulting and engineering services related to the coal mining industry and its processed products, plantation development, and health services. The company earns a majority of its revenue from Indonesia.

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