PT Polychem Indonesia Tbk (ISX:ADMG) ROCE % : -21.79% (As of Dec. 2023)

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What is PT Polychem Indonesia 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 Polychem Indonesia Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.79%.

PT Polychem Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Polychem Indonesia 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 Polychem Indonesia Tbk ROCE % Chart

PT Polychem Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.01

-17.14

0.42

-16.87

-13.33

PT Polychem Indonesia 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															-18.05	-22.57	-2.15	-6.75	-21.79

PT Polychem Indonesia Tbk ROCE % Calculation

PT Polychem Indonesia 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 )
	=	-292826.784	/	( ( (2705734.111 - 336565.008)	+	(2446764.723 - 422937.764) )	/ 2 )
	=	-292826.784	/	( (2369169.103	+	2023826.959)	/ 2 )
	=	-292826.784	/	2196498.031
	=	-13.33 %

PT Polychem Indonesia 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 )
	=	-456745.036	/	( ( (2500337.69 - 331045.319)	+	(2446764.723 - 422937.764) )	/ 2 )
	=	-456745.036	/	( ( 2169292.371	+	2023826.959 )	/ 2 )
	=	-456745.036	/	2096559.665
	=	-21.79 %

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

PT Polychem Indonesia Tbk (ISX:ADMG) 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 Polychem Indonesia Tbk ROCE % Related Terms

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PT Polychem Indonesia Tbk (ISX:ADMG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PT Polychem Indonesia Tbk (ISX:ADMG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

P2I:Germany

Address

Jalan Jend. Sudirman Kavling 1 RT.010 RW.009, Gedung Wisma 46-Kota BNI 20th Floor, Karet Tengsin Tanah Abang Kota Adm., Jakarta Pusat DKI, Jakarta, IDN, 10220

Website

https://www.polychemindo.com

PT Polychem Indonesia Tbk is an Indonesia-based company that manufactures polyester chips, polyester filaments, engineering plastic, engineering resin, ethylene glycol, polyester staple fiber, and petrochemical. The company is also engaged in knitting, weaving, spinning, and textile manufacturing. The Company markets its products to various countries in Asia, the Middle East, North America, Canada, and Latin America. The Company has also penetrated into European and African markets.

PT Polychem Indonesia Tbk (ISX:ADMG) Headlines

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