PT Indo Kordsa Tbk (ISX:BRAM) ROCE % : 8.58% (As of Mar. 2024)

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What is PT Indo Kordsa 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 Kordsa Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.58%.

PT Indo Kordsa Tbk ROCE % Historical Data

The historical data trend for PT Indo Kordsa 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 Kordsa Tbk ROCE % Chart

PT Indo Kordsa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.67

-1.40

16.22

20.90

10.83

PT Indo Kordsa Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.07	12.00	6.49	13.76	8.58

PT Indo Kordsa Tbk ROCE % Calculation

PT Indo Kordsa 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 )
	=	403451.949	/	( ( (4576104.278 - 836402.192)	+	(4607316.122 - 899785.255) )	/ 2 )
	=	403451.949	/	( (3739702.086	+	3707530.867)	/ 2 )
	=	403451.949	/	3723616.4765
	=	10.83 %

PT Indo Kordsa Tbk's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	318864.396	/	( ( (4607316.122 - 899785.255)	+	(4576268.312 - 850716.15) )	/ 2 )
	=	318864.396	/	( ( 3707530.867	+	3725552.162 )	/ 2 )
	=	318864.396	/	3716541.5145
	=	8.58 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

PT Indo Kordsa Tbk (ISX:BRAM) 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 Indo Kordsa Tbk ROCE % Related Terms

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PT Indo Kordsa Tbk (ISX:BRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Indo Kordsa Tbk (ISX:BRAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Pahlawan, Desa Karang Asem Timur, Citeureup, Bogor, IDN, 16810

Website

https://www.indokordsa.com

PT Indo Kordsa Tbk is an Indonesian company engaged in the manufacturing and sale of tire reinforcement materials. The business activity of the group is functioned through various divisions which include, Tyre cord fabric, Nylon yarn, and Polyester yarn. The company generates a majority of its revenue from tyre cord fabric segment. Geographically, it derives a majority of its revenue from Thailand and also has a presence in Other Countries.

PT Indo Kordsa Tbk (ISX:BRAM) Headlines

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