PT Dharma Polimetal Tbk (ISX:DRMA) ROCE % : 28.97% (As of Mar. 2024)

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What is PT Dharma Polimetal 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 Dharma Polimetal Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.97%.

PT Dharma Polimetal Tbk ROCE % Historical Data

The historical data trend for PT Dharma Polimetal 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 Dharma Polimetal Tbk ROCE % Chart

PT Dharma Polimetal Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.62

7.82

35.73

35.06

39.74

PT Dharma Polimetal Tbk Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												59.06	34.43	41.47	20.55	28.97

PT Dharma Polimetal Tbk ROCE % Calculation

PT Dharma Polimetal 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 )
	=	809984.59	/	( ( (2682993.618 - 1055491.42)	+	(3385541.562 - 936752.913) )	/ 2 )
	=	809984.59	/	( (1627502.198	+	2448788.649)	/ 2 )
	=	809984.59	/	2038145.4235
	=	39.74 %

PT Dharma Polimetal 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 )
	=	730061.508	/	( ( (3385541.562 - 936752.913)	+	(3573032.977 - 982465.82) )	/ 2 )
	=	730061.508	/	( ( 2448788.649	+	2590567.157 )	/ 2 )
	=	730061.508	/	2519677.903
	=	28.97 %

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

PT Dharma Polimetal Tbk (ISX:DRMA) 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 Dharma Polimetal Tbk ROCE % Related Terms

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PT Dharma Polimetal Tbk (ISX:DRMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Dharma Polimetal Tbk (ISX:DRMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Delta Silicon 1 Cikarang, Jl. Angsana Raya Blok A9, West Java, IDN, 17550

Website

https://www.dharmagroup.co.id

PT Dharma Polimetal Tbk is engaged in the business of automotive components for motorcycles and cars. The Company's business activities are divided into three operating segments, such as two-wheel segment, four-wheel segment and other segments. The Company's business focus is manufacturing various Original Equipment Manufacturer (OEM) components for two-wheel and four-wheel vehicles.