PT Golden Energy Mines Tbk (ISX:GEMS) ROCE % : 105.07% (As of Dec. 2023)

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What is PT Golden Energy Mines 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 Golden Energy Mines Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 105.07%.

PT Golden Energy Mines Tbk ROCE % Historical Data

The historical data trend for PT Golden Energy Mines 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 Golden Energy Mines Tbk ROCE % Chart

PT Golden Energy Mines Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.94

27.86

106.31

177.60

101.09

PT Golden Energy Mines 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															187.16	154.81	59.78	35.79	105.07

PT Golden Energy Mines Tbk ROCE % Calculation

PT Golden Energy Mines 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 )
	=	10643478.958	/	( ( (17761681.456 - 7444843.138)	+	(20226430.103 - 9486662.854) )	/ 2 )
	=	10643478.958	/	( (10316838.318	+	10739767.249)	/ 2 )
	=	10643478.958	/	10528302.7835
	=	101.09 %

PT Golden Energy Mines 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 )
	=	10967183.976	/	( ( (17842336.601 - 7705661.244)	+	(20226430.103 - 9486662.854) )	/ 2 )
	=	10967183.976	/	( ( 10136675.357	+	10739767.249 )	/ 2 )
	=	10967183.976	/	10438221.303
	=	105.07 %

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

PT Golden Energy Mines Tbk (ISX:GEMS) 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 Golden Energy Mines Tbk ROCE % Related Terms

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PT Golden Energy Mines Tbk (ISX:GEMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Golden Energy Mines Tbk (ISX:GEMS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jalan MH Thamrin No. 51, Sinar Mas Land Plaza, Tower II, 6th Floor, Jakarta Pusat, Jakarta, IDN, 10350

Website

https://www.goldenenergymines.com

PT Golden Energy Mines Tbk is engaged in the mining and coal trading business. The company is structured in two segments namely, Coal Mining Segment and Coal Trading Segment. Its principal activities include the exploration, mining, processing, and marketing of thermal coal. The company operates in three concession areas: South Kalimantan, Jambi and Central Kalimantan. Most of its revenue is derived from Indonesia.

PT Golden Energy Mines Tbk (ISX:GEMS) Headlines

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