PT Gudang Garam Tbk (ISX:GGRM) ROCE % : 6.21% (As of Mar. 2024)

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What is PT Gudang Garam 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 Gudang Garam Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.21%.

PT Gudang Garam Tbk ROCE % Historical Data

The historical data trend for PT Gudang Garam 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 Gudang Garam Tbk ROCE % Chart

PT Gudang Garam Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.00

17.54

11.99

6.46

12.16

PT Gudang Garam 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															17.61	12.31	10.92	7.99	6.21

PT Gudang Garam Tbk ROCE % Calculation

PT Gudang Garam 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 )
	=	7439598	/	( ( (88562617 - 29125010)	+	(92450823 - 29536433) )	/ 2 )
	=	7439598	/	( (59437607	+	62914390)	/ 2 )
	=	7439598	/	61175998.5
	=	12.16 %

PT Gudang Garam 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 )
	=	3927620	/	( ( (92450823 - 29536433)	+	(93270178 - 29674163) )	/ 2 )
	=	3927620	/	( ( 62914390	+	63596015 )	/ 2 )
	=	3927620	/	63255202.5
	=	6.21 %

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

PT Gudang Garam Tbk (ISX:GGRM) 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 Gudang Garam Tbk ROCE % Related Terms

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PT Gudang Garam Tbk (ISX:GGRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » PT Gudang Garam Tbk (ISX:GGRM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GGNPF:USA GDNGY:USA GGG:Germany

Address

Jl. Semampir II/1, East Java, Kediri, IDN, 64121

Website

https://www.gudanggaramtbk.com

PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot.

PT Gudang Garam Tbk (ISX:GGRM) Headlines

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