PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) ROCE % : 1.40% (As of Mar. 2024)

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What is PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.40%.

PT Garuda Indonesia (Persero) Tbk ROCE % Historical Data

The historical data trend for PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) Tbk ROCE % Chart

PT Garuda Indonesia (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.39

-54.09

-101.02

148.81

13.54

PT Garuda Indonesia (Persero) 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															-1.80	11.81	10.71	35.79	1.40

PT Garuda Indonesia (Persero) Tbk ROCE % Calculation

PT Garuda Indonesia (Persero) 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 )
	=	10658185.815	/	( ( (98083034.575 - 26444303.564)	+	(103713327.28 - 17962036.576) )	/ 2 )
	=	10658185.815	/	( (71638731.011	+	85751290.704)	/ 2 )
	=	10658185.815	/	78695010.8575
	=	13.54 %

PT Garuda Indonesia (Persero) 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 )
	=	1179015.132	/	( ( (103713327.28 - 17962036.576)	+	(103688106.716 - 21497756.202) )	/ 2 )
	=	1179015.132	/	( ( 85751290.704	+	82190350.514 )	/ 2 )
	=	1179015.132	/	83970820.609
	=	1.40 %

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

PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) 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.

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PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YGD:Germany

Address

Jalan Kebon Sirih No. 46A, Jakarta, IDN, 10110

Website

https://www.garuda-indonesia.com

PT Garuda Indonesia (Persero) Tbk provides airline services in Indonesia and internationally. It operates through Flight Operations, Aircraft Maintenance, and Others segments. It provides scheduled and non-scheduled airline services for domestic and international markets; and aircraft repair, maintenance, and overhaul services. The company also offers computerized reservation system (CRS); training facilities for the employees of travel agencies; technical assistance in the CRS for travel agents, as well as rents computer equipment for travel agents.

PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) Headlines

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