PT Vale Indonesia Tbk (ISX:INCO) ROCE % : 11.64% (As of Dec. 2023)

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What is PT Vale Indonesia 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 Vale Indonesia Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.64%.

PT Vale Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Vale Indonesia 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 Vale Indonesia Tbk ROCE % Chart

PT Vale Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.33

5.05

10.08

12.23

13.71

PT Vale Indonesia 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															6.49	19.52	13.36	10.54	11.64

PT Vale Indonesia Tbk ROCE % Calculation

PT Vale Indonesia 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 )
	=	5541602.369	/	( ( (41814855.424 - 2753540.658)	+	(45107179.69 - 3341061.884) )	/ 2 )
	=	5541602.369	/	( (39061314.766	+	41766117.806)	/ 2 )
	=	5541602.369	/	40413716.286
	=	13.71 %

PT Vale Indonesia 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 )
	=	4818299.4	/	( ( (44445294.924 - 3431571.495)	+	(45107179.69 - 3341061.884) )	/ 2 )
	=	4818299.4	/	( ( 41013723.429	+	41766117.806 )	/ 2 )
	=	4818299.4	/	41389920.6175
	=	11.64 %

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

PT Vale Indonesia Tbk (ISX:INCO) 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 Vale Indonesia Tbk ROCE % Related Terms

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PT Vale Indonesia Tbk (ISX:INCO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Vale Indonesia Tbk (ISX:INCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PTNDY:USA PTNDF:USA XT3B:Germany

Address

Jalan Jenderal Sudirman Kav. 71, Sequis Tower, Lantai 20, Unit 6 and 7, Jakarta, IDN, 12190

Website

https://www.vale.com

PT Vale Indonesia Tbk is primarily engaged in nickel mining and processing in Indonesia. The company produces nickel in matte from lateritic ores at its integrated mining and processing facilities near Sorowako, Indonesia. The finished nickel product represents what is known in the industry as "primary nickel," meaning nickel produced principally from nickel ores, as opposed to "secondary" nickel, which is recovered from recycled metal which contains nickel. The majority of global nickel is used for stainless steel production.

PT Vale Indonesia Tbk (ISX:INCO) Headlines

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