PT Indo-Rama Synthetics Tbk (ISX:INDR) ROCE % : -6.41% (As of Mar. 2024)

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What is PT Indo-Rama Synthetics 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 Indo-Rama Synthetics Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.41%.

PT Indo-Rama Synthetics Tbk ROCE % Historical Data

The historical data trend for PT Indo-Rama Synthetics 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 Indo-Rama Synthetics Tbk ROCE % Chart

PT Indo-Rama Synthetics Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.26

2.87

19.02

9.38

-7.90

PT Indo-Rama Synthetics 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															1.22	-15.32	-12.07	-7.43	-6.41

PT Indo-Rama Synthetics Tbk ROCE % Calculation

PT Indo-Rama Synthetics 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 )
	=	-689834.848	/	( ( (13682834.477 - 4115122.694)	+	(12658071.737 - 4769723.607) )	/ 2 )
	=	-689834.848	/	( (9567711.783	+	7888348.13)	/ 2 )
	=	-689834.848	/	8728029.9565
	=	-7.90 %

PT Indo-Rama Synthetics 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 )
	=	-506014.548	/	( ( (12658071.737 - 4769723.607)	+	(12298724.943 - 4404842.472) )	/ 2 )
	=	-506014.548	/	( ( 7888348.13	+	7893882.471 )	/ 2 )
	=	-506014.548	/	7891115.3005
	=	-6.41 %

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

PT Indo-Rama Synthetics Tbk (ISX:INDR) 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 Indo-Rama Synthetics Tbk ROCE % Related Terms

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PT Indo-Rama Synthetics Tbk (ISX:INDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Indo-Rama Synthetics Tbk (ISX:INDR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan H. R. Rasuna Said, Blok X-1, Kav. 1-2, Graha Irama, 17th Floor, Jakarta, IDN, 12950

Website

https://www.indorama.co.id

PT Indo-Rama Synthetics Tbk manufactures polyester, fertilizers, and textiles. The company operates in segments that include Spun Yarns which manufactures spun yarn and sewing threads, Polyester which manufactures polyester yarns, polyester staple fiber, chips, and pet resin, Fabrics which manufactures polyester fabrics, and others which is engaged in trading, investment, and Other activities. The Spun Yarn and Polyester segment of the company generates maximum revenue for the company. Geographically the company exports its products to Europe, Asia, and North and South America.

PT Indo-Rama Synthetics Tbk (ISX:INDR) Headlines

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