PT Merdeka Battery Materials Tbk (ISX:MBMA) ROCE % : 1.03% (As of Dec. 2023)

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What is PT Merdeka Battery Materials 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 Merdeka Battery Materials Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.03%.

PT Merdeka Battery Materials Tbk ROCE % Historical Data

The historical data trend for PT Merdeka Battery Materials 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 Merdeka Battery Materials Tbk ROCE % Chart

PT Merdeka Battery Materials Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-0.16

0.29

5.21

2.00

PT Merdeka Battery Materials Tbk Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-4.73	-	3.36	-	1.03

PT Merdeka Battery Materials Tbk ROCE % Calculation

PT Merdeka Battery Materials 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 )
	=	804375.675	/	( ( (38093715.933 - 2586776.196)	+	(50303556.315 - 5521361.171) )	/ 2 )
	=	804375.675	/	( (35506939.737	+	44782195.144)	/ 2 )
	=	804375.675	/	40144567.4405
	=	2.00 %

PT Merdeka Battery Materials 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 )
	=	455141.772	/	( ( (49256025.251 - 5341983.384)	+	(50303556.315 - 5521361.171) )	/ 2 )
	=	455141.772	/	( ( 43914041.867	+	44782195.144 )	/ 2 )
	=	455141.772	/	44348118.5055
	=	1.03 %

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

PT Merdeka Battery Materials Tbk (ISX:MBMA) 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 Merdeka Battery Materials Tbk ROCE % Related Terms

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PT Merdeka Battery Materials Tbk (ISX:MBMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Merdeka Battery Materials Tbk (ISX:MBMA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jalan Jenderal Sudirman Kav. 52–53, Treasury Tower, 69th Floor, District 8 SCBD Lot. 28, Jakarta Selatan, Jakarta, IDN, 12190

Website

https://www.merdekabattery.com

PT Merdeka Battery Materials Tbk is a metal and mineral mining holding company. It explores, extracts, and produces gold, silver, copper, and other minerals through subsidiaries spread across three islands in Indonesia.

PT Merdeka Battery Materials Tbk (ISX:MBMA) Headlines

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