PT Adhi Kartiko Pratama Tbk (ISX:NICE) ROCE % : 85.85% (As of Jun. 2023)

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What is PT Adhi Kartiko Pratama 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 Adhi Kartiko Pratama Tbk's annualized ROCE % for the quarter that ended in Jun. 2023 was 85.85%.

PT Adhi Kartiko Pratama Tbk ROCE % Historical Data

The historical data trend for PT Adhi Kartiko Pratama 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 Adhi Kartiko Pratama Tbk ROCE % Chart

PT Adhi Kartiko Pratama Tbk Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-106.63

171.43

173.45

PT Adhi Kartiko Pratama Tbk Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-	356.35	75.67	85.85

PT Adhi Kartiko Pratama Tbk ROCE % Calculation

PT Adhi Kartiko Pratama Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	139558.781	/	( ( (168995.251 - 112934.919)	+	(283452.899 - 178596.238) )	/ 2 )
	=	139558.781	/	( (56060.332	+	104856.661)	/ 2 )
	=	139558.781	/	80458.4965
	=	173.45 %

PT Adhi Kartiko Pratama Tbk's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	103927.286	/	( ( (283452.899 - 178596.238)	+	(265717.484 - 128450.514) )	/ 2 )
	=	103927.286	/	( ( 104856.661	+	137266.97 )	/ 2 )
	=	103927.286	/	121061.8155
	=	85.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

PT Adhi Kartiko Pratama Tbk (ISX:NICE) 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 Adhi Kartiko Pratama Tbk ROCE % Related Terms

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PT Adhi Kartiko Pratama Tbk (ISX:NICE) Business Description

Industry

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Comparable Companies

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Address

Website

PT Adhi Kartiko Pratama Tbk is engaged in Nickel Ore Mining. Its mine location is Lameruru Village/Subdistrict, District. Langgikima, Kab. North Konawe, Southeast Sulawesi Province.