PT Golden Eagle Energy Tbk (ISX:SMMT) ROCE % : 7.11% (As of Mar. 2024)

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What is PT Golden Eagle Energy 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 Golden Eagle Energy Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.11%.

PT Golden Eagle Energy Tbk ROCE % Historical Data

The historical data trend for PT Golden Eagle Energy 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 Golden Eagle Energy Tbk ROCE % Chart

PT Golden Eagle Energy Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.98

-1.42

33.09

47.84

30.93

PT Golden Eagle Energy 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															35.37	38.94	1.44	36.76	7.11

PT Golden Eagle Energy Tbk ROCE % Calculation

PT Golden Eagle Energy 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 )
	=	287161.963	/	( ( (1182852.785 - 158617.709)	+	(1007863.611 - 175199.888) )	/ 2 )
	=	287161.963	/	( (1024235.076	+	832663.723)	/ 2 )
	=	287161.963	/	928449.3995
	=	30.93 %

PT Golden Eagle Energy 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 )
	=	59977.668	/	( ( (1007863.611 - 175199.888)	+	(1056342.426 - 202317.057) )	/ 2 )
	=	59977.668	/	( ( 832663.723	+	854025.369 )	/ 2 )
	=	59977.668	/	843344.546
	=	7.11 %

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

PT Golden Eagle Energy Tbk (ISX:SMMT) 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 Golden Eagle Energy Tbk ROCE % Related Terms

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PT Golden Eagle Energy Tbk (ISX:SMMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Golden Eagle Energy Tbk (ISX:SMMT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jl. DR. Ide Anak Agung Gde Agung Lot No. 5.1, Menara Rajawali 7th floor, Kawasan Mega Kuningan, Jakarta, IDN, 12950

Website

https://www.go-eagle.co.id

PT Golden Eagle Energy Tbk is a mining company. The company's main product is coal, which is produced and sold by the company through its subsidiaries. The Company's coal reserve consists of subbituminous coal characterized by relatively low sulfur and ash content. The demand for this type of coal comes from domestic and international markets, particularly Asia, to meet the needs of power plants and cement industry The other supporting activities of the company are in the field of service, trading, construction, industry, and land transportation. The group produces and sells sub-bituminous coal with relatively low sulfur and ash content.