PT Maja Agung Latexindo Tbk (ISX:SURI) ROCE % : -1.25% (As of Mar. 2024)

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What is PT Maja Agung Latexindo 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 Maja Agung Latexindo Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.25%.

PT Maja Agung Latexindo Tbk ROCE % Historical Data

The historical data trend for PT Maja Agung Latexindo 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 Maja Agung Latexindo Tbk ROCE % Chart

PT Maja Agung Latexindo Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

41.59

38.54

-4.98

0.42

PT Maja Agung Latexindo Tbk Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	3.44	-	-1.25

PT Maja Agung Latexindo Tbk ROCE % Calculation

PT Maja Agung Latexindo 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 )
	=	970.765	/	( ( (187796.262 - 78793.664)	+	(407959.724 - 56513.64) )	/ 2 )
	=	970.765	/	( (109002.598	+	351446.084)	/ 2 )
	=	970.765	/	230224.341
	=	0.42 %

PT Maja Agung Latexindo 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 )
	=	-4408.192	/	( ( (407959.724 - 56513.64)	+	(408820.234 - 57153.269) )	/ 2 )
	=	-4408.192	/	( ( 351446.084	+	351666.965 )	/ 2 )
	=	-4408.192	/	351556.5245
	=	-1.25 %

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

PT Maja Agung Latexindo Tbk (ISX:SURI) 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 Maja Agung Latexindo Tbk ROCE % Related Terms

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PT Maja Agung Latexindo Tbk (ISX:SURI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PT Maja Agung Latexindo Tbk (ISX:SURI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Utama No 98, Desa Pujimulyo, Kecamatan Sunggal, Kabupaten Deli Serdang, Sumatera Utara, IDN, 20352

Website

https://www.malgloves.com

PT Maja Agung Latexindo Tbk is engaged in the filed of manufacturing, especially producing medical gloves. The business activities of the company is to engage in rubber goods industry to support health needs, including contraceptive covers, pacifiers, compression devices, medical gloves and urinary catheters.