PT Xl Axiata Tbk (PT Xl Axiata Tbk) ROCE % : 8.42% (As of Mar. 2024)

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What is PT Xl Axiata 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 Xl Axiata Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.42%.

PT Xl Axiata Tbk ROCE % Historical Data

The historical data trend for PT Xl Axiata 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 Xl Axiata Tbk ROCE % Chart

PT Xl Axiata Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

6.09

8.01

6.94

7.23

PT Xl Axiata 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															6.19	8.59	7.52	7.42	8.42

PT Xl Axiata Tbk ROCE % Calculation

PT Xl Axiata 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 )
	=	298.603	/	( ( (5548.139 - 1675.068)	+	(5688.122 - 1306.564) )	/ 2 )
	=	298.603	/	( (3873.071	+	4381.558)	/ 2 )
	=	298.603	/	4127.3145
	=	7.23 %

PT Xl Axiata 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 )
	=	369.28	/	( ( (5688.122 - 1306.564)	+	(5706.947 - 1313.569) )	/ 2 )
	=	369.28	/	( ( 4381.558	+	4393.378 )	/ 2 )
	=	369.28	/	4387.468
	=	8.42 %

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

PT Xl Axiata Tbk (OTCPK:PTXKY) 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 Xl Axiata Tbk ROCE % Related Terms

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PT Xl Axiata Tbk (PT Xl Axiata Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Xl Axiata Tbk (OTCPK:PTXKY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EXCL:Indonesia E5F:Germany

Address

Jalan HR Rasuna Said X5, Kavling 11-12, XL Axiata Tower, Kuningan Timur, Setiabudi, Jakarta Selatan, Jakarta, IDN, 12950

Website

https://www.xl.co.id

PT XL Axiata TBK is a telecommunications company. The company generates revenue from the provision of mobile services. Within mobile services, the products offered are SMS, data, and voice, with data and voice comprising the bulk of overall company revenue. The majority of PT XL Axiata's subscriber base is on the 2G spectrum. Additionally, it is an owner of the telecommunications infrastructure, specifically mobile base stations and fiber networks. It also derives revenue from renting out the telecommunication towers. The company generates the vast majority of its revenue in Indonesia.

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