PT Palma Serasih Tbk (ISX:PSGO) ROCE % : 12.82% (As of Mar. 2024)

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What is PT Palma Serasih 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 Palma Serasih Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.82%.

PT Palma Serasih Tbk ROCE % Historical Data

The historical data trend for PT Palma Serasih 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 Palma Serasih Tbk ROCE % Chart

PT Palma Serasih Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.57

5.71

11.50

13.73

22.95

PT Palma Serasih 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															7.70	8.85	18.84	56.99	12.82

PT Palma Serasih Tbk ROCE % Calculation

PT Palma Serasih 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 )
	=	803047.903	/	( ( (4140857.067 - 650908.995)	+	(4181183.763 - 673506.197) )	/ 2 )
	=	803047.903	/	( (3489948.072	+	3507677.566)	/ 2 )
	=	803047.903	/	3498812.819
	=	22.95 %

PT Palma Serasih 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 )
	=	442399.252	/	( ( (4181183.763 - 673506.197)	+	(3897036.667 - 503776.224) )	/ 2 )
	=	442399.252	/	( ( 3507677.566	+	3393260.443 )	/ 2 )
	=	442399.252	/	3450469.0045
	=	12.82 %

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

PT Palma Serasih Tbk (ISX:PSGO) 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 Palma Serasih Tbk ROCE % Related Terms

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PT Palma Serasih Tbk (ISX:PSGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Palma Serasih Tbk (ISX:PSGO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kuningan Mulia Kav. 9C, Permata Kuningan Building, 11th Floor, Jakarta Selatan, Jakarta, IDN, 12980

Website

https://www.palmaserasih.co.id

PT Palma Serasih Tbk is a crude palm oil producer in Indonesia. The company operates into one business segment covering plantations and palm oil processing, which are located in the East Kalimantan province of Indonesia, with an Indonesian customer market segment.

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