PT Adaro Minerals Indonesia Tbk (ISX:ADMR) ROCE % : 71.21% (As of Dec. 2023)

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What is PT Adaro Minerals Indonesia 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 Adaro Minerals Indonesia Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 71.21%.

PT Adaro Minerals Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Adaro Minerals Indonesia 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 Adaro Minerals Indonesia Tbk ROCE % Chart

PT Adaro Minerals Indonesia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.37

-3.44

26.51

49.09

45.71

PT Adaro Minerals Indonesia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										27.28	41.29	38.14	39.93	71.21

PT Adaro Minerals Indonesia Tbk ROCE % Calculation

PT Adaro Minerals Indonesia 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 )
	=	9151503.753	/	( ( (20239913.668 - 3099560.004)	+	(26136582.614 - 3233504.502) )	/ 2 )
	=	9151503.753	/	( (17140353.664	+	22903078.112)	/ 2 )
	=	9151503.753	/	20021715.888
	=	45.71 %

PT Adaro Minerals Indonesia Tbk's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	15264052.832	/	( ( (23568060.539 - 3602931.929)	+	(26136582.614 - 3233504.502) )	/ 2 )
	=	15264052.832	/	( ( 19965128.61	+	22903078.112 )	/ 2 )
	=	15264052.832	/	21434103.361
	=	71.21 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

PT Adaro Minerals Indonesia Tbk (ISX:ADMR) 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 Adaro Minerals Indonesia Tbk ROCE % Related Terms

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PT Adaro Minerals Indonesia Tbk (ISX:ADMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Adaro Minerals Indonesia Tbk (ISX:ADMR) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Cyber 2 Tower Lt.34 Jl. Rasuna Said, Blok X-5 No.13 Kel Kuningan Timur, Kec Setiabudi, Prov DKI, Kota Adm Jakarta Selatan, Jakarta, IDN

Website

https://www.adarominerals.id

PT Adaro Minerals Indonesia Tbk is engaged in metallurgical coal mining, and minerals mining and processing businesses. The company's business operations comprise coal mining and other services.

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