PT Adaro Energy Indonesia Tbk (ISX:ADRO) ROCE % : 27.21% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is PT Adaro Energy 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 Energy Indonesia Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.21%.

PT Adaro Energy Indonesia Tbk ROCE % Historical Data

The historical data trend for PT Adaro Energy 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.

* Premium members only.

PT Adaro Energy Indonesia Tbk ROCE % Chart

PT Adaro Energy Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.62

5.60

27.53

65.10

28.39

PT Adaro Energy Indonesia Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															56.83	31.41	27.68	22.61	27.21

PT Adaro Energy Indonesia Tbk ROCE % Calculation

PT Adaro Energy 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 )
	=	36851468.45	/	( ( (169616603.769 - 38501841.315)	+	(161447237.994 - 32916752.097) )	/ 2 )
	=	36851468.45	/	( (131114762.454	+	128530485.897)	/ 2 )
	=	36851468.45	/	129822624.1755
	=	28.39 %

PT Adaro Energy 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 )
	=	36929010.896	/	( ( (161384391.094 - 18452849.874)	+	(161447237.994 - 32916752.097) )	/ 2 )
	=	36929010.896	/	( ( 142931541.22	+	128530485.897 )	/ 2 )
	=	36929010.896	/	135731013.5585
	=	27.21 %

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

PT Adaro Energy Indonesia Tbk (ISX:ADRO) 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 Energy Indonesia Tbk ROCE % Related Terms

Thank you for viewing the detailed overview of PT Adaro Energy Indonesia Tbk's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Adaro Energy Indonesia Tbk (ISX:ADRO) Business Description

Industry

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

Traded in Other Exchanges

PADEF:USA ADOOY:USA A64:Germany

Address

Jalan H.R. Rasuna Said, Block X-5, Menara Karya Lantai, 23rd Floor, Kav. 1-2, Jakarta, IDN, 12950

Website

https://www.adaro.com

PT Adaro Energy Indonesia Tbk is an Indonesia-based energy group that focuses on integrated coal mining. The company's primary location is in the Tabalong district in South Kalimantan, where its subsidiary PT Adaro Indonesia operates the single-site coal mine in the southern hemisphere. The company produces thermal coal, which is marketed under the brand name Envirocoal. The company's main customers are blue-chip power utilities, and roughly three-quarters of its coal is produced for foreign customers, with the remainder in Indonesia. In addition to the core mining business, the company also engages in barging, ship-loading, dredging, port services, marketing, and power generation. Its segment comprises coal mining and trading, mining services, logistics, and others.