PT Victoria Care Indonesia Tbk (ISX:VICI) ROC % : 19.02% (As of Mar. 2024)

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What is PT Victoria Care Indonesia Tbk ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. PT Victoria Care Indonesia Tbk's annualized return on capital (ROC %) for the quarter that ended in Mar. 2024 was 19.02%.

As of today (2024-06-06), PT Victoria Care Indonesia Tbk's WACC % is 8.91%. PT Victoria Care Indonesia Tbk's ROC % is 19.54% (calculated using TTM income statement data). PT Victoria Care Indonesia Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

PT Victoria Care Indonesia Tbk ROC % Historical Data

The historical data trend for PT Victoria Care Indonesia Tbk's ROC % 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 Victoria Care Indonesia Tbk ROC % Chart

PT Victoria Care Indonesia Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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20.37

21.86

21.82

11.67

19.11

PT Victoria Care Indonesia Tbk Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROC %	Get a 7-Day Free Trial															16.81	20.61	21.96	16.57	19.02

PT Victoria Care Indonesia Tbk ROC % Calculation

PT Victoria Care Indonesia Tbk's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	256173.752 * ( 1 - 24.31% )	/	( (1005882.946	+	1023796.759)	/ 2 )
=	193897.9128888	/	1014839.8525
=	19.11 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1150904.223	-	139305.368	-	( 5715.909	-	max(0, 245940.889	-	631372.397	+	5715.909	))
=	1005882.946

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1148235.338	-	116973.52	-	( 7465.059	-	max(0, 158968.054	-	599955.068	+	7465.059	))
=	1023796.759

PT Victoria Care Indonesia Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	252234.48 * ( 1 - 22.52% )	/	( (1023796.759	+	1030912.614)	/ 2 )
=	195431.275104	/	1027354.6865
=	19.02 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1148235.338	-	116973.52	-	( 7465.059	-	max(0, 158968.054	-	599955.068	+	7465.059	))
=	1023796.759

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1186828.419	-	104033.573	-	( 51882.232	-	max(0, 151258.886	-	641534.845	+	51882.232	))
=	1030912.614

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

PT Victoria Care Indonesia Tbk (ISX:VICI) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, PT Victoria Care Indonesia Tbk's WACC % is 8.91%. PT Victoria Care Indonesia Tbk's ROC % is 19.54% (calculated using TTM income statement data). PT Victoria Care Indonesia Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

PT Victoria Care Indonesia Tbk ROC % Related Terms

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PT Victoria Care Indonesia Tbk (ISX:VICI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Victoria Care Indonesia Tbk (ISX:VICI) » Definitions » ROC %

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Traded in Other Exchanges

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Address

Jl. Puri Lingkar Dalam Blok T No. 8 Kembangan, Puri Indah Financial Tower, Floor 10 - 11, Puri Indah, Jakarta, IDN, 11610

Website

https://www.vci.co.id

PT Victoria Care Indonesia Tbk is engaged in the manufacturing of cosmetic and toiletries products. It operates in three business segments including Body Care and Antiseptics, Hair Care, and others. Body Care and Antiseptics segment offer products related to body care and treatments such as body soap, skin care cream and lotion, deodorant, body scrub, perfume, antiseptic liquid and gel, antiseptic soap, cleaning and disinfectant; the Hair Care segment offers products related to hair care and treatment such as shampoo, hair mask, hair coloring, hair curling, and straightening agents; Other segment offer products other than body and hair care products, such as coffee beans and powder, souvenirs, and snacks.