PT Argo Pantes Tbk (ISX:ARGO) ROCE % : -0.45% (As of Mar. 2024)

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What is PT Argo Pantes 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 Argo Pantes Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.45%.

PT Argo Pantes Tbk ROCE % Historical Data

The historical data trend for PT Argo Pantes 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 Argo Pantes Tbk ROCE % Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

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Dec23

ROCE %

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PT Argo Pantes 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															-	-	-	-3.58	-0.45

PT Argo Pantes Tbk ROCE % Calculation

PT Argo Pantes 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 )
	=	-13217.139	/	( ( (1129483.926 - 1794855.565)	+	(1091535.722 - 473717.407) )	/ 2 )
	=	-13217.139	/	( (-665371.639	+	617818.315)	/ 2 )
	=	-13217.139	/	-23776.662
	=	55.59 %

PT Argo Pantes 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 )
	=	-2789.656	/	( ( (1091535.722 - 473717.407)	+	(1088950.198 - 472081.035) )	/ 2 )
	=	-2789.656	/	( ( 617818.315	+	616869.163 )	/ 2 )
	=	-2789.656	/	617343.739
	=	-0.45 %

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

PT Argo Pantes Tbk (ISX:ARGO) 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.

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PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.