PT BFI Finance Indonesia Tbk (ISX:BFIN) ROCE % : 10.43% (As of Mar. 2024)

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What is PT BFI Finance 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 BFI Finance Indonesia Tbk's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.43%.

PT BFI Finance Indonesia Tbk ROCE % Historical Data

The historical data trend for PT BFI Finance 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 BFI Finance Indonesia Tbk ROCE % Chart

PT BFI Finance Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.95

6.75

10.80

13.08

10.36

PT BFI Finance Indonesia 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															14.27	12.00	12.06	13.34	10.43

PT BFI Finance Indonesia Tbk ROCE % Calculation

PT BFI Finance 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 )
	=	2315535	/	( ( (21929634 - 695375)	+	(23991435 - 504315) )	/ 2 )
	=	2315535	/	( (21234259	+	23487120)	/ 2 )
	=	2315535	/	22360689.5
	=	10.36 %

PT BFI Finance Indonesia 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 )
	=	2080160	/	( ( (23991435 - 504315)	+	(24168294 - 7775941) )	/ 2 )
	=	2080160	/	( ( 23487120	+	16392353 )	/ 2 )
	=	2080160	/	19939736.5
	=	10.43 %

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

PT BFI Finance Indonesia Tbk (ISX:BFIN) 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 BFI Finance Indonesia Tbk ROCE % Related Terms

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PT BFI Finance Indonesia Tbk (ISX:BFIN) Business Description

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PBIIF:USA

Address

BFI Tower, Sunburst CBD Lot 1.2, Jalan Kapten Soebijanto Djojohadikusumo, BSD City, South Tangerang, IDN, 15322

Website

https://www.bfi.co.id

PT BFI Finance Indonesia Tbk is a financial company operating in Indonesia providing finance for vehicles, heavy equipment, trucks and machinery, housing, and shops, as well as for procurement of goods and services. The company's main business is the financing of used four-wheelers. It also offers the financial lease of heavy equipment for metal mining, general contractors, agriculture, and transportation sectors. The company operates its business in two segments which are Consumer financing and Financial lease. The company has a presence in Java, Kalimantan, Sumatera, and Sulawesi.