PT Barito Renewables Energy Tbk (ISX:BREN) ROCE % : 12.79% (As of Dec. 2023)

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What is PT Barito Renewables Energy 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 Barito Renewables Energy Tbk's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.79%.

PT Barito Renewables Energy Tbk ROCE % Historical Data

The historical data trend for PT Barito Renewables Energy 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 Barito Renewables Energy Tbk ROCE % Chart

PT Barito Renewables Energy Tbk Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

10.27

11.65

12.85

PT Barito Renewables Energy Tbk Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	10.27	11.65	12.85	12.79

PT Barito Renewables Energy Tbk ROCE % Calculation

PT Barito Renewables Energy Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	6328712.086	/	( ( (49112496.789 - 1970563.055)	+	(53386682.44 - 1995180.018) )	/ 2 )
	=	6328712.086	/	( (47141933.734	+	51391502.422)	/ 2 )
	=	6328712.086	/	49266718.078
	=	12.85 %

PT Barito Renewables Energy 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	6512085.368	/	( ( (53386682.44 - 1995180.018)	+	(54085947.243 - 3642737.449) )	/ 2 )
	=	6512085.368	/	( ( 51391502.422	+	50443209.794 )	/ 2 )
	=	6512085.368	/	50917356.108
	=	12.79 %

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

PT Barito Renewables Energy Tbk (ISX:BREN) 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 Barito Renewables Energy Tbk ROCE % Related Terms

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PT Barito Renewables Energy Tbk (ISX:BREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Barito Renewables Energy Tbk (ISX:BREN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Let. Gen. S. Parman Kav. 60, Wisma Barito Pacific II, 23rd Floor, Jakarta, IDN, 11410

Website

https://www.baritorenewables.co.id

PT Barito Renewables Energy Tbk focuses on a long-term strategy to provide cleaner energy and lower emissions and supports Indonesia's targets for the transition to Net Zero Emissions.

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