PT Aviana Sinar Abadi Tbk (ISX:IRSX) ROCE % : 12.18% (As of Dec. 2021)

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What is PT Aviana Sinar Abadi 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 Aviana Sinar Abadi Tbk's annualized ROCE % for the quarter that ended in Dec. 2021 was 12.18%.

PT Aviana Sinar Abadi Tbk ROCE % Historical Data

The historical data trend for PT Aviana Sinar Abadi 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 Aviana Sinar Abadi Tbk ROCE % Chart

PT Aviana Sinar Abadi Tbk Annual Data

Trend

Dec19

Dec20

Dec21

ROCE %

5.66

4.86

12.18

PT Aviana Sinar Abadi Tbk Semi-Annual Data
	Dec19	Dec20	Dec21
ROCE %	5.66	4.86	12.18

PT Aviana Sinar Abadi Tbk ROCE % Calculation

PT Aviana Sinar Abadi Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	652.795	/	( ( (5507.266 - 374.671)	+	(6270.226 - 680.901) )	/ 2 )
	=	652.795	/	( (5132.595	+	5589.325)	/ 2 )
	=	652.795	/	5360.96
	=	12.18 %

PT Aviana Sinar Abadi Tbk's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	652.795	/	( ( (5507.266 - 374.671)	+	(6270.226 - 680.901) )	/ 2 )
	=	652.795	/	( ( 5132.595	+	5589.325 )	/ 2 )
	=	652.795	/	5360.96
	=	12.18 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2021) EBIT data.

PT Aviana Sinar Abadi Tbk (ISX:IRSX) 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 Aviana Sinar Abadi Tbk ROCE % Related Terms

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PT Aviana Sinar Abadi Tbk (ISX:IRSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Aviana Sinar Abadi Tbk (ISX:IRSX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Alaydrus No. 66 BC, 3rd Floor - RT.10/RW.2, North Petojo, Gambir, Jakarta, IDN, 10130

Website

https://www.aviana.co.id

PT Aviana Sinar Abadi Tbk is a technology company that develops many innovative solutions for both businesses and individuals. The company's main business activities are software publishing and digital product sales.

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