Demisas Dokum Emaye Mamullerinayi AS (IST:DMSAS) ROCE % : 90.02% (As of Sep. 2023)

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What is Demisas Dokum Emaye Mamullerinayi AS 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. Demisas Dokum Emaye Mamullerinayi AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 90.02%.

Demisas Dokum Emaye Mamullerinayi AS ROCE % Historical Data

The historical data trend for Demisas Dokum Emaye Mamullerinayi AS'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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Demisas Dokum Emaye Mamullerinayi AS ROCE % Chart

Demisas Dokum Emaye Mamullerinayi AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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38.47

17.18

19.23

25.68

-35.87

Demisas Dokum Emaye Mamullerinayi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															44.46	-294.56	40.35	7.73	90.02

Demisas Dokum Emaye Mamullerinayi AS ROCE % Calculation

Demisas Dokum Emaye Mamullerinayi AS'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 )
	=	-88.365	/	( ( (575.964 - 293.566)	+	(1143.387 - 933.033) )	/ 2 )
	=	-88.365	/	( (282.398	+	210.354)	/ 2 )
	=	-88.365	/	246.376
	=	-35.87 %

Demisas Dokum Emaye Mamullerinayi AS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	495.044	/	( ( (1777.147 - 1185.16)	+	(1769.283 - 1261.401) )	/ 2 )
	=	495.044	/	( ( 591.987	+	507.882 )	/ 2 )
	=	495.044	/	549.9345
	=	90.02 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Demisas Dokum Emaye Mamullerinayi AS (IST:DMSAS) 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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Demisas Dokum Emaye Mamullerinayi AS (IST:DMSAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Demisas Dokum Emaye Mamulleri Sanayi AS (IST:DMSAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emek Mah Asiroglu Cad. Number 147, Darica, Kocaeli, TUR, 41700

Website

http://www.demisas.com.tr

Demisas Dokum Emaye Mamulleri Sanayi AS designs, engineers, and manufactures iron casting products in Turkey. It is involved in the processes of Core Making, Melting and Pouring, Moulding, Cleaning, and Machining. The company produces refrigerator compressor parts, automotive parts, security brake parts, and vehicle brake parts.

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