Tera Yatirim Menkul Degerler AS (IST:TERA) ROCE % : 206.60% (As of Dec. 2023)

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What is Tera Yatirim Menkul Degerler 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. Tera Yatirim Menkul Degerler AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 206.60%.

Tera Yatirim Menkul Degerler AS ROCE % Historical Data

The historical data trend for Tera Yatirim Menkul Degerler 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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Tera Yatirim Menkul Degerler AS ROCE % Chart

Tera Yatirim Menkul Degerler AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

42.11

48.15

84.43

24.60

107.09

Tera Yatirim Menkul Degerler AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			104.10	99.48	13.82	55.22	206.60

Tera Yatirim Menkul Degerler AS ROCE % Calculation

Tera Yatirim Menkul Degerler AS'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 )
	=	619.637	/	( ( (1847.982 - 1298.587)	+	(2564.249 - 1956.386) )	/ 2 )
	=	619.637	/	( (549.395	+	607.863)	/ 2 )
	=	619.637	/	578.629
	=	107.09 %

Tera Yatirim Menkul Degerler AS'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	990.646	/	( ( (1464.683 - 1113.529)	+	(2564.249 - 1956.386) )	/ 2 )
	=	990.646	/	( ( 351.154	+	607.863 )	/ 2 )
	=	990.646	/	479.5085
	=	206.60 %

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

Tera Yatirim Menkul Degerler AS (IST:TERA) 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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Tera Yatirim Menkul Degerler AS (IST:TERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tera Yatirim Menkul Degerler AS (IST:TERA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eski Buyukdere Cad. No: 9, ?z Plaza Giz Kat:11, Sariyer, Maslak, Istanbul, TUR, 34485

Website

https://www.terayatirim.com

Tera Yatirim Menkul Degerler AS act as an intermediary on capital market instruments.

Tera Yatirim Menkul Degerler AS (IST:TERA) Headlines

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