Turk Ilac ve Serumnayi (IST:TRILC) ROCE % : 42.89% (As of Sep. 2023)

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What is Turk Ilac ve Serumnayi 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. Turk Ilac ve Serumnayi's annualized ROCE % for the quarter that ended in Sep. 2023 was 42.89%.

Turk Ilac ve Serumnayi ROCE % Historical Data

The historical data trend for Turk Ilac ve Serumnayi'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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Turk Ilac ve Serumnayi ROCE % Chart

Turk Ilac ve Serumnayi Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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51.31

60.11

58.48

28.74

33.09

Turk Ilac ve Serumnayi Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														57.72	25.05	22.01	43.04	42.89

Turk Ilac ve Serumnayi ROCE % Calculation

Turk Ilac ve Serumnayi'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 )
	=	164.261	/	( ( (619.53 - 259.276)	+	(1044.339 - 411.831) )	/ 2 )
	=	164.261	/	( (360.254	+	632.508)	/ 2 )
	=	164.261	/	496.381
	=	33.09 %

Turk Ilac ve Serumnayi'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 )
	=	340.864	/	( ( (1195.404 - 490.684)	+	(1605.532 - 720.641) )	/ 2 )
	=	340.864	/	( ( 704.72	+	884.891 )	/ 2 )
	=	340.864	/	794.8055
	=	42.89 %

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

Turk Ilac ve Serumnayi (IST:TRILC) 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.

Turk Ilac ve Serumnayi ROCE % Related Terms

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Turk Ilac ve Serumnayi (IST:TRILC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Turk Ilac ve Serum Sanayi (IST:TRILC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bügduz Mah. Enver Pasa Cad., No: 8 Akyurt, Ankara, TUR, TR 06750

Website

http://www.turkilac.com.tr

Turk Ilac ve Serum Sanayi is engaged in the production of human pharmaceuticals and vaccines.

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