Ford Otomotivnayi AS (Ford Otomotivnayi AS) ROCE % : 99.41% (As of Dec. 2023)

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What is Ford Otomotivnayi 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. Ford Otomotivnayi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 99.41%.

Ford Otomotivnayi AS ROCE % Historical Data

The historical data trend for Ford Otomotivnayi 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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Ford Otomotivnayi AS ROCE % Chart

Ford Otomotivnayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.41

38.99

41.64

42.69

38.49

Ford Otomotivnayi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															102.63	30.01	48.77	59.12	99.41

Ford Otomotivnayi AS ROCE % Calculation

Ford Otomotivnayi 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 )
	=	1825.091	/	( ( (9342.55 - 4084.321)	+	(7462.894 - 3237.275) )	/ 2 )
	=	1825.091	/	( (5258.229	+	4225.619)	/ 2 )
	=	1825.091	/	4741.924
	=	38.49 %

Ford Otomotivnayi 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3677.008	/	( ( (6044.619 - 2872.859)	+	(7462.894 - 3237.275) )	/ 2 )
	=	3677.008	/	( ( 3171.76	+	4225.619 )	/ 2 )
	=	3677.008	/	3698.6895
	=	99.41 %

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

Ford Otomotivnayi AS (OTCPK:FOVSY) 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.

Ford Otomotivnayi AS ROCE % Related Terms

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Ford Otomotivnayi AS (Ford Otomotivnayi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ford Otomotiv Sanayi AS (OTCPK:FOVSY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FROTO:Turkey

Address

Akpmar Mahallesi, Hasan Basri Caddessi, Sancaktepe, Istanbul, TUR

Website

http://www.fordotosan.com.tr

Ford Otomotiv Sanayi AS is an automobile manufacturing company domiciled in Turkey. The company principally manufactures, imports, and distributes passenger vehicles, commercial vehicles, and spare parts and accessories under the Ford brand. The company organises itself into four segments, based on product type: passenger cars, light commercial vehicles, medium commercial vehicles, and trucks. Geographically, domestic sales are most significant, and constitute more than a third of consolidated revenue, followed by England and Germany.

Ford Otomotivnayi AS (Ford Otomotivnayi AS) Headlines

From GuruFocus

Q4 2023 Ford Otomotiv Sanayi AS Earnings Call Transcript

By GuruFocus Research • 03-07-2024