Alkim Alkali Kimya AS (IST:ALKIM) ROCE % : -62.17% (As of Dec. 2023)

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What is Alkim Alkali Kimya 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. Alkim Alkali Kimya AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -62.17%.

Alkim Alkali Kimya AS ROCE % Historical Data

The historical data trend for Alkim Alkali Kimya 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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Alkim Alkali Kimya AS ROCE % Chart

Alkim Alkali Kimya AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.99

45.52

49.58

37.69

8.19

Alkim Alkali Kimya 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															6.59	14.78	62.03	77.85	-62.17

Alkim Alkali Kimya AS ROCE % Calculation

Alkim Alkali Kimya 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 )
	=	237.824	/	( ( (3674.065 - 662.361)	+	(3545.438 - 747.611) )	/ 2 )
	=	237.824	/	( (3011.704	+	2797.827)	/ 2 )
	=	237.824	/	2904.7655
	=	8.19 %

Alkim Alkali Kimya 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 )
	=	-1358.832	/	( ( (2297.494 - 723.63)	+	(3545.438 - 747.611) )	/ 2 )
	=	-1358.832	/	( ( 1573.864	+	2797.827 )	/ 2 )
	=	-1358.832	/	2185.8455
	=	-62.17 %

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

Alkim Alkali Kimya AS (IST:ALKIM) 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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Alkim Alkali Kimya AS (IST:ALKIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Alkim Alkali Kimya AS (IST:ALKIM) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Inonu Caddesi No:13, Taksim, Istanbul, TUR, 34437

Website

http://www.alkim.com

Alkim Alkali Kimya AS is a Turkey-based company engaged in the paper and chemical business activity. The business segments of the group are Chemical products which involves the production and sales of Sodium Sulphate and derivatives; Paper segment covering production and sales of paper products and Other operations segment. It derives key revenue from the Paper segment.

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