Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) ROCE % : 8.43% (As of Dec. 2023)

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What is Eregli Demir Ve Celik Fabrikalari TAS 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. Eregli Demir Ve Celik Fabrikalari TAS's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.43%.

Eregli Demir Ve Celik Fabrikalari TAS ROCE % Historical Data

The historical data trend for Eregli Demir Ve Celik Fabrikalari TAS'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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Eregli Demir Ve Celik Fabrikalari TAS ROCE % Chart

Eregli Demir Ve Celik Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.63

14.29

32.19

19.94

8.02

Eregli Demir Ve Celik Fabrikalari TAS 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															0.05	2.99	6.59	12.75	8.43

Eregli Demir Ve Celik Fabrikalari TAS ROCE % Calculation

Eregli Demir Ve Celik Fabrikalari TAS'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 )
	=	14416.335	/	( ( (174893.623 - 35908.584)	+	(310033.249 - 89291.663) )	/ 2 )
	=	14416.335	/	( (138985.039	+	220741.586)	/ 2 )
	=	14416.335	/	179863.3125
	=	8.02 %

Eregli Demir Ve Celik Fabrikalari TAS'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 )
	=	17767.82	/	( ( (277576.67 - 76797.997)	+	(310033.249 - 89291.663) )	/ 2 )
	=	17767.82	/	( ( 200778.673	+	220741.586 )	/ 2 )
	=	17767.82	/	210760.1295
	=	8.43 %

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

Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) 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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Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Eregli Demir Ve Celik Fabrikalari TAS (IST:EREGL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ERELY:USA EDVA:Germany

Address

Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746

Website

https://www.erdemir.com.tr

Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.

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