Koza Altin Izletmeleri AS (IST:KOZAL) ROCE %

: 51.49% (As of Sep. 2023)

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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. Koza Altin Izletmeleri AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 51.49%.

Koza Altin Izletmeleri AS ROCE % Historical Data

The historical data trend for Koza Altin Izletmeleri 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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Koza Altin Izletmeleri AS Annual Data

Trend

Dec12

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

40.63

32.17

24.83

19.20

19.94

Koza Altin Izletmeleri AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																52.85	-50.50	45.75	50.05	51.49

Koza Altin Izletmeleri AS ROCE % Calculation

Koza Altin Izletmeleri AS'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 )
	=	2327.504	/	( ( (12103.11 - 1118.787)	+	(13430.744 - 1067.479) )	/ 2 )
	=	2327.504	/	( (10984.323	+	12363.265)	/ 2 )
	=	2327.504	/	11673.794
	=	19.94 %

Koza Altin Izletmeleri AS'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 )
	=	7524.672	/	( ( (16361.172 - 1932.297)	+	(16548.369 - 1750.059) )	/ 2 )
	=	7524.672	/	( ( 14428.875	+	14798.31 )	/ 2 )
	=	7524.672	/	14613.5925
	=	51.49 %

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

Koza Altin Izletmeleri AS (IST:KOZAL) 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.

Koza Altin Izletmeleri AS ROCE % Related Terms

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Koza Altin Izletmeleri AS (IST:KOZAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koza Altin Izletmeleri AS (IST:KOZAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

?stanbul Yolu, 10.km, No:310, Bat?kent, Ankara, TUR

Website

http://www.kozaaltin.com.tr

Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has over 200 exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. The company owns four operating mines, including an underground mine at Ovacik, a mine in Cukuralan that utilises both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.

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