ODAS Elektrik Uretimnayi Ticaret AS (IST:ODAS) ROCE % : 202.89% (As of Sep. 2023)

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What is ODAS Elektrik Uretimnayi Ticaret 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. ODAS Elektrik Uretimnayi Ticaret AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 202.89%.

ODAS Elektrik Uretimnayi Ticaret AS ROCE % Historical Data

The historical data trend for ODAS Elektrik Uretimnayi Ticaret 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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ODAS Elektrik Uretimnayi Ticaret AS ROCE % Chart

ODAS Elektrik Uretimnayi Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-6.64

4.65

-9.51

4.71

42.23

ODAS Elektrik Uretimnayi Ticaret AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															71.41	19.08	22.82	33.78	202.89

ODAS Elektrik Uretimnayi Ticaret AS ROCE % Calculation

ODAS Elektrik Uretimnayi Ticaret 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 )
	=	2991.512	/	( ( (6968.675 - 1297.157)	+	(11448.928 - 2953.328) )	/ 2 )
	=	2991.512	/	( (5671.518	+	8495.6)	/ 2 )
	=	2991.512	/	7083.559
	=	42.23 %

ODAS Elektrik Uretimnayi Ticaret 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 )
	=	18367.616	/	( ( (12072.261 - 4057.06)	+	(13674.131 - 3582.988) )	/ 2 )
	=	18367.616	/	( ( 8015.201	+	10091.143 )	/ 2 )
	=	18367.616	/	9053.172
	=	202.89 %

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

ODAS Elektrik Uretimnayi Ticaret AS (IST:ODAS) 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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ODAS Elektrik Uretimnayi Ticaret AS (IST:ODAS) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ODAS Elektrik Uretim Sanayi Ticaret AS (IST:ODAS) » Definitions » ROCE %

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Address

Fatih Sultan Mehmet Mh. Poligon Cd, Buyaka 2 Sitesi Number 8B, 2.Kule Kat 17, Tepeustu/Umraniye, Istanbul, TUR

Website

http://www.odasenerji.com.tr

ODAS Elektrik Uretim Sanayi Ticaret AS is a Turkey-based company which operates in the fields of energy and mining. The company engages in electricity production, retail sale of electricity and sale of natural gas, and mine manufacturing and sale based on a vertically integrated business model.

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