Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) ROCE % : 159.84% (As of Dec. 2023)

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What is Turk Traktor ve Ziraat Makineleri 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. Turk Traktor ve Ziraat Makineleri AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 159.84%.

Turk Traktor ve Ziraat Makineleri AS ROCE % Historical Data

The historical data trend for Turk Traktor ve Ziraat Makineleri 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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Turk Traktor ve Ziraat Makineleri AS ROCE % Chart

Turk Traktor ve Ziraat Makineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.98

40.35

44.95

73.24

78.27

Turk Traktor ve Ziraat Makineleri 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															191.04	100.11	213.94	174.16	159.84

Turk Traktor ve Ziraat Makineleri AS ROCE % Calculation

Turk Traktor ve Ziraat Makineleri 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 )
	=	451.909	/	( ( (1393.88 - 814.153)	+	(1116.177 - 541.131) )	/ 2 )
	=	451.909	/	( (579.727	+	575.046)	/ 2 )
	=	451.909	/	577.3865
	=	78.27 %

Turk Traktor ve Ziraat Makineleri 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 )
	=	713.032	/	( ( (741.536 - 424.407)	+	(1116.177 - 541.131) )	/ 2 )
	=	713.032	/	( ( 317.129	+	575.046 )	/ 2 )
	=	713.032	/	446.0875
	=	159.84 %

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

Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) 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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Turk Traktor ve Ziraat Makineleri AS (Turk Traktor ve Ziraat Makineleri AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Turk Traktor ve Ziraat Makineleri AS (OTCPK:TTRKF) » Definitions » ROCE %

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TTRAK:Turkey

Address

Gazi Mahallesi Anadolu Boulevard No: 52 - 52A, Yenimahalle, Ankara, TUR, 06560

Website

http://www.turktraktor.com.tr

Turk Traktor ve Ziraat Makineleri AS is one of the largest tractor manufacturers in Turkey. It sells tractors, combine harvesters, planters, cotton pickers, and other agricultural machinery and equipment. The company's worldwide sales and marketing network generates recurring aftermarket sales and showcases new features in product development. Plants are equipped with gear and heat treatment facilities, specialized machines, engine manufacturing facilities, paint shops, and assembly lines. The company also operates quality control labs, testing equipment, and incorporates research and development to design and produce innovative solutions. Most parts and components are manufactured internally, but the company may use third parties to meet international quality standards.

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