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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. MNG Havayollari ve Tasimacilik AS's annualized return on capital (ROC %) for the quarter that ended in Dec. 2022 was 29.78%.
As of today (2026-07-26), MNG Havayollari ve Tasimacilik AS's WACC % is 0.00%. MNG Havayollari ve Tasimacilik AS's ROC % is 0.00% (calculated using TTM income statement data).
MNG Havayollari ve Tasimacilik AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.
MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, MNG Havayollari ve Tasimacilik AS's WACC % is 0.00%. MNG Havayollari ve Tasimacilik AS's ROC % is 0.00% (calculated using TTM income statement data).
MNG Havayollari ve Tasimacilik AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
MNG Havayollari ve Tasimacilik AS ROC % Related Terms
MNG Havayollari ve Tasimacilik AS ROC % Historical Data
* 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.
MNG Havayollari ve Tasimacilik AS ROC % Chart
MNG Havayollari ve Tasimacilik AS Annual Data
Trend
Dec20
Dec21
Dec22
ROC %
22.33
22.42
21.51
MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20
Dec21
Sep22
Dec22
ROC %
0.00
24.80
0.00
29.78
MNG Havayollari ve Tasimacilik AS ROC % Calculation
MNG Havayollari ve Tasimacilik AS's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:
Note:
The Operating Income data used here is four times the quarterly (Dec. 2022) data.
The tax rate is limited to between 0% and 100%.
* 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.
MNG Havayollari ve Tasimacilik AS (MNGA) has a ROC % of 29.78% as of Dec. 2022. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's ROC % too high?
MNG Havayollari ve Tasimacilik AS's current ROC % is 29.78%. The Transportation industry median ROC % is 4.69. MNG Havayollari ve Tasimacilik AS's value of 29.78% is 535% above this industry median.
How does MNG Havayollari ve Tasimacilik AS's ROC % compare to ?
MNG Havayollari ve Tasimacilik AS's ROC % of 29.78% can be compared against companies in the Transportation industry. The industry median ROC % is 4.69. MNG Havayollari ve Tasimacilik AS's value of 29.78% is 535% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Transportation company?
The median ROC % among Transportation companies is 4.69, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MNG Havayollari ve Tasimacilik AS's current ROC % of 29.78% is 535% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors. For the Transportation industry, the median ROC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNG Havayollari ve Tasimacilik AS's current ROC % is 29.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current ROC % of 29.78%. The current ROC % is 29.78% and 535% above the Transportation industry median of 4.69. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For MNG Havayollari ve Tasimacilik AS (MNGA), the current ROC % is 29.78% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
MNG Havayollari ve Tasimacilik AS Business Description
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.
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