Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) ROCE % : 18.36% (As of Dec. 2023)

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What is Adra Gayrimenkul Yatirim Ortakligi 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. Adra Gayrimenkul Yatirim Ortakligi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.36%.

Adra Gayrimenkul Yatirim Ortakligi AS ROCE % Historical Data

The historical data trend for Adra Gayrimenkul Yatirim Ortakligi 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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Adra Gayrimenkul Yatirim Ortakligi AS ROCE % Chart

Adra Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

28.00

76.67

23.45

Adra Gayrimenkul Yatirim Ortakligi AS Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	150.73	-	22.99	18.36

Adra Gayrimenkul Yatirim Ortakligi AS ROCE % Calculation

Adra Gayrimenkul Yatirim Ortakligi 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 )
	=	872.371	/	( ( (2463.618 - 87.799)	+	(5089.468 - 25.963) )	/ 2 )
	=	872.371	/	( (2375.819	+	5063.505)	/ 2 )
	=	872.371	/	3719.662
	=	23.45 %

Adra Gayrimenkul Yatirim Ortakligi 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 )
	=	788.164	/	( ( (3558.622 - 35.802)	+	(5089.468 - 25.963) )	/ 2 )
	=	788.164	/	( ( 3522.82	+	5063.505 )	/ 2 )
	=	788.164	/	4293.1625
	=	18.36 %

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

Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) 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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Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Adra Gayrimenkul Yatirim Ortakligi AS (IST:ADGYO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Caybasi Mahallesi Aydin, Cad No:51A Torbali, Izmir, TUR

Website

https://www.adragyo.com.tr

Adra Gayrimenkul Yatirim Ortakligi AS is a Turkey company based providing real estate services. The company has undertaken projects which are Adra Yali, Adra Yasam, Adra Edremit..

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