Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) ROCE % : 5.25% (As of Sep. 2023)

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What is Akfen Gayrimenkul Yatirim Ortakligi 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. Akfen Gayrimenkul Yatirim Ortakligi's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.25%.

Akfen Gayrimenkul Yatirim Ortakligi ROCE % Historical Data

The historical data trend for Akfen Gayrimenkul Yatirim Ortakligi'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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Akfen Gayrimenkul Yatirim Ortakligi ROCE % Chart

Akfen Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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13.49

13.82

-2.64

55.03

40.55

Akfen Gayrimenkul Yatirim Ortakligi 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															8.48	77.76	0.02	94.12	5.25

Akfen Gayrimenkul Yatirim Ortakligi ROCE % Calculation

Akfen Gayrimenkul Yatirim Ortakligi'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 )
	=	3800.588	/	( ( (6863.235 - 196.542)	+	(12386.047 - 308.416) )	/ 2 )
	=	3800.588	/	( (6666.693	+	12077.631)	/ 2 )
	=	3800.588	/	9372.162
	=	40.55 %

Akfen Gayrimenkul Yatirim Ortakligi'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 )
	=	833.076	/	( ( (16637.427 - 1361.662)	+	(18035.947 - 1600.482) )	/ 2 )
	=	833.076	/	( ( 15275.765	+	16435.465 )	/ 2 )
	=	833.076	/	15855.615
	=	5.25 %

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

Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) 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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Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Levent Loft, Büyükdere Cad. No:201, C Blok Kat 8, Istanbul, TUR

Website

http://www.akfengyo.com.tr

Akfen Gayrimenkul Yatirim Ortakligi is a real estate investment trust. The group's main operations and activities are investing in real estates, real estate projects, and real estate-based capital markets instruments and to create and develop a real estate portfolio. The group is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. It is organized geographically across three principal operating segments: Turkey, Northern Cyprus, and Russia. Geographically the company receives maximum revenue from Turkey.

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