Aksa Enerji Uretim AS (IST:AKSEN) ROCE % : 16.69% (As of Mar. 2024)

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What is Aksa Enerji Uretim 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. Aksa Enerji Uretim AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.69%.

Aksa Enerji Uretim AS ROCE % Historical Data

The historical data trend for Aksa Enerji Uretim 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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Aksa Enerji Uretim AS ROCE % Chart

Aksa Enerji Uretim AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.71

19.69

28.44

35.07

20.56

Aksa Enerji Uretim AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															27.24	29.34	27.00	27.61	16.69

Aksa Enerji Uretim AS ROCE % Calculation

Aksa Enerji Uretim 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 )
	=	8643.972	/	( ( (55203.703 - 13155.653)	+	(55806.281 - 13766.134) )	/ 2 )
	=	8643.972	/	( (42048.05	+	42040.147)	/ 2 )
	=	8643.972	/	42044.0985
	=	20.56 %

Aksa Enerji Uretim AS's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7727.524	/	( ( (55806.281 - 13766.134)	+	(67679.644 - 17114.201) )	/ 2 )
	=	7727.524	/	( ( 42040.147	+	50565.443 )	/ 2 )
	=	7727.524	/	46302.795
	=	16.69 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Aksa Enerji Uretim AS (IST:AKSEN) 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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Aksa Enerji Uretim AS (IST:AKSEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Aksa Enerji Uretim AS (IST:AKSEN) » Definitions » ROCE %

Traded in Other Exchanges

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Address

Ruzgarlibahce Mahallesi Ozalp Cikmazi No. 10, Kavacik, Beykoz, Istanbul, TUR, 34805

Website

https://www.aksaenerji.com.tr

Aksa Enerji Uretim AS is an independent power producer, which engages in the power plant installation process that produces energy from natural gas, lignite, the hydroelectric, wind, and fuel oil. It operates through Turkey, Asia and Africa geographical segment out of which Turkey accounts for a majority of the firm's revenue.

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