Altinayvunma Teknolojileri AS (IST:ALTNY) ROCE % : 9.26% (As of Sep. 2024)

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What is Altinayvunma Teknolojileri 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. Altinayvunma Teknolojileri AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.26%.

Altinayvunma Teknolojileri AS ROCE % Historical Data

The historical data trend for Altinayvunma Teknolojileri 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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Altinayvunma Teknolojileri AS ROCE % Chart

Altinayvunma Teknolojileri AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

7.00

14.37

18.12

Altinayvunma Teknolojileri AS Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-31.69	-	54.39	44.40	9.26

Altinayvunma Teknolojileri AS ROCE % Calculation

Altinayvunma Teknolojileri 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 )
	=	274.117	/	( ( (1556.938 - 355.103)	+	(2520.848 - 697.881) )	/ 2 )
	=	274.117	/	( (1201.835	+	1822.967)	/ 2 )
	=	274.117	/	1512.401
	=	18.12 %

Altinayvunma Teknolojileri AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	347.828	/	( ( (4652.072 - 1053.701)	+	(5260.204 - 1344.783) )	/ 2 )
	=	347.828	/	( ( 3598.371	+	3915.421 )	/ 2 )
	=	347.828	/	3756.896
	=	9.26 %

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

Altinayvunma Teknolojileri AS (IST:ALTNY) 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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Altinayvunma Teknolojileri AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Altinay Savunma Teknolojileri AS (IST:ALTNY) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Sanayi Mah. Teknopark Bulvari, No: 1, 7C Pendik, Istanbul, TUR

Website

https://www.altinaysavunma.com

Altinay Savunma Teknolojileri AS is a company which has has been providing products and solutions in the fields of Motion Control Systems, Unmanned Systems, Stealth Systems, Weapon Systems, Ammunition Destruction, and Production Systems to various stakeholders in the government, private sector, and international markets.

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