Alves Kablonayi ve Ticaret AS (IST:ALVES) ROCE % : 27.72% (As of Sep. 2024)

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What is Alves Kablonayi ve Ticaret 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. Alves Kablonayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 27.72%.

Alves Kablonayi ve Ticaret AS ROCE % Historical Data

The historical data trend for Alves Kablonayi ve Ticaret 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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Alves Kablonayi ve Ticaret AS ROCE % Chart

Alves Kablonayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

22.14

151.02

70.73

Alves Kablonayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					-	115.47	99.44	-17.36	27.72

Alves Kablonayi ve Ticaret AS ROCE % Calculation

Alves Kablonayi ve Ticaret AS'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 )
	=	86.984	/	( ( (342.174 - 337.006)	+	(774.04 - 533.244) )	/ 2 )
	=	86.984	/	( (5.168	+	240.796)	/ 2 )
	=	86.984	/	122.982
	=	70.73 %

Alves Kablonayi ve Ticaret 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 )
	=	529.412	/	( ( (3234.813 - 1417.02)	+	(3819.751 - 1817.726) )	/ 2 )
	=	529.412	/	( ( 1817.793	+	2002.025 )	/ 2 )
	=	529.412	/	1909.909
	=	27.72 %

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

Alves Kablonayi ve Ticaret AS (IST:ALVES) 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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Alves Kablonayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Alves Kablo Sanayi ve Ticaret AS (IST:ALVES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fatih Mahallesi Karatay, Cad. No: 6, Kahramankazan, Ankara, TUR, 06980

Website

https://www.alveskablo.com.tr

Alves Kablo Sanayi ve Ticaret AS is engaged in producing cable wires. The company is engaged in the production of all starting from the production of 8 mm electrolytic copper wire to 3 kilovolts energy cables. The products of the company include installation cables, underground cables, halogen-free cables, aluminum cables, solar cables, and others.

Alves Kablonayi ve Ticaret AS Headlines

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