Artemis Hali AS (IST:ARTMS) ROCE % : 0.00% (As of Sep. 2023)

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What is Artemis Hali 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. Artemis Hali AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Artemis Hali AS ROCE % Historical Data

The historical data trend for Artemis Hali 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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Artemis Hali AS ROCE % Chart

Artemis Hali AS Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

29.18

20.32

42.09

Artemis Hali AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
ROCE %	-	-	-	61.09	-

Artemis Hali AS ROCE % Calculation

Artemis Hali 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 )
	=	102.515	/	( ( (451.905 - 248.586)	+	(660.955 - 377.154) )	/ 2 )
	=	102.515	/	( (203.319	+	283.801)	/ 2 )
	=	102.515	/	243.56
	=	42.09 %

Artemis Hali AS'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: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	0	/	( ( (660.955 - 377.154)	+	(900.384 - 503.725) )	/ 2 )
	=	0	/	( ( 283.801	+	396.659 )	/ 2 )
	=	0	/	340.23
	=	0.00 %

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

Artemis Hali AS (IST:ARTMS) 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.

Artemis Hali AS ROCE % Related Terms

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Artemis Hali AS (IST:ARTMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Artemis Hali AS (IST:ARTMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balmumcu District Itri Street No:8/1, Turkey, TUR

Website

https://www.artemishali.com.tr

Artemis Hali AS is a company whose business activity is manufacturing, importing, exporting, buying-selling and marketing all kinds of handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets and textile products.

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