Avrupakent Gayrimenkul Yatirim Ortakligi (IST:AVPGY) ROCE % : 62.42% (As of Jun. 2024)

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What is Avrupakent 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. Avrupakent Gayrimenkul Yatirim Ortakligi's annualized ROCE % for the quarter that ended in Jun. 2024 was 62.42%.

Avrupakent Gayrimenkul Yatirim Ortakligi ROCE % Historical Data

The historical data trend for Avrupakent 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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Avrupakent Gayrimenkul Yatirim Ortakligi ROCE % Chart

Avrupakent Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

12.83

57.86

106.68

10.69

Avrupakent Gayrimenkul Yatirim Ortakligi Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial						100.89	34.14	-81.90	56.65	62.42

Avrupakent Gayrimenkul Yatirim Ortakligi ROCE % Calculation

Avrupakent Gayrimenkul Yatirim Ortakligi'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 )
	=	2099.284	/	( ( (20055.74 - 1291.367)	+	(20977.012 - 464.041) )	/ 2 )
	=	2099.284	/	( (18764.373	+	20512.971)	/ 2 )
	=	2099.284	/	19638.672
	=	10.69 %

Avrupakent Gayrimenkul Yatirim Ortakligi's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	18735.704	/	( ( (27350.853 - 390.053)	+	(33255.911 - 187.781) )	/ 2 )
	=	18735.704	/	( ( 26960.8	+	33068.13 )	/ 2 )
	=	18735.704	/	30014.465
	=	62.42 %

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

Avrupakent Gayrimenkul Yatirim Ortakligi (IST:AVPGY) 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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Avrupakent Gayrimenkul Yatirim Ortakligi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Avrupakent Gayrimenkul Yatirim Ortakligi (IST:AVPGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atakoy 7-8-9-10, Kisim Mah C. Cesme E-5, Yanyol Cad.N.8/2/7, Bakirkoy, Istanbul, TUR

Website

https://www.avrupakentgyo.com

Avrupakent Gayrimenkul Yatirim Ortakligi is a company that has business activities in the fields of real estate development, rental and management. It contains valuable portfolios of the country with its shopping malls, residences and other real estate. It also develops projects and rents or sells operating real estate.

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