Aydem Yenilenebilir Enerji AS (IST:AYDEM) ROCE % : 11.55% (As of Sep. 2024)

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What is Aydem Yenilenebilir Enerji 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. Aydem Yenilenebilir Enerji AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.55%.

Aydem Yenilenebilir Enerji AS ROCE % Historical Data

The historical data trend for Aydem Yenilenebilir Enerji 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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Aydem Yenilenebilir Enerji AS ROCE % Chart

Aydem Yenilenebilir Enerji AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.04

-3.01

2.85

30.11

6.58

Aydem Yenilenebilir Enerji AS Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															92.33	-26.95	23.52	11.88	11.55

Aydem Yenilenebilir Enerji AS ROCE % Calculation

Aydem Yenilenebilir Enerji 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 )
	=	3641.013	/	( ( (59788.435 - 2633.31)	+	(55606.786 - 2086.719) )	/ 2 )
	=	3641.013	/	( (57155.125	+	53520.067)	/ 2 )
	=	3641.013	/	55337.596
	=	6.58 %

Aydem Yenilenebilir Enerji 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 )
	=	7548.852	/	( ( (68555.147 - 4338.803)	+	(73048.691 - 6496.599) )	/ 2 )
	=	7548.852	/	( ( 64216.344	+	66552.092 )	/ 2 )
	=	7548.852	/	65384.218
	=	11.55 %

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

Aydem Yenilenebilir Enerji AS (IST:AYDEM) 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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Aydem Yenilenebilir Enerji AS Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Aydem Yenilenebilir Enerji AS (IST:AYDEM) » Definitions » ROCE %

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Address

Adalet Mahallesi Hasan Gonullu Bulvari No. 15/1, Merkezefendi, Denizli, TUR

Website

https://www.aydemyenilenebilir.com.tr

Aydem Yenilenebilir Enerji AS is operating in the field of renewable energy generation. It generates revenues from sales of electricity.

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