Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) ROCE % : -26.13% (As of Dec. 2023)

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What is Bagfas Bandirma Gubre Fabrikalari 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. Bagfas Bandirma Gubre Fabrikalari AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.13%.

Bagfas Bandirma Gubre Fabrikalari AS ROCE % Historical Data

The historical data trend for Bagfas Bandirma Gubre Fabrikalari 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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Bagfas Bandirma Gubre Fabrikalari AS ROCE % Chart

Bagfas Bandirma Gubre Fabrikalari AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.01

-5.33

5.71

13.88

-26.13

Bagfas Bandirma Gubre Fabrikalari AS Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial													4.01	-5.33	5.71	13.88	-26.13

Bagfas Bandirma Gubre Fabrikalari AS ROCE % Calculation

Bagfas Bandirma Gubre Fabrikalari 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 )
	=	-2016.317	/	( ( (10960.92 - 2380.862)	+	(9063.177 - 2211.022) )	/ 2 )
	=	-2016.317	/	( (8580.058	+	6852.155)	/ 2 )
	=	-2016.317	/	7716.1065
	=	-26.13 %

Bagfas Bandirma Gubre Fabrikalari AS's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-2016.317	/	( ( (10960.92 - 2380.862)	+	(9063.177 - 2211.022) )	/ 2 )
	=	-2016.317	/	( ( 8580.058	+	6852.155 )	/ 2 )
	=	-2016.317	/	7716.1065
	=	-26.13 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) 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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Bagfas Bandirma Gubre Fabrikalari AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Susam Sokak No:22, Cihangir, Istanbul, TUR

Website

http://www.bagfas.com.tr

Bagfas Bandirma Gubre Fabrikalari AS is a Turkey-based company involved in the business of chemical fertilizers and acids. The product portfolio of the company includes Super Granule CAN, Sulphur Composite Fertilizer, Sulphur Zinc Composite Fertilizer, Special Formulations, Phosphoric Acid, and Other specialty products.

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