Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) ROCE %: 13.75% (As of Dec. 2023)


IST:BALAT Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
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What is Balatacilar Balataciliknayi ve Ticaret AS ROCE %?

Balatacilar Balataciliknayi ve Ticaret AS IST:BALAT +2.49% 5 ROCE % is 13.75% as of Dec. 2023. GuruFocus rates IST:BALAT with a GF Score™ of 5/100.

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. Balatacilar Balataciliknayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.75%.

Balatacilar Balataciliknayi ve Ticaret AS  (IST:BALAT) 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.

Balatacilar Balataciliknayi ve Ticaret AS ROCE % Related Terms

Balatacilar Balataciliknayi ve Ticaret AS ROCE % Historical Data

* Premium members only.

The historical data trend for Balatacilar Balataciliknayi 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.

Balatacilar Balataciliknayi ve Ticaret AS ROCE % Chart

Balatacilar Balataciliknayi ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.30 -0.63 -37.63 13.29 13.75

Balatacilar Balataciliknayi ve Ticaret AS Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.30 -0.63 -37.63 13.29 13.75
IST:BALAT
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Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
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Balatacilar Balataciliknayi ve Ticaret AS ROCE % Calculation

Balatacilar Balataciliknayi ve Ticaret 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 )
=14.11/( ( (100.485 - 8.272) + (121.519 - 8.463) )/ 2 )
=14.11/( (92.213+113.056)/ 2 )
=14.11/102.6345
=13.75 %

Balatacilar Balataciliknayi ve Ticaret 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 )
=14.11/( ( (100.485 - 8.272) + (121.519 - 8.463) )/ 2 )
=14.11/( ( 92.213 + 113.056 )/ 2 )
=14.11/102.6345
=13.75 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.75% mean?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a ROCE % of 13.75% as of Dec. 2023.
Is Balatacilar Balataciliknayi ve Ticaret AS's ROCE % too high?
Balatacilar Balataciliknayi ve Ticaret AS's current ROCE % is 13.75%. The Vehicles & Parts industry median ROCE % is 7.94. Balatacilar Balataciliknayi ve Ticaret AS's value of 13.75% is 73.2% above this industry median. Overall, Balatacilar Balataciliknayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Balatacilar Balataciliknayi ve Ticaret AS's ROCE % compare to ORLY and AZO?
Balatacilar Balataciliknayi ve Ticaret AS's ROCE % of 13.75% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Balatacilar Balataciliknayi ve Ticaret AS's value of 13.75% is 73.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Balatacilar Balataciliknayi ve Ticaret AS's current ROCE % of 13.75% is 73.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balatacilar Balataciliknayi ve Ticaret AS's current ROCE % is 13.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balatacilar Balataciliknayi ve Ticaret AS stock overvalued right now?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a current ROCE % of 13.75%. The current ROCE % is 13.75% and 73.2% above the Vehicles & Parts industry median of 7.94. Balatacilar Balataciliknayi ve Ticaret AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT), the current ROCE % is 13.75% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Balatacilar Balataciliknayi ve Ticaret AS Business Description

Address Daire 708, Gumruk Is Merkezi, No.38, Cumhuriyet Bulvari, Konak Mahallesi, Izmir, TUR
Balatacilar Balatacilik Sanayi ve Ticaret AS is engaged in the production of friction materials. Its products include disc brake pads, brake linings, and fiber clutch.
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