BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) ROCE % : -16.84% (As of Dec. 2023)

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What is BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi 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. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.84%.

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ROCE % Historical Data

The historical data trend for BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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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BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ROCE % Chart

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

7.04

20.02

47.53

31.81

7.93

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								13.80	14.22	35.35	7.81	-16.84

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ROCE % Calculation

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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 )
	=	73.202	/	( ( (1048.739 - 367.057)	+	(1639.197 - 475.496) )	/ 2 )
	=	73.202	/	( (681.682	+	1163.701)	/ 2 )
	=	73.202	/	922.6915
	=	7.93 %

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-187.124	/	( ( (1588.678 - 529.402)	+	(1639.197 - 475.496) )	/ 2 )
	=	-187.124	/	( ( 1059.276	+	1163.701 )	/ 2 )
	=	-187.124	/	1111.4885
	=	-16.84 %

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

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) 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.

BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ROCE % Related Terms

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BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BMS Birlesik Metal Sanayi ve Ticaret Anonim Sirketi (IST:BMSTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Merdivenkoy Mah. Bora Sok., No. 1 Floor 2/6, Kadikoy, Istanbul, TUR

Website

https://www.bmstel.com.tr

BMS Birlesik Metal Sanayi ve Ticaret Anonim Sirketi is engaged in galvanized steel wire manufacturing. Its products include armouring wire, hot-dip wire, flat wire among others.

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