Borlease Otomotiv AS (IST:BORLS) ROCE % : 57.12% (As of Sep. 2023)

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What is Borlease Otomotiv 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. Borlease Otomotiv AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 57.12%.

Borlease Otomotiv AS ROCE % Historical Data

The historical data trend for Borlease Otomotiv 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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Borlease Otomotiv AS ROCE % Chart

Borlease Otomotiv AS Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

24.22

38.40

93.96

Borlease Otomotiv AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	95.63	-	57.12

Borlease Otomotiv AS ROCE % Calculation

Borlease Otomotiv AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	715.025	/	( ( (1755.724 - 1280.007)	+	(2438.752 - 1392.449) )	/ 2 )
	=	715.025	/	( (475.717	+	1046.303)	/ 2 )
	=	715.025	/	761.01
	=	93.96 %

Borlease Otomotiv AS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	957.544	/	( ( (3280.931 - 1679.971)	+	(3981.546 - 2229.875) )	/ 2 )
	=	957.544	/	( ( 1600.96	+	1751.671 )	/ 2 )
	=	957.544	/	1676.3155
	=	57.12 %

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

Borlease Otomotiv AS (IST:BORLS) 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.

Borlease Otomotiv AS ROCE % Related Terms

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Borlease Otomotiv AS (IST:BORLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR

Website

https://www.borlease.com.tr

Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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