BatiSoke Soke Cimentonayii TAS (IST:BSOKE) ROCE % : 126.62% (As of Dec. 2023)

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What is BatiSoke Soke Cimentonayii TAS 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. BatiSoke Soke Cimentonayii TAS's annualized ROCE % for the quarter that ended in Dec. 2023 was 126.62%.

BatiSoke Soke Cimentonayii TAS ROCE % Historical Data

The historical data trend for BatiSoke Soke Cimentonayii TAS'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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BatiSoke Soke Cimentonayii TAS ROCE % Chart

BatiSoke Soke Cimentonayii TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.88

-35.43

-79.21

11.89

10.35

BatiSoke Soke Cimentonayii TAS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															80.69	2.36	-159.38	18.65	126.62

BatiSoke Soke Cimentonayii TAS ROCE % Calculation

BatiSoke Soke Cimentonayii TAS'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 )
	=	644.506	/	( ( (8412.478 - 2253.582)	+	(8826.624 - 2529.818) )	/ 2 )
	=	644.506	/	( (6158.896	+	6296.806)	/ 2 )
	=	644.506	/	6227.851
	=	10.35 %

BatiSoke Soke Cimentonayii TAS'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 )
	=	5005.796	/	( ( (3891.301 - 2281.347)	+	(8826.624 - 2529.818) )	/ 2 )
	=	5005.796	/	( ( 1609.954	+	6296.806 )	/ 2 )
	=	5005.796	/	3953.38
	=	126.62 %

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

BatiSoke Soke Cimentonayii TAS (IST:BSOKE) 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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BatiSoke Soke Cimentonayii TAS (IST:BSOKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » BatiSoke Soke Cimento Sanayii TAS (IST:BSOKE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ankara Caddesi No.335, Bornova, Izmir, TUR

Website

http://www.batisoke.com.tr

BatiSoke Soke Cimento Sanayii TAS is involved in the selling of cement and clinker products. Its offerings comprise of Portland Clinker, Portland composite cement, pozzolanic cement, Portland-limestone cement (white), sulfide resistant Portland cement & aggregate.

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