Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) ROCE % : 24.86% (As of Jun. 2024)

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What is Cimentas Izmir Cimento Fabrikasi Turk 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. Cimentas Izmir Cimento Fabrikasi Turk AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 24.86%.

Cimentas Izmir Cimento Fabrikasi Turk AS ROCE % Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk 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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Cimentas Izmir Cimento Fabrikasi Turk AS ROCE % Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.77

-3.68

15.97

11.85

12.00

Cimentas Izmir Cimento Fabrikasi Turk AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															139.69	55.07	-31.66	1.20	24.86

Cimentas Izmir Cimento Fabrikasi Turk AS ROCE % Calculation

Cimentas Izmir Cimento Fabrikasi Turk 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 )
	=	1252.867	/	( ( (12243.046 - 2582.452)	+	(13550.256 - 2333.452) )	/ 2 )
	=	1252.867	/	( (9660.594	+	11216.804)	/ 2 )
	=	1252.867	/	10438.699
	=	12.00 %

Cimentas Izmir Cimento Fabrikasi Turk AS's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	3457.988	/	( ( (15567.582 - 2522.375)	+	(17177.133 - 2406.454) )	/ 2 )
	=	3457.988	/	( ( 13045.207	+	14770.679 )	/ 2 )
	=	3457.988	/	13907.943
	=	24.86 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) 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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Cimentas Izmir Cimento Fabrikasi Turk AS Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) » Definitions » ROCE %

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Address

Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.cimentas.com.tr

Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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