CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) ROCE % : -18.92% (As of Dec. 2023)

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What is CVK Maden Isletmelerinayi ve Ticaret 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. CVK Maden Isletmelerinayi ve Ticaret's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.92%.

CVK Maden Isletmelerinayi ve Ticaret ROCE % Historical Data

The historical data trend for CVK Maden Isletmelerinayi ve Ticaret'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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CVK Maden Isletmelerinayi ve Ticaret ROCE % Chart

CVK Maden Isletmelerinayi ve Ticaret Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

18.88

18.64

62.33

13.31

CVK Maden Isletmelerinayi ve Ticaret Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	83.40	41.14	56.52	-18.92

CVK Maden Isletmelerinayi ve Ticaret ROCE % Calculation

CVK Maden Isletmelerinayi ve Ticaret'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 )
	=	422.095	/	( ( (2624.563 - 348.97)	+	(4776.117 - 710.547) )	/ 2 )
	=	422.095	/	( (2275.593	+	4065.57)	/ 2 )
	=	422.095	/	3170.5815
	=	13.31 %

CVK Maden Isletmelerinayi ve Ticaret'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 )
	=	-580.656	/	( ( (2314.145 - 242.744)	+	(4776.117 - 710.547) )	/ 2 )
	=	-580.656	/	( ( 2071.401	+	4065.57 )	/ 2 )
	=	-580.656	/	3068.4855
	=	-18.92 %

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

CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) 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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CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CVK Maden Isletmeleri Sanayi ve Ticaret (IST:CVKMD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Muallim Naci Caddesi No: 105/B Besiktas, Kurucesme Mahallesi, Istanbul, TUR, 34353

Website

https://www.cvkmadencilik.com

CVK Maden Isletmeleri Sanayi ve Ticaret engages in manufacturing and fully exporting concentrated and lumpy chromite ore, concentrated lead-zinc, copper and silver ore products, and marble and travertine natural stone products. Its products comprise Lead Concentrate, Chrome Concentrate, Zinc Concentrate, and Gold.

CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) Headlines

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