Dofer Yapi Malzemelerinayi ve Ticaret AS (IST:DOFER) ROCE % : 67.75% (As of Dec. 2023)

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What is Dofer Yapi Malzemelerinayi ve Ticaret 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. Dofer Yapi Malzemelerinayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 67.75%.

Dofer Yapi Malzemelerinayi ve Ticaret AS ROCE % Historical Data

The historical data trend for Dofer Yapi Malzemelerinayi ve Ticaret 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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Dofer Yapi Malzemelerinayi ve Ticaret AS ROCE % Chart

Dofer Yapi Malzemelerinayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

23.76

23.73

28.26

27.60

Dofer Yapi Malzemelerinayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	24.18	-	49.10	67.75

Dofer Yapi Malzemelerinayi ve Ticaret AS ROCE % Calculation

Dofer Yapi Malzemelerinayi ve Ticaret 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 )
	=	194.814	/	( ( (1172.396 - 618.476)	+	(1226.522 - 368.592) )	/ 2 )
	=	194.814	/	( (553.92	+	857.93)	/ 2 )
	=	194.814	/	705.925
	=	27.60 %

Dofer Yapi Malzemelerinayi ve Ticaret AS'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 )
	=	413.812	/	( ( (1072.499 - 708.837)	+	(1226.522 - 368.592) )	/ 2 )
	=	413.812	/	( ( 363.662	+	857.93 )	/ 2 )
	=	413.812	/	610.796
	=	67.75 %

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

Dofer Yapi Malzemelerinayi ve Ticaret AS (IST:DOFER) 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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Dofer Yapi Malzemelerinayi ve Ticaret AS (IST:DOFER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dofer Yapi Malzemeleri Sanayi ve Ticaret AS (IST:DOFER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Turgut Özal 2, Bulvar? No:34 Dofer Plaza, Alt?nda? / ANKARA, Istanbul, TUR

Website

https://www.dofer.com.tr

Dofer Yapi Malzemeleri Sanayi ve Ticaret AS is engaged in trade of reinforcing bar, as well as production of wire mesh & pre-cut rebar.

Dofer Yapi Malzemelerinayi ve Ticaret AS (IST:DOFER) Headlines

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