IC Enterra Yenilenebilir Enerji AS (IST:ENTRA) ROCE % : 32.18% (As of Jun. 2024)

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What is IC Enterra Yenilenebilir Enerji 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. IC Enterra Yenilenebilir Enerji AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 32.18%.

IC Enterra Yenilenebilir Enerji AS ROCE % Historical Data

The historical data trend for IC Enterra Yenilenebilir Enerji 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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IC Enterra Yenilenebilir Enerji AS ROCE % Chart

IC Enterra Yenilenebilir Enerji AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-18.67

23.92

9.09

IC Enterra Yenilenebilir Enerji AS Quarterly Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-13.84	50.81	32.18

IC Enterra Yenilenebilir Enerji AS ROCE % Calculation

IC Enterra Yenilenebilir Enerji 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 )
	=	2262.354	/	( ( (28124.773 - 3014.78)	+	(28008.213 - 3358.361) )	/ 2 )
	=	2262.354	/	( (25109.993	+	24649.852)	/ 2 )
	=	2262.354	/	24879.9225
	=	9.09 %

IC Enterra Yenilenebilir Enerji 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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	9473.116	/	( ( (28008.213 - 3358.361)	+	(38881.438 - 4662.005) )	/ 2 )
	=	9473.116	/	( ( 24649.852	+	34219.433 )	/ 2 )
	=	9473.116	/	29434.6425
	=	32.18 %

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

IC Enterra Yenilenebilir Enerji AS (IST:ENTRA) 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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IC Enterra Yenilenebilir Enerji AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » IC Enterra Yenilenebilir Enerji AS (IST:ENTRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kocatepe Mah. K?z?l?rmak Cad., No: 31-33 ?c Kap?, No: 20 Çankaya, Ankara, TUR

Website

https://www.icenterra.com.tr

IC Enterra Yenilenebilir Enerji AS is a energy producing company in Turkey. It generates electricity from hydroelectric power plants and has power plants in Trabzon, Erzincan, Tokat, Mersin and Giresun.

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