Erciyas Celik Borunayi (IST:ERCB) ROCE % : 17.44% (As of Dec. 2024)

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What is Erciyas Celik Borunayi 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. Erciyas Celik Borunayi's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.44%.

Erciyas Celik Borunayi ROCE % Historical Data

The historical data trend for Erciyas Celik Borunayi'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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Erciyas Celik Borunayi ROCE % Chart

Erciyas Celik Borunayi Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

6.35

11.42

10.29

16.37

Erciyas Celik Borunayi Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											4.84	31.09	27.45	14.23	17.44

Erciyas Celik Borunayi ROCE % Calculation

Erciyas Celik Borunayi's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	831.308	/	( ( (9769.18 - 5227.192)	+	(12771.489 - 7155.071) )	/ 2 )
	=	831.308	/	( (4541.988	+	5616.418)	/ 2 )
	=	831.308	/	5079.203
	=	16.37 %

Erciyas Celik Borunayi's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	952.88	/	( ( (11827.78 - 6514.437)	+	(12771.489 - 7155.071) )	/ 2 )
	=	952.88	/	( ( 5313.343	+	5616.418 )	/ 2 )
	=	952.88	/	5464.8805
	=	17.44 %

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

Erciyas Celik Borunayi (IST:ERCB) 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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Erciyas Celik Borunayi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Erciyas Celik Boru Sanayi (IST:ERCB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palladium Tower Barbaros M. Halk Cd. Kardelen, Sk. No:2/1 Kat:25-26 34746 Atasehir, Istanbul, TUR

Website

https://erciyas.com/erciyas-celik-boru

Erciyas Celik Boru Sanayi is engaged in manufacturing all kinds of iron and steel products, longitudinally welded and spirally welded pipes, all kinds of pipe internal/external bitumen, epoxy concrete, PE coating, paint, and insulation.

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