Good Year Lastikleri TAS (IST:GOODY) ROCE % : -4.01% (As of Dec. 2024)

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What is Good Year Lastikleri TAS 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. Good Year Lastikleri TAS's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.01%.

Good Year Lastikleri TAS ROCE % Historical Data

The historical data trend for Good Year Lastikleri TAS'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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Good Year Lastikleri TAS ROCE % Chart

Good Year Lastikleri TAS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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22.56

42.17

2.14

7.26

18.80

Good Year Lastikleri TAS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-158.36	38.88	20.70	15.61	-4.01

Good Year Lastikleri TAS ROCE % Calculation

Good Year Lastikleri TAS'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 )
	=	910.853	/	( ( (14828.375 - 9471.102)	+	(12989.641 - 8657.185) )	/ 2 )
	=	910.853	/	( (5357.273	+	4332.456)	/ 2 )
	=	910.853	/	4844.8645
	=	18.80 %

Good Year Lastikleri TAS'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 )
	=	-174.648	/	( ( (12931.879 - 8562.524)	+	(12989.641 - 8657.185) )	/ 2 )
	=	-174.648	/	( ( 4369.355	+	4332.456 )	/ 2 )
	=	-174.648	/	4350.9055
	=	-4.01 %

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

Good Year Lastikleri TAS (IST:GOODY) 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.

Good Year Lastikleri TAS ROCE % Related Terms

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Good Year Lastikleri TAS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Year Lastikleri TAS (IST:GOODY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Street, Maslak Square, Maslak Business Center No: 37 Floor: 3 -4, Maslak, Istanbul, TUR

Website

http://eu.goodyear.com

Good Year Lastikleri TAS is a Turkey-based company engaged in the production and distribution of tires and other rubber products. Its products include summer, winter, and four-season tires for all types of vehicles that are used in cars, pickup trucks, vans, trucks, and buses. It also offers outer tires of radial and conventional heavy equipment; and various inner tubes and flaps. Geographically, the company caters its services in domestic and foreign markets.

Good Year Lastikleri TAS Headlines

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