Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) ROCE % : -79.17% (As of Dec. 2023)

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What is Gezinomi Seyahat Turizm Ticaret Anonim Sirketi 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. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's annualized ROCE % for the quarter that ended in Dec. 2023 was -79.17%.

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi ROCE % Historical Data

The historical data trend for Gezinomi Seyahat Turizm Ticaret Anonim Sirketi'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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Gezinomi Seyahat Turizm Ticaret Anonim Sirketi ROCE % Chart

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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113.28

35.23

111.13

114.78

-4.72

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											239.44	-12.76	59.63	24.18	-79.17

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi ROCE % Calculation

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi'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 )
	=	-41.166	/	( ( (1449.408 - 509.564)	+	(1522.945 - 718.099) )	/ 2 )
	=	-41.166	/	( (939.844	+	804.846)	/ 2 )
	=	-41.166	/	872.345
	=	-4.72 %

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi'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 )
	=	-557.504	/	( ( (1371.408 - 767.875)	+	(1522.945 - 718.099) )	/ 2 )
	=	-557.504	/	( ( 603.533	+	804.846 )	/ 2 )
	=	-557.504	/	704.1895
	=	-79.17 %

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

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) 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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Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mehmetcik Mah. 1242 Sok. No 3B, 2 Muratpasa, Antalya, TUR

Website

https://www.gezinomi.com

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi is a tour operator with its hotel and tour services. It allows users to buy services comprising domestic and international tours, hotel accommodation, Cyprus hotels, car rentals, flight tickets, transfers, and holidays.

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