Hun Yenilenebilir Enerji Uretim AS (IST:HUNER) ROCE % : 1.76% (As of Mar. 2024)

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What is Hun Yenilenebilir Enerji Uretim 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. Hun Yenilenebilir Enerji Uretim AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.76%.

Hun Yenilenebilir Enerji Uretim AS ROCE % Historical Data

The historical data trend for Hun Yenilenebilir Enerji Uretim 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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Hun Yenilenebilir Enerji Uretim AS ROCE % Chart

Hun Yenilenebilir Enerji Uretim AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.46

2.04

25.34

7.46

3.30

Hun Yenilenebilir Enerji Uretim AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												3.81	4.94	3.50	-0.55	1.76

Hun Yenilenebilir Enerji Uretim AS ROCE % Calculation

Hun Yenilenebilir Enerji Uretim 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 )
	=	149.566	/	( ( (4201.26 - 492.693)	+	(6337.33 - 987.738) )	/ 2 )
	=	149.566	/	( (3708.567	+	5349.592)	/ 2 )
	=	149.566	/	4529.0795
	=	3.30 %

Hun Yenilenebilir Enerji Uretim AS's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	96.38	/	( ( (6337.33 - 987.738)	+	(6855.598 - 1247.178) )	/ 2 )
	=	96.38	/	( ( 5349.592	+	5608.42 )	/ 2 )
	=	96.38	/	5479.006
	=	1.76 %

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

Hun Yenilenebilir Enerji Uretim AS (IST:HUNER) 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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Hun Yenilenebilir Enerji Uretim AS (IST:HUNER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hun Yenilenebilir Enerji Uretim AS (IST:HUNER) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Levent Mah. Comert sok. Yapi Kredi Plaza B Blok, No 20 Kat 7 Besiktas, Istanbul, TUR

Website

https://www.hunyenilenebilirenerji.com

Hun Yenilenebilir Enerji Uretim AS is engaged in the establishment, construction, commissioning, leasing, generation of electrical energy, and sale of electrical energy. The company has investments in Solar Energy, Biomass, and Hydroelectric.

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