Ihlas Haber Ajansi AS (IST:IHAAS) ROCE % : -50.62% (As of Mar. 2024)

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What is Ihlas Haber Ajansi 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. Ihlas Haber Ajansi AS's annualized ROCE % for the quarter that ended in Mar. 2024 was -50.62%.

Ihlas Haber Ajansi AS ROCE % Historical Data

The historical data trend for Ihlas Haber Ajansi 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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Ihlas Haber Ajansi AS ROCE % Chart

Ihlas Haber Ajansi AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

29.21

11.15

-37.03

-15.52

Ihlas Haber Ajansi AS Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-45.58	45.27	30.46	-144.35	-50.62

Ihlas Haber Ajansi AS ROCE % Calculation

Ihlas Haber Ajansi 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 )
	=	-53.872	/	( ( (450.523 - 70.798)	+	(384.776 - 70.39) )	/ 2 )
	=	-53.872	/	( (379.725	+	314.386)	/ 2 )
	=	-53.872	/	347.0555
	=	-15.52 %

Ihlas Haber Ajansi 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 )
	=	-160.528	/	( ( (384.776 - 70.39)	+	(405.533 - 85.633) )	/ 2 )
	=	-160.528	/	( ( 314.386	+	319.9 )	/ 2 )
	=	-160.528	/	317.143
	=	-50.62 %

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

Ihlas Haber Ajansi AS (IST:IHAAS) 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.

Ihlas Haber Ajansi AS ROCE % Related Terms

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Ihlas Haber Ajansi AS (IST:IHAAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ihlas Haber Ajansi AS (IST:IHAAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Merkez Mah. 29 October Cad., Ihlas Plaza No: 11 A/ 21, Yenibosna, Istanbul, TUR, 34197

Website

https://www.iha.com.tr

Ihlas Haber Ajansi AS is engaged in a news agency business. The company delivers visual, written, and photographic news to its subscribers via satellite and the internet. It also has started to provide broadcasting services in Iran, Iraq, Afghanistan, Pakistan, Russia, Greece, Kosovo, Israel, Palestine, Ukraine, and Central Asian Turkic Republics.

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