IMAS Makinanayi Anonim Sirketi (IST:IMASM) ROCE % : 20.23% (As of Mar. 2024)

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What is IMAS Makinanayi 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. IMAS Makinanayi Anonim Sirketi's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.23%.

IMAS Makinanayi Anonim Sirketi ROCE % Historical Data

The historical data trend for IMAS Makinanayi 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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IMAS Makinanayi Anonim Sirketi ROCE % Chart

IMAS Makinanayi Anonim Sirketi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

22.32

29.56

21.14

29.07

9.02

IMAS Makinanayi Anonim Sirketi Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									35.66	34.42	23.06	-12.28	20.23

IMAS Makinanayi Anonim Sirketi ROCE % Calculation

IMAS Makinanayi 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 )
	=	136.841	/	( ( (2347.41 - 485.255)	+	(1732.015 - 558.829) )	/ 2 )
	=	136.841	/	( (1862.155	+	1173.186)	/ 2 )
	=	136.841	/	1517.6705
	=	9.02 %

IMAS Makinanayi Anonim Sirketi'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 )
	=	249.964	/	( ( (1732.015 - 558.829)	+	(1981.4 - 683.859) )	/ 2 )
	=	249.964	/	( ( 1173.186	+	1297.541 )	/ 2 )
	=	249.964	/	1235.3635
	=	20.23 %

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

IMAS Makinanayi Anonim Sirketi (IST:IMASM) 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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IMAS Makinanayi Anonim Sirketi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMAS Makina Sanayi Anonim Sirketi (IST:IMASM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukkayacik Mahallesi No 407 Street No: 8, Konya, TUR, 42250

Website

https://www.imas.com.tr

IMAS Makina Sanayi Anonim Sirketi produces machinery and equipment with high quality and technology. It operates under the brands of Milleral in grain milling, Viteral in feed factories, Cuteral in the band saw industry, Steral in the steel construction industry and ProSupport in after-sales services.

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