Iskenderun Demir ve Celik AS (IST:ISDMR) ROCE % : 23.55% (As of Mar. 2024)

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What is Iskenderun Demir ve Celik 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. Iskenderun Demir ve Celik AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.55%.

Iskenderun Demir ve Celik AS ROCE % Historical Data

The historical data trend for Iskenderun Demir ve Celik 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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Iskenderun Demir ve Celik AS ROCE % Chart

Iskenderun Demir ve Celik AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.39

17.11

28.36

16.93

9.78

Iskenderun Demir ve Celik AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.96	3.76	20.03	15.04	23.55

Iskenderun Demir ve Celik AS ROCE % Calculation

Iskenderun Demir ve Celik 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 )
	=	7775.929	/	( ( (74689.216 - 13476.851)	+	(135571.219 - 37701.321) )	/ 2 )
	=	7775.929	/	( (61212.365	+	97869.898)	/ 2 )
	=	7775.929	/	79541.1315
	=	9.78 %

Iskenderun Demir ve Celik 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 )
	=	24653.916	/	( ( (135571.219 - 37701.321)	+	(152228.1 - 40756.773) )	/ 2 )
	=	24653.916	/	( ( 97869.898	+	111471.327 )	/ 2 )
	=	24653.916	/	104670.6125
	=	23.55 %

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

Iskenderun Demir ve Celik AS (IST:ISDMR) 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.

Iskenderun Demir ve Celik AS ROCE % Related Terms

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Iskenderun Demir ve Celik AS (IST:ISDMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Iskenderun Demir ve Celik AS (IST:ISDMR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karayilan Mahallesi, Payas, Sehit Yuzbasi Ali Oquz Bulvari No:1, Hatay, Iskenderun, TUR, 31319

Website

https://www.isdemir.com.tr

Iskenderun Demir ve Celik AS is engaged in the production and sale of iron products, flat and long steel products, and their by-products. The company's main products are billet, slab, coil, plate, and wire rod and by-products are coke, benzol, ammonium sulfate, and slag.

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