IS Yatirim Menkul Degerler AS (IST:ISMEN) ROCE % : -4.01% (As of Dec. 2023)

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What is IS Yatirim Menkul Degerler 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. IS Yatirim Menkul Degerler AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.01%.

IS Yatirim Menkul Degerler AS ROCE % Historical Data

The historical data trend for IS Yatirim Menkul Degerler 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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IS Yatirim Menkul Degerler AS ROCE % Chart

IS Yatirim Menkul Degerler AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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82.82

68.92

58.46

78.11

61.13

IS Yatirim Menkul Degerler AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															155.86	70.59	144.84	130.18	-4.01

IS Yatirim Menkul Degerler AS ROCE % Calculation

IS Yatirim Menkul Degerler 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 )
	=	9415.576	/	( ( (59629.254 - 46378.647)	+	(41993.745 - 24440.61) )	/ 2 )
	=	9415.576	/	( (13250.607	+	17553.135)	/ 2 )
	=	9415.576	/	15401.871
	=	61.13 %

IS Yatirim Menkul Degerler AS'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 )
	=	-642.496	/	( ( (45700.151 - 31188.217)	+	(41993.745 - 24440.61) )	/ 2 )
	=	-642.496	/	( ( 14511.934	+	17553.135 )	/ 2 )
	=	-642.496	/	16032.5345
	=	-4.01 %

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

IS Yatirim Menkul Degerler AS (IST:ISMEN) 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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IS Yatirim Menkul Degerler AS (IST:ISMEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IS Yatirim Menkul Degerler AS (IST:ISMEN) » Definitions » ROCE %

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Address

Levent Mahallesi, Meltem Sokak, Is Kuleleri Kule-2, Kat: 13, No:10/14, Besiktas, Istanbul, TUR, 34330

Website

https://www.isyatirim.com.tr

IS Yatirim Menkul Degerler AS is a Turkey-based company engaged in the provision of investment advisory services, market making and liquidity providing services as well as traditional brokerage services The company's operating segment includes Securities Brokerage, Investment Trust, Portfolio Management, Private Equity, and Asset Management. It generates maximum revenue from the Securities Brokerage segment. The company serves domestic and international, individual, and institutional investors with high-added-value services.

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