Izmir Demir Celiknayi AS (IST:IZMDC) ROCE % : -2.64% (As of Sep. 2024)

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What is Izmir Demir Celiknayi 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. Izmir Demir Celiknayi AS's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.64%.

Izmir Demir Celiknayi AS ROCE % Historical Data

The historical data trend for Izmir Demir Celiknayi 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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Izmir Demir Celiknayi AS ROCE % Chart

Izmir Demir Celiknayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-43.72

-28.47

-47.58

71.95

11.09

Izmir Demir Celiknayi AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															202.62	-0.26	21.86	-30.95	-2.64

Izmir Demir Celiknayi AS ROCE % Calculation

Izmir Demir Celiknayi 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 )
	=	1908.622	/	( ( (24811.002 - 12025.293)	+	(33439.7 - 11811.954) )	/ 2 )
	=	1908.622	/	( (12785.709	+	21627.746)	/ 2 )
	=	1908.622	/	17206.7275
	=	11.09 %

Izmir Demir Celiknayi AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-632.276	/	( ( (40710.468 - 17222.576)	+	(44136.678 - 19679.158) )	/ 2 )
	=	-632.276	/	( ( 23487.892	+	24457.52 )	/ 2 )
	=	-632.276	/	23972.706
	=	-2.64 %

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

Izmir Demir Celiknayi AS (IST:IZMDC) 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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Izmir Demir Celiknayi AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Izmir Demir Celik Sanayi AS (IST:IZMDC) » Definitions » ROCE %

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Address

?air E?ref Bulvar? No. 23, Çankaya, Izmir, TUR, 35210

Website

http://www.izdemir.com.tr

Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries.

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