Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) ROCE % : -2.66% (As of Sep. 2023)

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What is Kizilbuk Gayrimenkul Yatrim Ortakligi 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. Kizilbuk Gayrimenkul Yatrim Ortakligi AS's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.66%.

Kizilbuk Gayrimenkul Yatrim Ortakligi AS ROCE % Historical Data

The historical data trend for Kizilbuk Gayrimenkul Yatrim Ortakligi 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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Kizilbuk Gayrimenkul Yatrim Ortakligi AS ROCE % Chart

Kizilbuk Gayrimenkul Yatrim Ortakligi AS Annual Data

Trend

Dec21

Dec22

ROCE %

68.27

Kizilbuk Gayrimenkul Yatrim Ortakligi AS Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-2.83	248.78	0.14	1.46	-2.66

Kizilbuk Gayrimenkul Yatrim Ortakligi AS ROCE % Calculation

Kizilbuk Gayrimenkul Yatrim Ortakligi AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3235.14	/	( ( (2699.287 - 50.389)	+	(6925.429 - 97.431) )	/ 2 )
	=	3235.14	/	( (2648.898	+	6827.998)	/ 2 )
	=	3235.14	/	4738.448
	=	68.27 %

Kizilbuk Gayrimenkul Yatrim Ortakligi AS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-216.156	/	( ( (7817.907 - 358.865)	+	(9180.434 - 364.59) )	/ 2 )
	=	-216.156	/	( ( 7459.042	+	8815.844 )	/ 2 )
	=	-216.156	/	8137.443
	=	-2.66 %

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

Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) 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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Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Barbaros Bulvari, Sinpas Plaza, Yenidogan Sok. No: 36/1 34349, Besiktas, Istanbul, TUR

Website

https://www.kizilbukgyo.com

Kizilbuk Gayrimenkul Yatrim Ortakligi AS is a real estate investment trust in Turkey. Its portfolio consist of Sinpas Kizilbuk Thermal Wellness Resort.

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