Mia Teknoloji (IST:MIATK) ROCE % : 19.48% (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Mia Teknoloji 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. Mia Teknoloji's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.48%.

Mia Teknoloji ROCE % Historical Data

The historical data trend for Mia Teknoloji'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.

* Premium members only.

Mia Teknoloji ROCE % Chart

Mia Teknoloji Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

37.61

40.47

36.22

61.28

30.74

Mia Teknoloji Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														99.04	-4.60	132.98	-0.29	19.48

Mia Teknoloji ROCE % Calculation

Mia Teknoloji'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 )
	=	462.699	/	( ( (1470.336 - 275.452)	+	(2174.934 - 359.635) )	/ 2 )
	=	462.699	/	( (1194.884	+	1815.299)	/ 2 )
	=	462.699	/	1505.0915
	=	30.74 %

Mia Teknoloji'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 )
	=	604.284	/	( ( (3624.911 - 702.18)	+	(4265.51 - 984.463) )	/ 2 )
	=	604.284	/	( ( 2922.731	+	3281.047 )	/ 2 )
	=	604.284	/	3101.889
	=	19.48 %

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

Mia Teknoloji (IST:MIATK) 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.

Mia Teknoloji ROCE % Related Terms

Thank you for viewing the detailed overview of Mia Teknoloji's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mia Teknoloji Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mia Teknoloji (IST:MIATK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gazi University Golbasi Campus, Techno Plaza Building B Block BZ/16, Golbasi, Ankara, TUR, 06830

Website

https://www.miateknoloji.com

Mia Teknoloji is a research & development, Innovation, Software Development, Integration, and Solution Provider company located in Technology Development Area. It focuses on the information infrastructure needs of both public and private organizations and develops tailor-made system solutions. The company's services include Facility and Building Installation, Information security training, Data Center Consultancy, Penetration test, and Network security products.

Mia Teknoloji Headlines

No Headlines