Netas Telekomuenikasyon AS (IST:NETAS) ROCE % : 167.09% (As of Dec. 2023)

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What is Netas Telekomuenikasyon 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. Netas Telekomuenikasyon AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 167.09%.

Netas Telekomuenikasyon AS ROCE % Historical Data

The historical data trend for Netas Telekomuenikasyon 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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Netas Telekomuenikasyon AS ROCE % Chart

Netas Telekomuenikasyon AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.25

4.79

-119.60

71.80

78.04

Netas Telekomuenikasyon 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															127.40	-85.31	304.92	70.91	167.09

Netas Telekomuenikasyon AS ROCE % Calculation

Netas Telekomuenikasyon 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 )
	=	260.349	/	( ( (4179.818 - 4012.879)	+	(5731.899 - 5231.635) )	/ 2 )
	=	260.349	/	( (166.939	+	500.264)	/ 2 )
	=	260.349	/	333.6015
	=	78.04 %

Netas Telekomuenikasyon 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 )
	=	595.792	/	( ( (5115.885 - 4902.997)	+	(5731.899 - 5231.635) )	/ 2 )
	=	595.792	/	( ( 212.888	+	500.264 )	/ 2 )
	=	595.792	/	356.576
	=	167.09 %

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

Netas Telekomuenikasyon AS (IST:NETAS) 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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Netas Telekomuenikasyon AS (IST:NETAS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Netas Telekomuenikasyon AS (IST:NETAS) » Definitions » ROCE %

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N/A

Address

Yenisehir Mahallesi Osmanli Bulvari No. 11, Kurtko, Pendik, Istanbul, TUR, 34912

Website

http://www.netas.com.tr

Netas Telekomuenikasyon AS is engaged in the manufacturing and trading of telecommunication, equipment, project installation services, technical support, repair and maintenance services, IT services, strategic outsourcing services, implementation, and associated activities. The company's operating segments include Enterprise, Public, International, Technology, Telecom and BDH. It generates maximum revenue from the Enterprise segment. The company serves Financial Institutions, Telecom Service Providers, Public and Public Safety, Energy, Sports and Entertainment, Retail and FMCG, Smart Building and Campus Solutions and Transportation industries.

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