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Odine Solutions Teknoloji Ticaret venayi AS (IST:ODINE) ROCE % : 5.60% (As of Sep. 2024)


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What is Odine Solutions Teknoloji Ticaret venayi 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. Odine Solutions Teknoloji Ticaret venayi AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.60%.

Odine Solutions Teknoloji Ticaret venayi AS ROCE % Historical Data

The historical data trend for Odine Solutions Teknoloji Ticaret venayi 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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Odine Solutions Teknoloji Ticaret venayi AS ROCE % Chart

Odine Solutions Teknoloji Ticaret venayi AS Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
52.33 75.68 54.28

Odine Solutions Teknoloji Ticaret venayi AS Quarterly Data
Dec21 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
ROCE % Get a 7-Day Free Trial 28.79 - 121.74 33.00 5.60

Odine Solutions Teknoloji Ticaret venayi AS ROCE % Calculation

Odine Solutions Teknoloji Ticaret venayi 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 )
=276.273/( ( (773.433 - 479.586) + (1346.675 - 622.51) )/ 2 )
=276.273/( (293.847+724.165)/ 2 )
=276.273/509.006
=54.28 %

Odine Solutions Teknoloji Ticaret venayi 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 )
=81.888/( ( (1799.88 - 372.927) + (1877.489 - 381.234) )/ 2 )
=81.888/( ( 1426.953 + 1496.255 )/ 2 )
=81.888/1461.604
=5.60 %

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

* 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.

Odine Solutions Teknoloji Ticaret venayi AS  (IST:ODINE) 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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Odine Solutions Teknoloji Ticaret venayi AS Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Odine Solutions Teknoloji Ticaret ve Sanayi AS (IST:ODINE) » Definitions » ROCE %
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Address
Veko Giz Plaza, Kat no. 11 Maslak, Istanbul, TUR
Website
https://www.odine.com
Odine Solutions Teknoloji Ticaret ve Sanayi AS is a company whose systems integration and software technology expertise delivers revolutionary solutions for Tier 1 SDN, virtualization, and cloudification. It is a communication solutions company that enables global telecoms companies to evolve with a sustainable approach. With market-leading technology, holistic solutions, and collaborative partnership, It will support the clients to reinvent its value creation formula.

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