Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) ROCE % : 27.56% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Ofis Yem Gidanayi ve Ticaret 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. Ofis Yem Gidanayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.56%.

Ofis Yem Gidanayi ve Ticaret AS ROCE % Historical Data

The historical data trend for Ofis Yem Gidanayi ve Ticaret 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.

* Premium members only.

Ofis Yem Gidanayi ve Ticaret AS ROCE % Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

48.68

74.08

85.99

36.99

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	105.59	59.48	37.28	27.56

Ofis Yem Gidanayi ve Ticaret AS ROCE % Calculation

Ofis Yem Gidanayi ve Ticaret 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 )
	=	682.57	/	( ( (4351.976 - 2744.444)	+	(4039.749 - 1957.059) )	/ 2 )
	=	682.57	/	( (1607.532	+	2082.69)	/ 2 )
	=	682.57	/	1845.111
	=	36.99 %

Ofis Yem Gidanayi ve Ticaret 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 )
	=	495.056	/	( ( (3122.945 - 1612.742)	+	(4039.749 - 1957.059) )	/ 2 )
	=	495.056	/	( ( 1510.203	+	2082.69 )	/ 2 )
	=	495.056	/	1796.4465
	=	27.56 %

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

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) 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.

Ofis Yem Gidanayi ve Ticaret AS ROCE % Related Terms

Thank you for viewing the detailed overview of Ofis Yem Gidanayi ve Ticaret AS's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR

Website

https://www.ofisyem.com.tr

Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

No Headlines