Otokar Otomotiv Vevunmanayi AS (IST:OTKAR) ROCE % : 30.76% (As of Dec. 2024)

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What is Otokar Otomotiv Vevunmanayi 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. Otokar Otomotiv Vevunmanayi AS's annualized ROCE % for the quarter that ended in Dec. 2024 was 30.76%.

Otokar Otomotiv Vevunmanayi AS ROCE % Historical Data

The historical data trend for Otokar Otomotiv Vevunmanayi 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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Otokar Otomotiv Vevunmanayi AS ROCE % Chart

Otokar Otomotiv Vevunmanayi AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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38.75

43.50

52.43

55.19

21.62

Otokar Otomotiv Vevunmanayi AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															133.38	13.07	27.54	11.56	30.76

Otokar Otomotiv Vevunmanayi AS ROCE % Calculation

Otokar Otomotiv Vevunmanayi AS's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	4086.886	/	( ( (46901.008 - 30186.794)	+	(44366.679 - 23279.014) )	/ 2 )
	=	4086.886	/	( (16714.214	+	21087.665)	/ 2 )
	=	4086.886	/	18900.9395
	=	21.62 %

Otokar Otomotiv Vevunmanayi AS's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	6277.904	/	( ( (38975.473 - 19240.353)	+	(44366.679 - 23279.014) )	/ 2 )
	=	6277.904	/	( ( 19735.12	+	21087.665 )	/ 2 )
	=	6277.904	/	20411.3925
	=	30.76 %

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

Otokar Otomotiv Vevunmanayi AS (IST:OTKAR) 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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Otokar Otomotiv Vevunmanayi AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Otokar Otomotiv Ve Savunma Sanayi AS (IST:OTKAR) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Tasdelen Mahallesi Sirri Celik Bulvari No:5, Cekmekoy, Istanbul, TUR, 34788

Website

https://www.otokar.com.tr

Otokar Otomotiv Ve Savunma Sanayi AS operates in the automotive industry and off-road vehicles, military vehicles, minibusses, autobuses, light trucks, and trucks constitute the majority of its production. The group operates in the automotive industry's commercial vehicles segment, manufacturing a product lineup of minibusses, minibusses and buses preferred in public transportation and personnel shuttles for the commercial market as well as light trucks.

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