Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) ROCE % : 107.07% (As of Dec. 2023)

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What is Oyak Cmento Fabrikalari Anonim Sirketi 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. Oyak Cmento Fabrikalari Anonim Sirketi's annualized ROCE % for the quarter that ended in Dec. 2023 was 107.07%.

Oyak Cmento Fabrikalari Anonim Sirketi ROCE % Historical Data

The historical data trend for Oyak Cmento Fabrikalari Anonim Sirketi'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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Oyak Cmento Fabrikalari Anonim Sirketi ROCE % Chart

Oyak Cmento Fabrikalari Anonim Sirketi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.82

20.44

8.44

29.64

40.11

Oyak Cmento Fabrikalari Anonim Sirketi Quarterly Data
	Dec18	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															130.17	22.54	84.22	83.46	107.07

Oyak Cmento Fabrikalari Anonim Sirketi ROCE % Calculation

Oyak Cmento Fabrikalari Anonim Sirketi'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 )
	=	11221.736	/	( ( (35759.727 - 8510.62)	+	(35376.09 - 6665.401) )	/ 2 )
	=	11221.736	/	( (27249.107	+	28710.689)	/ 2 )
	=	11221.736	/	27979.898
	=	40.11 %

Oyak Cmento Fabrikalari Anonim Sirketi'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 )
	=	22531.736	/	( ( (18582.182 - 5204.445)	+	(35376.09 - 6665.401) )	/ 2 )
	=	22531.736	/	( ( 13377.737	+	28710.689 )	/ 2 )
	=	22531.736	/	21044.213
	=	107.07 %

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

Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) 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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Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cukurambar Mahallesi 1480, Sokak No: 2A/56, Cankaya-Ankara, Ordu, TUR

Website

https://www.oyakcimento.com

Oyak Cmento Fabrikalari Anonim Sirketi is engaged in the manufacture and sale of cement and clinker. The company's product portfolio encompasses various types of cement and clinker, such as Portland cement, pozzolanic cement, Portland composite cement, sulfate resistant cement and petroleum cement.

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