Ozata Denizciliknayi ve Ticaret AS (IST:OZATD) ROCE % : 173.68% (As of Dec. 2023)

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What is Ozata Denizciliknayi 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. Ozata Denizciliknayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 173.68%.

Ozata Denizciliknayi ve Ticaret AS ROCE % Historical Data

The historical data trend for Ozata Denizciliknayi 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.

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Ozata Denizciliknayi ve Ticaret AS ROCE % Chart

Ozata Denizciliknayi ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

29.50

47.37

43.42

Ozata Denizciliknayi ve Ticaret AS Quarterly Data
	Dec21	Dec22	Dec23
ROCE %	118.01	189.47	173.68

Ozata Denizciliknayi ve Ticaret AS ROCE % Calculation

Ozata Denizciliknayi 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 )
	=	998.349	/	( ( (3720.656 - 1467.722)	+	(3245.831 - 900.158) )	/ 2 )
	=	998.349	/	( (2252.934	+	2345.673)	/ 2 )
	=	998.349	/	2299.3035
	=	43.42 %

Ozata Denizciliknayi 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	3993.396	/	( ( (3720.656 - 1467.722)	+	(3245.831 - 900.158) )	/ 2 )
	=	3993.396	/	( ( 2252.934	+	2345.673 )	/ 2 )
	=	3993.396	/	2299.3035
	=	173.68 %

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

Ozata Denizciliknayi ve Ticaret AS (IST:OZATD) 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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Ozata Denizciliknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Ozata Denizcilik Sanayi ve Ticaret AS (IST:OZATD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kan Street no.34, Hersek Neighborhood Hakki, Altinova, Yalova, TUR, 77700

Website

https://www.ozatadenizcilik.com

Ozata Denizcilik Sanayi ve Ticaret AS carries out its activities in its shipyard. The company is engaged in new construction, repair, and transformation of ships.

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