Petkim Petrokimya Holding AS (IST:PETKM) ROCE % : 63.44% (As of Dec. 2023)

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What is Petkim Petrokimya Holding 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. Petkim Petrokimya Holding AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 63.44%.

Petkim Petrokimya Holding AS ROCE % Historical Data

The historical data trend for Petkim Petrokimya Holding 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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Petkim Petrokimya Holding AS ROCE % Chart

Petkim Petrokimya Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.35

13.14

38.97

-3.62

27.91

Petkim Petrokimya Holding AS Quarterly Data
	Mar19	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															-117.87	9.19	13.77	32.82	63.44

Petkim Petrokimya Holding AS ROCE % Calculation

Petkim Petrokimya Holding 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 )
	=	12908.376	/	( ( (54662.952 - 31197.893)	+	(95790.584 - 26752.611) )	/ 2 )
	=	12908.376	/	( (23465.059	+	69037.973)	/ 2 )
	=	12908.376	/	46251.516
	=	27.91 %

Petkim Petrokimya Holding 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 )
	=	33448.312	/	( ( (60848.101 - 24441.801)	+	(95790.584 - 26752.611) )	/ 2 )
	=	33448.312	/	( ( 36406.3	+	69037.973 )	/ 2 )
	=	33448.312	/	52722.1365
	=	63.44 %

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

Petkim Petrokimya Holding AS (IST:PETKM) 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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Petkim Petrokimya Holding AS (IST:PETKM) Business Description

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Traded in Other Exchanges

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Address

Aliaga, P.O. Box 12, Izmir, TUR, 35800

Website

http://www.petkim.com.tr

Petkim Petrokimya Holding AS is a holding company, which through its subsidiaries, manufactures and sells a variety of petrochemicals, specialty chemicals, plastics, and chemical-based products. The firm's product portfolio includes polyvinyl chloride, or PVC, used in construction, polypropylene, polyethylene, glycols, and ethylene. The company's products are used in soaps, detergents, textiles, food and beverage packaging, retail goods packaging, water treatment, and airplane and railway de-icing. The vast majority of revenue comes from Turkey.

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