Turk Prysmian Kablo ve Sistemleri AS (IST:PRKAB) ROCE % : -154.60% (As of Dec. 2023)

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What is Turk Prysmian Kablo ve Sistemleri 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. Turk Prysmian Kablo ve Sistemleri AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -154.60%.

Turk Prysmian Kablo ve Sistemleri AS ROCE % Historical Data

The historical data trend for Turk Prysmian Kablo ve Sistemleri 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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Turk Prysmian Kablo ve Sistemleri AS ROCE % Chart

Turk Prysmian Kablo ve Sistemleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.88

13.51

14.90

10.72

8.35

Turk Prysmian Kablo ve Sistemleri 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															-56.21	35.41	95.84	149.70	-154.60

Turk Prysmian Kablo ve Sistemleri AS ROCE % Calculation

Turk Prysmian Kablo ve Sistemleri 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 )
	=	107.378	/	( ( (6637.518 - 5281.441)	+	(5821.017 - 4605.744) )	/ 2 )
	=	107.378	/	( (1356.077	+	1215.273)	/ 2 )
	=	107.378	/	1285.675
	=	8.35 %

Turk Prysmian Kablo ve Sistemleri 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 )
	=	-1487.392	/	( ( (5777.46 - 5068.547)	+	(5821.017 - 4605.744) )	/ 2 )
	=	-1487.392	/	( ( 708.913	+	1215.273 )	/ 2 )
	=	-1487.392	/	962.093
	=	-154.60 %

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

Turk Prysmian Kablo ve Sistemleri AS (IST:PRKAB) 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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Turk Prysmian Kablo ve Sistemleri AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Turk Prysmian Kablo ve Sistemleri AS (IST:PRKAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Omerbey Mahallesi, Bursa Asfalti Cad. Number 51 Mudanya, Bursa, TUR, 16941

Website

https://tr.prysmiangroup.com

Turk Prysmian Kablo ve Sistemleri AS is a Turkey-based company that engages in the manufacturing, export, import and trading of all kinds of cables, conductors, machines, apparatuses, tools, and equipment as well as their spare parts and accessories. It produces electrical cables along with a range of accessories from extremely high to very low voltage, which is resistant to very high temperatures, fire, chemical agents and nuclear radiation for land, submarine, underground and overhead applications. The company distributes its products in the domestic market and to overseas markets.

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