Smart Gunes Teknolojileri (IST:SMRTG) ROCE % : 11.91% (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Smart Gunes Teknolojileri 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. Smart Gunes Teknolojileri's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.91%.

Smart Gunes Teknolojileri ROCE % Historical Data

The historical data trend for Smart Gunes Teknolojileri'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.

* Premium members only.

Smart Gunes Teknolojileri ROCE % Chart

Smart Gunes Teknolojileri Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

37.13

79.91

82.98

19.55

47.58

Smart Gunes Teknolojileri Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial													128.93	35.37	67.67	53.39	11.91

Smart Gunes Teknolojileri ROCE % Calculation

Smart Gunes Teknolojileri'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 )
	=	1375.312	/	( ( (4294.264 - 2667.816)	+	(10550.691 - 6395.535) )	/ 2 )
	=	1375.312	/	( (1626.448	+	4155.156)	/ 2 )
	=	1375.312	/	2890.802
	=	47.58 %

Smart Gunes Teknolojileri's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	593.512	/	( ( (12899.909 - 8126.521)	+	(14919.483 - 9728.104) )	/ 2 )
	=	593.512	/	( ( 4773.388	+	5191.379 )	/ 2 )
	=	593.512	/	4982.3835
	=	11.91 %

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

Smart Gunes Teknolojileri (IST:SMRTG) 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.

Smart Gunes Teknolojileri ROCE % Related Terms

Thank you for viewing the detailed overview of Smart Gunes Teknolojileri's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Smart Gunes Teknolojileri Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smart Gunes Teknolojileri (IST:SMRTG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ruzgarlibahce, Feragat Sk. No:2, 34805 Beykoz, Istanbul, TUR

Website

https://www.smartsolar.com.tr

Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants.

Smart Gunes Teknolojileri Headlines

No Headlines