Sumas Suni Tahta VE Mobilyanayi AS (IST:SUMAS) ROCE % : -6.49% (As of Jun. 2024)

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What is Sumas Suni Tahta VE Mobilyanayi 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. Sumas Suni Tahta VE Mobilyanayi AS's annualized ROCE % for the quarter that ended in Jun. 2024 was -6.49%.

Sumas Suni Tahta VE Mobilyanayi AS ROCE % Historical Data

The historical data trend for Sumas Suni Tahta VE Mobilyanayi 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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Sumas Suni Tahta VE Mobilyanayi AS ROCE % Chart

Sumas Suni Tahta VE Mobilyanayi AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

ROCE %

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72.01

85.40

43.73

88.39

52.17

Sumas Suni Tahta VE Mobilyanayi AS Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
ROCE %	Get a 7-Day Free Trial									93.52	71.12	35.88	-7.77	-6.49

Sumas Suni Tahta VE Mobilyanayi AS ROCE % Calculation

Sumas Suni Tahta VE Mobilyanayi AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	59.263	/	( ( (115.653 - 23.077)	+	(175.319 - 40.724) )	/ 2 )
	=	59.263	/	( (92.576	+	134.595)	/ 2 )
	=	59.263	/	113.5855
	=	52.17 %

Sumas Suni Tahta VE Mobilyanayi AS'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: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	-21.57	/	( ( (0 - 0)	+	(398.273 - 65.668) )	/ 1 )
	=	-21.57	/	( ( 0	+	332.605 )	/ 1 )
	=	-21.57	/	332.605
	=	-6.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Sumas Suni Tahta VE Mobilyanayi AS (IST:SUMAS) 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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Sumas Suni Tahta VE Mobilyanayi AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sumas Suni Tahta VE Mobilya Sanayi AS (IST:SUMAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yoloren Village, Edremite, Balikesir, TUR

Website

http://www.sumas.com.tr

Sumas Suni Tahta VE Mobilya Sanayi AS is engaged in the manufacture of paper. The company produces water-resistant green board and fire-resistant chipboard products. Its product is used in roofing, shingle underlay, flooring, construction of nurse resistant, flat and insulated surfaces, and shop construction and decoration and others.

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