Turcas Petrol AS (IST:TRCAS) ROCE % : -0.34% (As of Mar. 2024)

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What is Turcas Petrol 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. Turcas Petrol AS's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.34%.

Turcas Petrol AS ROCE % Historical Data

The historical data trend for Turcas Petrol 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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Turcas Petrol AS ROCE % Chart

Turcas Petrol AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.17

-9.08

-2.21

19.32

5.77

Turcas Petrol AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-21.46	25.65	191.88	-37.95	-0.34

Turcas Petrol AS ROCE % Calculation

Turcas Petrol 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 )
	=	383.062	/	( ( (6827.28 - 156.78)	+	(6842.091 - 242.168) )	/ 2 )
	=	383.062	/	( (6670.5	+	6599.923)	/ 2 )
	=	383.062	/	6635.2115
	=	5.77 %

Turcas Petrol AS's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-24.82	/	( ( (6842.091 - 242.168)	+	(8283.73 - 267.334) )	/ 2 )
	=	-24.82	/	( ( 6599.923	+	8016.396 )	/ 2 )
	=	-24.82	/	7308.1595
	=	-0.34 %

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

Turcas Petrol AS (IST:TRCAS) 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.

Turcas Petrol AS ROCE % Related Terms

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Turcas Petrol AS (IST:TRCAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Turcas Petrol AS (IST:TRCAS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ahi Evran Street No: 6, Aksoy Plaza, 7th floor, Maslak, Istanbul, TUR, 34398

Website

https://www.turcas.com.tr

Turcas Petrol AS is an oil and energy focused investment company. It is engaged in fuel distribution and lubricants, conventional energy, and renewable energy fields in Turkey. The company is involved in the operation of Shell-branded fuel stations that offer fuel products and lubricants. The operating segments of the group are Oil, Electricity and Others. The products which are included in Oil segment are fuel products, lubricants and engine oil. The Electricity segment consists of power generation activity.

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