Turk Telekomunikasyon AS (IST:TTKOM) ROCE % : 21.80% (As of Sep. 2024)

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What is Turk Telekomunikasyon 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 Telekomunikasyon AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.80%.

Turk Telekomunikasyon AS ROCE % Historical Data

The historical data trend for Turk Telekomunikasyon 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 Telekomunikasyon AS ROCE % Chart

Turk Telekomunikasyon AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.88

21.84

22.26

15.39

7.56

Turk Telekomunikasyon AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															99.65	-118.31	28.18	24.63	21.80

Turk Telekomunikasyon AS ROCE % Calculation

Turk Telekomunikasyon 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 )
	=	10644.642	/	( ( (187304.063 - 43747.98)	+	(194720.878 - 56574.989) )	/ 2 )
	=	10644.642	/	( (143556.083	+	138145.889)	/ 2 )
	=	10644.642	/	140850.986
	=	7.56 %

Turk Telekomunikasyon AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	39824.608	/	( ( (225199.679 - 51451.617)	+	(243265.938 - 51580.556) )	/ 2 )
	=	39824.608	/	( ( 173748.062	+	191685.382 )	/ 2 )
	=	39824.608	/	182716.722
	=	21.80 %

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

Turk Telekomunikasyon AS (IST:TTKOM) 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.

Turk Telekomunikasyon AS ROCE % Related Terms

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Turk Telekomunikasyon AS Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Turk Telekomunikasyon AS (IST:TTKOM) » Definitions » ROCE %

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Traded in Other Exchanges

TRKNY:USA 4TTA:Germany

Address

Turgut Ozal Bulvari, Aydinlikevler, Ankara, TUR, 06103

Website

https://www.turktelekom.com.tr

Turk Telekomunikasyon AS is a multi-play telecommunications company that provides broadband, mobile, and TV services for companies and individuals. From a product perspective, revenue comes from mobile and broadband products, which are typically offered on a subscription basis. Within mobile, however, there is roughly an even split between postpaid and prepaid customers. Additionally, Turk Telekomunikasyon owns mobile and fiber infrastructure. The company generates the vast majority of its revenue in Turkey. The Group has two main segments; fixed line and mobile. Fixed line services are provided by Turk Telekom, TTNet, Argela, Innova, Sebit, AssisTT, TTES, TT Venture, TT Destek Hizmetleri and TTINT Group whereas mobile service is provided by TT Mobil.

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