Tureks Turizm Tasimacilik AS (IST:TUREX) ROCE % : 18.78% (As of Dec. 2023)

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What is Tureks Turizm Tasimacilik 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. Tureks Turizm Tasimacilik AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.78%.

Tureks Turizm Tasimacilik AS ROCE % Historical Data

The historical data trend for Tureks Turizm Tasimacilik 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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Tureks Turizm Tasimacilik AS ROCE % Chart

Tureks Turizm Tasimacilik AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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52.92

36.10

24.20

17.90

18.78

Tureks Turizm Tasimacilik AS Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			52.92	36.10	24.20	17.90	18.78

Tureks Turizm Tasimacilik AS ROCE % Calculation

Tureks Turizm Tasimacilik 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 )
	=	596.054	/	( ( (2307.058 - 554.988)	+	(5209.696 - 613.288) )	/ 2 )
	=	596.054	/	( (1752.07	+	4596.408)	/ 2 )
	=	596.054	/	3174.239
	=	18.78 %

Tureks Turizm Tasimacilik 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	596.054	/	( ( (2307.058 - 554.988)	+	(5209.696 - 613.288) )	/ 2 )
	=	596.054	/	( ( 1752.07	+	4596.408 )	/ 2 )
	=	596.054	/	3174.239
	=	18.78 %

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

Tureks Turizm Tasimacilik AS (IST:TUREX) 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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Tureks Turizm Tasimacilik AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tureks Turizm Tasimacilik AS (IST:TUREX) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Zafer Mahallesi 139, Sokak No:1 Esenyurt, Istanbul, TUR

Website

https://www.turexturizm.com.tr

Tureks Turizm Tasimacilik AS offers transport services to the prominent public and private establishments of Turkey in the field of tourism, personnel, and student transportation with its professional management, expert driver staff, and strong technological infrastructure, on the basis of the principle of permanent development.

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