VBT Yazilim AS (IST:VBTYZ) ROCE % : 14.65% (As of Dec. 2023)

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What is VBT Yazilim 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. VBT Yazilim AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.65%.

VBT Yazilim AS ROCE % Historical Data

The historical data trend for VBT Yazilim 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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VBT Yazilim AS ROCE % Chart

VBT Yazilim AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.79

41.44

41.12

12.78

24.39

VBT Yazilim AS Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-13.23	21.10	91.87	31.39	14.65

VBT Yazilim AS ROCE % Calculation

VBT Yazilim 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 )
	=	124.663	/	( ( (1541.822 - 1039.157)	+	(763.289 - 243.632) )	/ 2 )
	=	124.663	/	( (502.665	+	519.657)	/ 2 )
	=	124.663	/	511.161
	=	24.39 %

VBT Yazilim 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	61.548	/	( ( (470.053 - 149.328)	+	(763.289 - 243.632) )	/ 2 )
	=	61.548	/	( ( 320.725	+	519.657 )	/ 2 )
	=	61.548	/	420.191
	=	14.65 %

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

VBT Yazilim AS (IST:VBTYZ) 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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VBT Yazilim AS (IST:VBTYZ) Business Description

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Address

Icerenkoy Mh. Umut Sk. No:10-12, AND Plaza, K:13 D:57-60, Atasehir, Istanbul, TUR, 34752

Website

https://www.vbt.com.tr

VBT Yazilim AS is an information technology company. Its products include E-Transformation Applications, Energy and Utility Applications, Public Applications, Commercial Applications, Application Modernization, BMC Software, IBM, MICRO FOCUS, Jennifer. Its services include Outsource, Training, Consultancy Services, and Modernization.

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