Yonga Mobilyanayi ve Ticaret AS (IST:YONGA) ROCE % : -32.75% (As of Dec. 2017)

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What is Yonga Mobilyanayi ve Ticaret 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. Yonga Mobilyanayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Dec. 2017 was -32.75%.

Yonga Mobilyanayi ve Ticaret AS ROCE % Historical Data

The historical data trend for Yonga Mobilyanayi ve Ticaret 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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Yonga Mobilyanayi ve Ticaret AS ROCE % Chart

Yonga Mobilyanayi ve Ticaret AS Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

ROCE %

35.02

34.24

10.22

-22.54

Yonga Mobilyanayi ve Ticaret AS Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Jun16	Dec16	Jun17	Dec17
ROCE %	Get a 7-Day Free Trial			24.14	19.03	5.63	-13.58	-32.75

Yonga Mobilyanayi ve Ticaret AS ROCE % Calculation

Yonga Mobilyanayi ve Ticaret AS's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-5.498	/	( ( (33.902 - 5.855)	+	(35.741 - 14.994) )	/ 2 )
	=	-5.498	/	( (28.047	+	20.747)	/ 2 )
	=	-5.498	/	24.397
	=	-22.54 %

Yonga Mobilyanayi ve Ticaret AS's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	-7.422	/	( ( (34.626 - 10.053)	+	(35.741 - 14.994) )	/ 2 )
	=	-7.422	/	( ( 24.573	+	20.747 )	/ 2 )
	=	-7.422	/	22.66
	=	-32.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2017) EBIT data.

Yonga Mobilyanayi ve Ticaret AS (IST:YONGA) 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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Yonga Mobilyanayi ve Ticaret AS (IST:YONGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Yonga Mobilya Sanayi ve Ticaret AS (IST:YONGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kale Mah. Atatürk Bul. No:196, Pamukkale, Denizli, TUR, 20180

Website

http://www.yongamobilya.com

Yonga Mobilya Sanayi ve Ticaret AS is engaged in the manufacturing furniture in Turkey.

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