TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) ROCE % : 6.61% (As of Mar. 2024)

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What is TAV Havalimanlari Holding 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. TAV Havalimanlari Holding AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.61%.

TAV Havalimanlari Holding AS ROCE % Historical Data

The historical data trend for TAV Havalimanlari Holding 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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TAV Havalimanlari Holding AS ROCE % Chart

TAV Havalimanlari Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.97

-6.95

7.67

8.46

12.33

TAV Havalimanlari Holding 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															1.09	10.98	26.39	10.36	6.61

TAV Havalimanlari Holding AS ROCE % Calculation

TAV Havalimanlari Holding 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 )
	=	491.568	/	( ( (4531.497 - 774.605)	+	(5183.313 - 968.616) )	/ 2 )
	=	491.568	/	( (3756.892	+	4214.697)	/ 2 )
	=	491.568	/	3985.7945
	=	12.33 %

TAV Havalimanlari Holding 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 )
	=	280.54	/	( ( (5183.313 - 968.616)	+	(5196.316 - 927.202) )	/ 2 )
	=	280.54	/	( ( 4214.697	+	4269.114 )	/ 2 )
	=	280.54	/	4241.9055
	=	6.61 %

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

TAV Havalimanlari Holding AS (OTCPK:TAVHY) 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.

TAV Havalimanlari Holding AS ROCE % Related Terms

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TAV Havalimanlari Holding AS (TAV Havalimanlari Holding AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TAV Havalimanlari Holding AS (OTCPK:TAVHY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TAVHF:USA TAVHL:Turkey 5THA:Germany 5THA:Germany

Address

Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485

Website

https://www.tavhavalimanlari.com.tr

TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings and airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.