Trakya Camnayii AS (Trakya Camnayii AS) ROCE % : 12.38% (As of Dec. 2020)

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What is Trakya Camnayii 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. Trakya Camnayii AS's annualized ROCE % for the quarter that ended in Dec. 2020 was 12.38%.

Trakya Camnayii AS ROCE % Historical Data

The historical data trend for Trakya Camnayii 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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Trakya Camnayii AS ROCE % Chart

Trakya Camnayii AS Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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12.19

16.51

15.05

37.77

18.76

Trakya Camnayii AS Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															39.17	9.35	-3.09	30.08	12.38

Trakya Camnayii AS ROCE % Calculation

Trakya Camnayii AS's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	615.752	/	( ( (2547.474 - 649.903)	+	(5735.021 - 1068.278) )	/ 2 )
	=	615.752	/	( (1897.571	+	4666.743)	/ 2 )
	=	615.752	/	3282.157
	=	18.76 %

Trakya Camnayii AS's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	587.004	/	( ( (5933.269 - 1114.651)	+	(5735.021 - 1068.278) )	/ 2 )
	=	587.004	/	( ( 4818.618	+	4666.743 )	/ 2 )
	=	587.004	/	4742.6805
	=	12.38 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Trakya Camnayii AS (GREY:TRKCY) 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.

Trakya Camnayii AS ROCE % Related Terms

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Trakya Camnayii AS (Trakya Camnayii AS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Trakya Cam Sanayii AS (GREY:TRKCY) » Definitions » ROCE %

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Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecamduzcam.com

Trakya Cam Sanayii AS is a building materials company engaged in glass manufacturing. The company creates glass products that include solar glass, automobile glass, home appliance glass, and architectural glass. Trakya's solar glass is utilized for photovoltaics and thermal collectors, while its home appliance glass segment is used in ovens and refrigerators. The company's architectural glass segment is used in retail stores, high-rise buildings, and airports. These core offering are supplemented by other products, such as energy efficient glass, which utilizes heat controlled insulation. The company generates the majority of its revenue in Turkey.

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