ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Manas Enerji Yonetiminayi ve Ticaret AS's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2024 was 0.06%.
Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Manas Enerji Yonetiminayi ve Ticaret AS's WACC % is 0.00%. Manas Enerji Yonetiminayi ve Ticaret AS's ROIC % is 0.00% (calculated using TTM income statement data).
Manas Enerji Yonetiminayi ve Ticaret AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Manas Enerji Yonetiminayi ve Ticaret AS ROIC % Related Terms
Manas Enerji Yonetiminayi ve Ticaret AS ROIC % Historical Data
* 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.
Manas Enerji Yonetiminayi ve Ticaret AS ROIC % Chart
Manas Enerji Yonetiminayi ve Ticaret AS Annual Data
For the Electrical Equipment & Parts subindustry, Manas Enerji Yonetiminayi ve Ticaret AS's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manas Enerji Yonetiminayi ve Ticaret AS ROIC % vs Industrial Products Industry
Note:
The Operating Income data used here is four times the quarterly (Sep. 2024) data.
The tax rate is limited to between 0% and 100%.
* 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.
Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) has a ROIC % of 0.06% as of Sep. 2024. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Manas Enerji Yonetiminayi ve Ticaret AS and its competitors.
Is Manas Enerji Yonetiminayi ve Ticaret AS's ROIC % too high?
Manas Enerji Yonetiminayi ve Ticaret AS's current ROIC % is 0.06%. The Industrial Products industry median ROIC % is 5.23. Manas Enerji Yonetiminayi ve Ticaret AS's value of 0.06% is 98.9% below this industry median. Overall, Manas Enerji Yonetiminayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Manas Enerji Yonetiminayi ve Ticaret AS's ROIC % compare to VRT and HUBB?
Manas Enerji Yonetiminayi ve Ticaret AS's ROIC % of 0.06% can be compared against companies in the Industrial Products industry. The industry median ROIC % is 5.23. Manas Enerji Yonetiminayi ve Ticaret AS's value of 0.06% is 98.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Industrial Products company?
The median ROIC % among Industrial Products companies is 5.23, based on 3,040 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manas Enerji Yonetiminayi ve Ticaret AS's current ROIC % of 0.06% is 98.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Manas Enerji Yonetiminayi ve Ticaret AS and its competitors. For the Industrial Products industry, the median ROIC % is 5.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manas Enerji Yonetiminayi ve Ticaret AS's current ROIC % is 0.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manas Enerji Yonetiminayi ve Ticaret AS stock overvalued right now?
Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS) has a current ROIC % of 0.06%. The current ROIC % is 0.06% and 98.9% below the Industrial Products industry median of 5.23. Manas Enerji Yonetiminayi ve Ticaret AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Manas Enerji Yonetiminayi ve Ticaret AS (IST:MANAS), the current ROIC % is 0.06% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Manas Enerji Yonetiminayi ve Ticaret AS Business Description
Manas Enerji Yonetimi Sanayi ve Ticaret AS is engaged in the business of smart metering systems and solutions. Its products are into electro-controlled gas, water, heat and electricity meters also AMR, M2M, AMI AND, meter remote control system solutions.
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