Sanica Isinayi AS (IST:SNICA) ROCE % : 31.75% (As of Dec. 2023)

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What is Sanica Isinayi 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. Sanica Isinayi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.75%.

Sanica Isinayi AS ROCE % Historical Data

The historical data trend for Sanica Isinayi 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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Sanica Isinayi AS ROCE % Chart

Sanica Isinayi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

35.75

42.51

33.96

25.80

17.22

Sanica Isinayi AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							12.20	12.22	23.22	6.63	31.75

Sanica Isinayi AS ROCE % Calculation

Sanica Isinayi 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 )
	=	436.788	/	( ( (4015.617 - 1574.204)	+	(3555.455 - 924.961) )	/ 2 )
	=	436.788	/	( (2441.413	+	2630.494)	/ 2 )
	=	436.788	/	2535.9535
	=	17.22 %

Sanica Isinayi 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 )
	=	635.788	/	( ( (2376.208 - 1002.134)	+	(3555.455 - 924.961) )	/ 2 )
	=	635.788	/	( ( 1374.074	+	2630.494 )	/ 2 )
	=	635.788	/	2002.284
	=	31.75 %

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

Sanica Isinayi AS (IST:SNICA) 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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Sanica Isinayi AS (IST:SNICA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sanica Isi Sanayi AS (IST:SNICA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kavakl? Mah Istanbul Cad. No: 10, Istanbul, TUR, 34520

Website

https://www.sanicaisi.com.tr

Sanica Isi Sanayi AS engages in manufacturing fabricated metal products, machinery electrical equipment, and transportation vehicles. It is a manufacturer of acrylic bathtubs and also produces bathrooms, spas, heat, plumbing, glass, and infrastructure. It offers electric housewares, acrylic bathtubs, boilers, panel radiators, and towel warmers.

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