Dogus Otomotiv Servis Ve Tic AS (Dogus Otomotiv Servis Ve Tic AS) ROCE % : 120.17% (As of Sep. 2023)

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What is Dogus Otomotiv Servis Ve Tic 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. Dogus Otomotiv Servis Ve Tic AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 120.17%.

Dogus Otomotiv Servis Ve Tic AS ROCE % Historical Data

The historical data trend for Dogus Otomotiv Servis Ve Tic 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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Dogus Otomotiv Servis Ve Tic AS ROCE % Chart

Dogus Otomotiv Servis Ve Tic AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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36.53

38.39

70.63

75.37

97.41

Dogus Otomotiv Servis Ve Tic AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															125.45	101.81	128.87	116.56	120.17

Dogus Otomotiv Servis Ve Tic AS ROCE % Calculation

Dogus Otomotiv Servis Ve Tic AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	489.295	/	( ( (719.49 - 375.193)	+	(1107.617 - 447.308) )	/ 2 )
	=	489.295	/	( (344.297	+	660.309)	/ 2 )
	=	489.295	/	502.303
	=	97.41 %

Dogus Otomotiv Servis Ve Tic AS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1245.284	/	( ( (1577.587 - 595.656)	+	(1718.615 - 627.939) )	/ 2 )
	=	1245.284	/	( ( 981.931	+	1090.676 )	/ 2 )
	=	1245.284	/	1036.3035
	=	120.17 %

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

Dogus Otomotiv Servis Ve Tic AS (OTCPK:DOMVF) 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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Dogus Otomotiv Servis Ve Tic AS (Dogus Otomotiv Servis Ve Tic AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dogus Otomotiv Servis Ve Tic AS (OTCPK:DOMVF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DOAS:Turkey

Address

Maslak Mahallesi, Ahi Evran Caddesi, Dogus Center Maslak, Number 4, IC Kapi Number 13, Sariyer, Istanbul, TUR

Website

http://www.dogusotomotiv.com.tr

Dogus Otomotiv Servis Ve Tic AS is a Turkey-based distributor of Volkswagen AG and its activities include importing, marketing and selling automobiles and spare parts of Volkswagen Group brands. The company also operates in the used car market across Turkey throughout its dealer network.

Dogus Otomotiv Servis Ve Tic AS (Dogus Otomotiv Servis Ve Tic AS) Headlines

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Q4 2023 Dogus Otomotiv Servis ve Ticaret AS Earnings Call Transcript

By GuruFocus Research • 03-19-2024