Altinyag Kombinalari AS (IST:ALMAD) ROCE % : 78.46% (As of Sep. 2023)

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What is Altinyag Kombinalari 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. Altinyag Kombinalari AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 78.46%.

Altinyag Kombinalari AS ROCE % Historical Data

The historical data trend for Altinyag Kombinalari 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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Altinyag Kombinalari AS ROCE % Chart

Altinyag Kombinalari AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-74.95

37.58

58.30

25.70

53.36

Altinyag Kombinalari 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															67.28	51.62	18.54	47.76	78.46

Altinyag Kombinalari AS ROCE % Calculation

Altinyag Kombinalari 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 )
	=	206.356	/	( ( (330.052 - 17.684)	+	(492.79 - 31.741) )	/ 2 )
	=	206.356	/	( (312.368	+	461.049)	/ 2 )
	=	206.356	/	386.7085
	=	53.36 %

Altinyag Kombinalari 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 )
	=	442.292	/	( ( (557.098 - 45.71)	+	(651.34 - 35.254) )	/ 2 )
	=	442.292	/	( ( 511.388	+	616.086 )	/ 2 )
	=	442.292	/	563.737
	=	78.46 %

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

Altinyag Kombinalari AS (IST:ALMAD) 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.

Altinyag Kombinalari AS ROCE % Related Terms

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Altinyag Kombinalari AS (IST:ALMAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Altinyag Kombinalari AS (IST:ALMAD) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ataturk OSB, Sk Number 7, Izmir, Cigli, TUR, 10035

Website

http://www.altinyag.com.tr

Altinyag Kombinalari AS is a Turkey-based company engaged in producing vegetable oils from various seeds including Canola Seed, Linseed, Camelina Sativa Seed, Soy Bean Seed, and Sunflower Seed among others. The products of the company consist of Crude Oil, Semi-Refined Vegetable Oil, Fully Refined Vegetable Oil, Vegetable Oil Mixtures and Soap Stock.

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