Europap Tezol Kagit (IST:TEZOL) ROCE % : -41.24% (As of Dec. 2023)

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What is Europap Tezol Kagit 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. Europap Tezol Kagit's annualized ROCE % for the quarter that ended in Dec. 2023 was -41.24%.

Europap Tezol Kagit ROCE % Historical Data

The historical data trend for Europap Tezol Kagit'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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Europap Tezol Kagit ROCE % Chart

Europap Tezol Kagit Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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48.06

35.85

38.85

28.60

9.01

Europap Tezol Kagit Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											69.67	25.21	36.74	47.02	-41.24

Europap Tezol Kagit ROCE % Calculation

Europap Tezol Kagit'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 )
	=	309.79	/	( ( (4192.576 - 739.567)	+	(4158.85 - 732.009) )	/ 2 )
	=	309.79	/	( (3453.009	+	3426.841)	/ 2 )
	=	309.79	/	3439.925
	=	9.01 %

Europap Tezol Kagit'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 )
	=	-1151.832	/	( ( (2756.131 - 597.626)	+	(4158.85 - 732.009) )	/ 2 )
	=	-1151.832	/	( ( 2158.505	+	3426.841 )	/ 2 )
	=	-1151.832	/	2792.673
	=	-41.24 %

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

Europap Tezol Kagit (IST:TEZOL) 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.

Europap Tezol Kagit ROCE % Related Terms

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Europap Tezol Kagit (IST:TEZOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Europap Tezol Kagit (IST:TEZOL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yedi Eylul, Philsa Caddesi, No:36, Torbali, Izmir, TUR, 35860

Website

https://www.tezol.com.tr

Europap Tezol Kagit is engaged in producing napkins, toilet paper, and kitchen towels from the semi-finished cleaning papers in the form of bobbins procured from outside Turkey.

Europap Tezol Kagit (IST:TEZOL) Headlines

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