Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) ROCE % : 147.73% (As of Sep. 2023)

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What is Alfa Solar Enerjinayi Ve Ticaret 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. Alfa Solar Enerjinayi Ve Ticaret AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 147.73%.

Alfa Solar Enerjinayi Ve Ticaret AS ROCE % Historical Data

The historical data trend for Alfa Solar Enerjinayi Ve Ticaret 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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Alfa Solar Enerjinayi Ve Ticaret AS ROCE % Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

58.71

112.14

60.03

93.35

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						136.20	120.59	119.18	84.01	147.73

Alfa Solar Enerjinayi Ve Ticaret AS ROCE % Calculation

Alfa Solar Enerjinayi Ve Ticaret 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 )
	=	500.764	/	( ( (440.607 - 327.295)	+	(1970.722 - 1011.213) )	/ 2 )
	=	500.764	/	( (113.312	+	959.509)	/ 2 )
	=	500.764	/	536.4105
	=	93.35 %

Alfa Solar Enerjinayi Ve Ticaret 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 )
	=	2449.924	/	( ( (3456.245 - 2059.726)	+	(4010.712 - 2090.41) )	/ 2 )
	=	2449.924	/	( ( 1396.519	+	1920.302 )	/ 2 )
	=	2449.924	/	1658.4105
	=	147.73 %

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

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) 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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Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alfa Solar Enerji Sanayi Ve Ticaret AS (IST:ALFAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No: 31, Yelken Plaza, Cankaya, Ankara, TUR

Website

https://www.alfasolarenerji.com

Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.

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