Anel Elektrik Proje Taahhut ve Ticaret AS (IST:ANELE) ROCE % : -12.90% (As of Sep. 2023)

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What is Anel Elektrik Proje Taahhut 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. Anel Elektrik Proje Taahhut ve Ticaret AS's annualized ROCE % for the quarter that ended in Sep. 2023 was -12.90%.

Anel Elektrik Proje Taahhut ve Ticaret AS ROCE % Historical Data

The historical data trend for Anel Elektrik Proje Taahhut 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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Anel Elektrik Proje Taahhut ve Ticaret AS ROCE % Chart

Anel Elektrik Proje Taahhut ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.91

5.19

-15.50

-2.99

23.32

Anel Elektrik Proje Taahhut ve Ticaret 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															-18.95	119.67	-0.19	-13.74	-12.90

Anel Elektrik Proje Taahhut ve Ticaret AS ROCE % Calculation

Anel Elektrik Proje Taahhut 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 )
	=	351.943	/	( ( (3255.202 - 2064.151)	+	(4898.774 - 3070.94) )	/ 2 )
	=	351.943	/	( (1191.051	+	1827.834)	/ 2 )
	=	351.943	/	1509.4425
	=	23.32 %

Anel Elektrik Proje Taahhut 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 )
	=	-348.072	/	( ( (6035.902 - 3723.893)	+	(6324.638 - 3242.112) )	/ 2 )
	=	-348.072	/	( ( 2312.009	+	3082.526 )	/ 2 )
	=	-348.072	/	2697.2675
	=	-12.90 %

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

Anel Elektrik Proje Taahhut ve Ticaret AS (IST:ANELE) 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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Anel Elektrik Proje Taahhut ve Ticaret AS (IST:ANELE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anel Elektrik Proje Taahhut ve Ticaret AS (IST:ANELE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anel Business Center, Saray Mah, Site Yolu Sokak No:5/4, Umraniye, Istanbul, TUR, 34768

Website

http://www.anel-elektrik.com

Anel Elektrik Proje Taahhut ve Ticaret A.S. offers electromechanical project contracting services. It develops electrical projects for airports, shopping centers & tourism facilities & is also engages in construction, leasing & maintenance operations.

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