Bim Birlesik Magazalar AS (IST:BIMAS) ROCE % : 52.79% (As of Sep. 2023)

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What is Bim Birlesik Magazalar 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. Bim Birlesik Magazalar AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 52.79%.

Bim Birlesik Magazalar AS ROCE % Historical Data

The historical data trend for Bim Birlesik Magazalar 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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Bim Birlesik Magazalar AS ROCE % Chart

Bim Birlesik Magazalar AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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46.40

38.44

40.26

35.20

39.57

Bim Birlesik Magazalar 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															53.60	46.38	23.13	38.07	52.79

Bim Birlesik Magazalar AS ROCE % Calculation

Bim Birlesik Magazalar 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 )
	=	9974.764	/	( ( (30412.122 - 15864.572)	+	(64684.433 - 28809.987) )	/ 2 )
	=	9974.764	/	( (14547.55	+	35874.446)	/ 2 )
	=	9974.764	/	25210.998
	=	39.57 %

Bim Birlesik Magazalar 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 )
	=	23150.408	/	( ( (83649.126 - 42440.765)	+	(99427.7 - 52922.816) )	/ 2 )
	=	23150.408	/	( ( 41208.361	+	46504.884 )	/ 2 )
	=	23150.408	/	43856.6225
	=	52.79 %

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

Bim Birlesik Magazalar AS (IST:BIMAS) 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.

Bim Birlesik Magazalar AS ROCE % Related Terms

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Bim Birlesik Magazalar AS (IST:BIMAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bim Birlesik Magazalar AS (IST:BIMAS) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Abdurrahmangazi Mahallesi, Ebubekir Caddesi No: 73, Sancaktepe, Istanbul, TUR, 34887

Website

https://www.bim.com.tr

Bim Birlesik Magazalar AS is a Turkey-based company that is engaged in operating retail stores through its retail shops throughout Turkey, which sell an assortment of approximately 850 items, including a number of private label products which includes Fresh Meat Products, Milk and milk products, Beverages, Legumes and Bakery, Snacks and Sweets, Fruits and Vegetables, Frozen Food, Cleaning Supplies, Oils and Cosmetics and papers. The company also operates abroad including in Morocco and Egypt.

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