CEO Event Medya AS (IST:CEOEM) ROCE % : 53.20% (As of Sep. 2023)

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What is CEO Event Medya 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. CEO Event Medya AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 53.20%.

CEO Event Medya AS ROCE % Historical Data

The historical data trend for CEO Event Medya 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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CEO Event Medya AS ROCE % Chart

CEO Event Medya AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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40.19

3.57

3.98

38.34

22.79

CEO Event Medya 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															17.13	-1.48	10.11	131.94	53.20

CEO Event Medya AS ROCE % Calculation

CEO Event Medya 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 )
	=	25.411	/	( ( (125.752 - 15.606)	+	(152.668 - 39.858) )	/ 2 )
	=	25.411	/	( (110.146	+	112.81)	/ 2 )
	=	25.411	/	111.478
	=	22.79 %

CEO Event Medya 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 )
	=	91.804	/	( ( (226 - 66.257)	+	(272.627 - 87.274) )	/ 2 )
	=	91.804	/	( ( 159.743	+	185.353 )	/ 2 )
	=	91.804	/	172.548
	=	53.20 %

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

CEO Event Medya AS (IST:CEOEM) 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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CEO Event Medya AS (IST:CEOEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CEO Event Medya AS (IST:CEOEM) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Koza Business Center B-Blok 12/17, Balmumcu Mh. Morbasan Sk., Besiktas, Istanbul, TUR

Website

http://www.ceoevent.com.tr

CEO Event Medya AS is a Turkey based company involved in the event management business. It focuses on the six main dimensions of event management which are Congress, Sports, Entertainment, Fair, Design and Corporate areas.

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