Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) ROCE % : -47.16% (As of Dec. 2023)

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What is Formet Metal Ve Camnayi Anonim Sirketi 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. Formet Metal Ve Camnayi Anonim Sirketi's annualized ROCE % for the quarter that ended in Dec. 2023 was -47.16%.

Formet Metal Ve Camnayi Anonim Sirketi ROCE % Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi'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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Formet Metal Ve Camnayi Anonim Sirketi ROCE % Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.34

35.18

11.67

15.44

-6.00

Formet Metal Ve Camnayi Anonim Sirketi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															44.63	28.96	14.92	11.92	-47.16

Formet Metal Ve Camnayi Anonim Sirketi ROCE % Calculation

Formet Metal Ve Camnayi Anonim Sirketi'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 )
	=	-44.559	/	( ( (702.919 - 241.243)	+	(1324.468 - 300.696) )	/ 2 )
	=	-44.559	/	( (461.676	+	1023.772)	/ 2 )
	=	-44.559	/	742.724
	=	-6.00 %

Formet Metal Ve Camnayi Anonim Sirketi'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 )
	=	-415.596	/	( ( (1049.654 - 310.821)	+	(1324.468 - 300.696) )	/ 2 )
	=	-415.596	/	( ( 738.833	+	1023.772 )	/ 2 )
	=	-415.596	/	881.3025
	=	-47.16 %

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

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) 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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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Formet Metal Ve Cam Sanayi Anonim Sirketi (IST:FORMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR

Website

http://www.formetcelikkapi.com.tr

Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Headlines

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