Kafein Yazilim Hizmetleri Ticaret AS (IST:KFEIN) ROCE % : 80.83% (As of Sep. 2023)

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What is Kafein Yazilim Hizmetleri 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. Kafein Yazilim Hizmetleri Ticaret AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 80.83%.

Kafein Yazilim Hizmetleri Ticaret AS ROCE % Historical Data

The historical data trend for Kafein Yazilim Hizmetleri 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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Kafein Yazilim Hizmetleri Ticaret AS ROCE % Chart

Kafein Yazilim Hizmetleri Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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35.25

22.07

20.12

6.74

36.80

Kafein Yazilim Hizmetleri 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															43.91	79.17	4.59	36.76	80.83

Kafein Yazilim Hizmetleri Ticaret AS ROCE % Calculation

Kafein Yazilim Hizmetleri 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 )
	=	90.286	/	( ( (300.327 - 98.475)	+	(377.635 - 88.752) )	/ 2 )
	=	90.286	/	( (201.852	+	288.883)	/ 2 )
	=	90.286	/	245.3675
	=	36.80 %

Kafein Yazilim Hizmetleri 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 )
	=	272.324	/	( ( (410.491 - 108.544)	+	(488.557 - 116.697) )	/ 2 )
	=	272.324	/	( ( 301.947	+	371.86 )	/ 2 )
	=	272.324	/	336.9035
	=	80.83 %

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

Kafein Yazilim Hizmetleri Ticaret AS (IST:KFEIN) 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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Kafein Yazilim Hizmetleri Ticaret AS (IST:KFEIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kafein Yazilim Hizmetleri Ticaret AS (IST:KFEIN) » Definitions » ROCE %

Comparable Companies

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N/A

Address

ITU Technology Development Zone, Davutpa?a Campus, Çifte Havuzlar Mah. Old London Asfalt? Cad, C1 Block No: 403 Esenler, Istanbul, TUR

Website

http://www.kafein.com.tr

Kafein Yazilim Hizmetleri Ticaret AS is engaged in developing software solutions, The company's services include application development, test automation services, project management, turnkey software solutions, consulting, managed services, outsourcing services as well as data analysis, data mining and data archiving services.

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