Kordsa Teknik Tekstil AS (IST:KORDS) ROCE % : 4.58% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is Kordsa Teknik Tekstil 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. Kordsa Teknik Tekstil AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.58%.

Kordsa Teknik Tekstil AS ROCE % Historical Data

The historical data trend for Kordsa Teknik Tekstil 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.

* Premium members only.

Kordsa Teknik Tekstil AS ROCE % Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.97

7.40

16.28

16.76

7.36

Kordsa Teknik Tekstil AS 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															4.91	7.04	6.09	9.88	4.58

Kordsa Teknik Tekstil AS ROCE % Calculation

Kordsa Teknik Tekstil AS'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 )
	=	1405.46	/	( ( (23569.206 - 8503.618)	+	(34976.114 - 11858.851) )	/ 2 )
	=	1405.46	/	( (15065.588	+	23117.263)	/ 2 )
	=	1405.46	/	19091.4255
	=	7.36 %

Kordsa Teknik Tekstil AS'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 )
	=	1049.156	/	( ( (31671.942 - 9023.166)	+	(34976.114 - 11858.851) )	/ 2 )
	=	1049.156	/	( ( 22648.776	+	23117.263 )	/ 2 )
	=	1049.156	/	22883.0195
	=	4.58 %

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

Kordsa Teknik Tekstil AS (IST:KORDS) 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.

Kordsa Teknik Tekstil AS ROCE % Related Terms

Thank you for viewing the detailed overview of Kordsa Teknik Tekstil AS's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kordsa Teknik Tekstil AS (IST:KORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa of which it derives a majority of revenue from North America.

Kordsa Teknik Tekstil AS (IST:KORDS) Headlines

No Headlines