Marka Yatirim Holding AS (IST:MARKA) ROCE % : 2.67% (As of Jun. 2017)

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What is Marka Yatirim Holding 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. Marka Yatirim Holding AS's annualized ROCE % for the quarter that ended in Jun. 2017 was 2.67%.

Marka Yatirim Holding AS ROCE % Historical Data

The historical data trend for Marka Yatirim Holding 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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Marka Yatirim Holding AS ROCE % Chart

Marka Yatirim Holding AS Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec14

Dec15

Dec16

Dec17

ROCE %

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-6.42

-2.84

-42.70

39.39

-14.02

Marka Yatirim Holding AS Quarterly Data
	Dec09	Mar10	Dec10	Mar11	Sep11	Dec11	Sep12	Dec12	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17
ROCE %	Get a 7-Day Free Trial															-5.85	136.87	75.05	2.67	-

Marka Yatirim Holding AS ROCE % Calculation

Marka Yatirim Holding AS's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-4.131	/	( ( (8.579 - 2.224)	+	(126.891 - 74.312) )	/ 2 )
	=	-4.131	/	( (6.355	+	52.579)	/ 2 )
	=	-4.131	/	29.467
	=	-14.02 %

Marka Yatirim Holding AS's ROCE % of for the quarter that ended in Jun. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	1.144	/	( ( (35.127 - 7.853)	+	(67.275 - 8.715) )	/ 2 )
	=	1.144	/	( ( 27.274	+	58.56 )	/ 2 )
	=	1.144	/	42.917
	=	2.67 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

Marka Yatirim Holding AS (IST:MARKA) 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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Marka Yatirim Holding AS (IST:MARKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Marka Yatirim Holding AS (IST:MARKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 211/64, Abide-i Hürriyet cad, Bolkan center A-B-C Bloklar, istanbul, TUR

Website

http://www.markaholding.com.tr

Marka Yatirim Holding AS is an investment company. It invests & manages portfolio of capital market instruments traded on the domestic & international stock exchanges, gold and other precious metals.

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