Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) ROCE % : 7.53% (As of Sep. 2023)

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What is Ozak Gayrimenkul Yatirim Ortakligi 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. Ozak Gayrimenkul Yatirim Ortakligi's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.53%.

Ozak Gayrimenkul Yatirim Ortakligi ROCE % Historical Data

The historical data trend for Ozak Gayrimenkul Yatirim Ortakligi'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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Ozak Gayrimenkul Yatirim Ortakligi ROCE % Chart

Ozak Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.97

11.48

15.42

39.84

65.39

Ozak Gayrimenkul Yatirim Ortakligi 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															148.82	79.87	7.46	94.15	7.53

Ozak Gayrimenkul Yatirim Ortakligi ROCE % Calculation

Ozak Gayrimenkul Yatirim Ortakligi'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 )
	=	8503.782	/	( ( (9063.026 - 1281.867)	+	(19617.525 - 1388.783) )	/ 2 )
	=	8503.782	/	( (7781.159	+	18228.742)	/ 2 )
	=	8503.782	/	13004.9505
	=	65.39 %

Ozak Gayrimenkul Yatirim Ortakligi'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 )
	=	1992.908	/	( ( (27948.208 - 1853.402)	+	(28797.403 - 1926.223) )	/ 2 )
	=	1992.908	/	( ( 26094.806	+	26871.18 )	/ 2 )
	=	1992.908	/	26482.993
	=	7.53 %

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

Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) 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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Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) » Definitions » ROCE %

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Address

Kazlicesme Mah. Kennedy Cad. No:52C, D:1 Zeytinburnu, Istanbul, TUR, 34020

Website

http://www.ozakgyo.com

Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall.

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