Tumosan Motor ve Traktornayi AS (IST:TMSN) ROCE % : 131.86% (As of Sep. 2023)

View and export this data going back to 2012. Start your Free Trial

What is Tumosan Motor ve Traktornayi 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. Tumosan Motor ve Traktornayi AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 131.86%.

Tumosan Motor ve Traktornayi AS ROCE % Historical Data

The historical data trend for Tumosan Motor ve Traktornayi 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.

Tumosan Motor ve Traktornayi AS ROCE % Chart

Tumosan Motor ve Traktornayi AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-0.40

1.75

13.91

12.61

54.64

Tumosan Motor ve Traktornayi 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															47.48	58.59	27.90	84.08	131.86

Tumosan Motor ve Traktornayi AS ROCE % Calculation

Tumosan Motor ve Traktornayi 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 )
	=	789.864	/	( ( (2024.29 - 844.807)	+	(3301.991 - 1590.396) )	/ 2 )
	=	789.864	/	( (1179.483	+	1711.595)	/ 2 )
	=	789.864	/	1445.539
	=	54.64 %

Tumosan Motor ve Traktornayi 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 )
	=	3231.324	/	( ( (4395.514 - 2250.513)	+	(5767.212 - 3011.078) )	/ 2 )
	=	3231.324	/	( ( 2145.001	+	2756.134 )	/ 2 )
	=	3231.324	/	2450.5675
	=	131.86 %

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

Tumosan Motor ve Traktornayi AS (IST:TMSN) 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.

Tumosan Motor ve Traktornayi AS ROCE % Related Terms

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

Tumosan Motor ve Traktornayi AS (IST:TMSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tumosan Motor ve Traktor Sanayi AS (IST:TMSN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maltepe Mahallesi London Asfalti Caddesi Number 28/1, Topkapi, Zeytinburnu, Istanbul, TUR, 34010

Website

http://www.tumosan.com.tr

Tumosan Motor ve Traktor Sanayi AS is a Turkey-based company mainly engaged in manufacturing and production of the diesel engine and tractors. Its products comprise Tractors, Industrial Engines, Agricultural Machinery Engines, Forklifts, and Agricultural Equipments.

Tumosan Motor ve Traktornayi AS (IST:TMSN) Headlines

No Headlines