Tupras-Turkiye Petrol Rafineleri AS (Tupras-Turkiye Petrol Rafineleri AS) ROCE % : 49.50% (As of Dec. 2023)

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What is Tupras-Turkiye Petrol Rafineleri 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. Tupras-Turkiye Petrol Rafineleri AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 49.50%.

Tupras-Turkiye Petrol Rafineleri AS ROCE % Historical Data

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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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Tupras-Turkiye Petrol Rafineleri AS ROCE % Chart

Tupras-Turkiye Petrol Rafineleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.19

-4.70

9.77

56.47

24.06

Tupras-Turkiye Petrol Rafineleri 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															137.01	30.14	28.67	107.45	49.50

Tupras-Turkiye Petrol Rafineleri AS ROCE % Calculation

Tupras-Turkiye Petrol Rafineleri 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 )
	=	2278.856	/	( ( (18636.122 - 6967.964)	+	(12614.072 - 5339.785) )	/ 2 )
	=	2278.856	/	( (11668.158	+	7274.287)	/ 2 )
	=	2278.856	/	9471.2225
	=	24.06 %

Tupras-Turkiye Petrol Rafineleri 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 )
	=	2702.808	/	( ( (9300.283 - 5654.833)	+	(12614.072 - 5339.785) )	/ 2 )
	=	2702.808	/	( ( 3645.45	+	7274.287 )	/ 2 )
	=	2702.808	/	5459.8685
	=	49.50 %

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

Tupras-Turkiye Petrol Rafineleri AS (OTCPK:TUPRF) 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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Tupras-Turkiye Petrol Rafineleri AS (Tupras-Turkiye Petrol Rafineleri AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tupras-Turkiye Petrol Rafineleri AS (OTCPK:TUPRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TUPRS:Turkey

Address

Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790

Website

http://www.tupras.com.tr

Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.

Tupras-Turkiye Petrol Rafineleri AS (Tupras-Turkiye Petrol Rafineleri AS) Headlines

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