{"id":683,"date":"2026-10-03T15:07:04","date_gmt":"2026-10-03T14:07:04","guid":{"rendered":"https:\/\/wpcalc.com\/tr\/kullanilan-sermaye-getirisi\/"},"modified":"2026-10-03T15:07:04","modified_gmt":"2026-10-03T14:07:04","slug":"kullanilan-sermaye-getirisi","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/tr\/finans\/kullanilan-sermaye-getirisi\/","title":{"rendered":"Kullan\u0131lan Sermaye Getirisi (ROCE) Hesaplama Arac\u0131"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">ROCE (Sermaye Verimlili\u011fi) Hesaplama Arac\u0131<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"683\" data-favorite-title=\"Kullan\u0131lan Sermaye Getirisi\" data-favorite-url=\"https:\/\/wpcalc.com\/tr\/finans\/kullanilan-sermaye-getirisi\/\" data-favorite-excerpt=\"Faaliyet k\u00e2r\u0131 (EBIT) ve kullan\u0131lan sermaye \u00fczerinden Kullan\u0131lan Sermaye Getirisini (ROCE) hesaplay\u0131n. Form\u00fcl\u00fc, \u00e7\u00f6z\u00fcml\u00fc \u00f6rne\u011fi ve sonucun nas\u0131l yorumlanaca\u011f\u0131n\u0131 g\u00f6r\u00fcn.\" aria-label=\"Favorilere ekle\" data-favorite-icon=\"icon icon-inventory\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/tr\/finans\/kullanilan-sermaye-getirisi\/\" method=\"POST\" class=\"calculator\" id=\"calculator-683\" data-post=\"683\"><fieldset class=\"fieldset-input\"><legend class=\"sr-only\">Giri\u015f alanlar\u0131<\/legend><div class=\"field has-term\" id=\"input-1\"><label for=\"field-1\">Faaliyet k\u00e2r\u0131 (EBIT)<\/label><div class=\"term\">P<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"faaliyet_kr_ebit\" id=\"field-1\" aria-describedby=\"calc-unit-1 calc-info-1\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"150000\"\/><div class=\"unit\" id=\"calc-unit-1\">$<\/div><small id=\"calc-info-1\">Faiz ve vergi \u00f6ncesi k\u00e2r<\/small><\/div><div class=\"field has-term\" id=\"input-2\"><label for=\"field-2\">Kullan\u0131lan sermaye<\/label><div class=\"term\">C<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"kullanlan_sermaye\" id=\"field-2\" aria-describedby=\"calc-unit-2 calc-info-2\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0.01\" value=\"1000000\"\/><div class=\"unit\" id=\"calc-unit-2\">$<\/div><small id=\"calc-info-2\">\u0130\u015fletmede kullan\u0131lan toplam sermaye (Varl\u0131klar \u2013 Y\u00fck\u00fcml\u00fcl\u00fckler)<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Yeniden hesapla\" id=\"calculate-button\" data-post=\"683\">Hesapla<\/button><button type=\"reset\">S\u0131f\u0131rla<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Otomatik hesapla<\/label><small>Etkinle\u015ftirilirse, herhangi bir de\u011feri de\u011fi\u015ftirdi\u011finizde sonu\u00e7 otomatik olarak g\u00fcncellenir.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Sonu\u00e7lar\u0131n\u0131z<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>ROCE<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"%\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Sonucu kopyala\" aria-label=\"Sonucu kopyala\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><div class=\"field-result is-column\" id=\"output-2\"><span class=\"field-title\"><span>Yorum<\/span><\/span><span class=\"field-value\" id=\"result-2\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Sonucu kopyala\" aria-label=\"Sonucu kopyala\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Bu hesaplaman\u0131n ba\u011flant\u0131s\u0131n\u0131 kopyala<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Yorum b\u0131rak<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"683\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">Bu sonu\u00e7 hakk\u0131nda ne d\u00fc\u015f\u00fcn\u00fcyorsunuz?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Be\u011fendim <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Faydal\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Kafam kar\u0131\u015ft\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Hayal k\u0131r\u0131kl\u0131\u011f\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Hatal\u0131 <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>ROCE Form\u00fcl\u00fc<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Form\u00fcl<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[ \\text{ROCE} = \\left( \\frac{\\text{Faaliyet K\u00e2r\u0131}}{\\text{Kullan\u0131lan Sermaye}} \\right) \\times 100 \\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>\u015eu \u015fekilde:<\/strong><\/p>\n<ul>\n<li>\\(\\text{Faaliyet K\u00e2r\u0131}\\) \u2014 faiz ve vergi \u00f6ncesi k\u00e2r (EBIT)<\/li>\n<li>\\(\\text{Kullan\u0131lan Sermaye}\\) \u2014 toplam varl\u0131klar eksi k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckler ya da buna e\u015fde\u011fer olarak \u00f6zkaynaklar art\u0131 uzun vadeli y\u00fck\u00fcml\u00fcl\u00fckler<\/li>\n<\/ul>\n<p>Form\u00fcl, bir \u015firketin i\u015fletmeye yat\u0131r\u0131lan t\u00fcm uzun vadeli sermaye \u00fczerinden, finansman \u015fekline bak\u0131lmaks\u0131z\u0131n elde etti\u011fi y\u00fczde getiriyi ifade eder. Daha y\u00fcksek bir ROCE, sermayenin her bir dolar\u0131n\u0131n daha fazla faaliyet k\u00e2r\u0131 \u00fcretti\u011fi anlam\u0131na gelir.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-2\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>ROCE \u2013 Hesaplama \u00d6rne\u011fi<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>\u00d6rnek:<\/strong> bir \u015firket 150.000 $ faaliyet k\u00e2r\u0131 (EBIT) rapor ediyor ve 1.000.000 $ kullan\u0131lan sermayeye sahip.<\/p>\n<p>\\[ \\text{ROCE} = \\left( \\frac{150{,}000}{1{,}000{,}000} \\right) \\times 100 = 15\\% \\]<\/p>\n<p><strong>Sonu\u00e7:<\/strong> ROCE = %15 \u2014 iyi bir getiri, ortalaman\u0131n \u00fczerinde bir performans. Kullan\u0131lan sermayenin her bir dolar\u0131 y\u0131lda 15 sent faaliyet k\u00e2r\u0131 \u00fcretiyor.<\/p>\n<p>\n\r\n<\/section>\n<h2>ROCE Hesaplama Arac\u0131 Nas\u0131l Kullan\u0131l\u0131r?<\/h2>\n<ol>\n<li><strong>Faaliyet k\u00e2r\u0131n\u0131 (EBIT)<\/strong> girin \u2014 \u015firketin gelir tablosundan al\u0131nan faiz ve vergi \u00f6ncesi k\u00e2r.<\/li>\n<li><strong>Kullan\u0131lan sermayeyi<\/strong> girin \u2014 bilan\u00e7o \u00fczerinden toplam varl\u0131klar eksi k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckler ya da \u00f6zkaynaklar art\u0131 uzun vadeli y\u00fck\u00fcml\u00fcl\u00fckler. Her iki y\u00f6ntem de ayn\u0131 sonucu verir.<\/li>\n<li><strong>ROCE<\/strong> sonucunu, y\u00fczde olarak ifade edilen de\u011fer ve performans d\u00fczeyinin otomatik yorumlamas\u0131yla birlikte okuyun.<\/li>\n<\/ol>\n<h2>Kullan\u0131lan Sermaye Getirisi Nedir?<\/h2>\n<p>Kullan\u0131lan Sermaye Getirisi (ROCE), bir \u015firketin kendisine yat\u0131r\u0131lan sermayeyi ne kadar verimli bi\u00e7imde faaliyet k\u00e2r\u0131na d\u00f6n\u00fc\u015ft\u00fcrd\u00fc\u011f\u00fcn\u00fc \u00f6l\u00e7er. Yaln\u0131zca sat\u0131\u015flara bakan k\u00e2r marjlar\u0131n\u0131n aksine ROCE, k\u00e2r\u0131 bu k\u00e2r\u0131 \u00fcretmek i\u00e7in gereken kaynaklarla \u2014 binalar, ekipman, i\u015fletme sermayesi ve uzun vadeli finansman \u2014 ili\u015fkilendirir. Bu y\u00fczden operasyonel verimlili\u011fin en kapsaml\u0131 g\u00f6stergelerinden biridir.<\/p>\n<p>ROCE'nin \u00f6zellikle de\u011ferli olmas\u0131n\u0131n nedeni, \u015firketin finansman yap\u0131s\u0131ndan ba\u011f\u0131ms\u0131z olmas\u0131d\u0131r. Faaliyet k\u00e2r\u0131n\u0131 (faiz \u00f6ncesi) kulland\u0131\u011f\u0131 i\u00e7in bor\u00e7la finansman yapan bir i\u015fletmeyle \u00f6zkaynakla finansman yapan bir i\u015fletmeyi ayn\u0131 \u015fekilde ele al\u0131r. Analistlerin farkl\u0131 bor\u00e7 d\u00fczeylerine sahip \u015firketleri kar\u015f\u0131la\u015ft\u0131r\u0131rken ROCE'yi \u00e7o\u011fu zaman <a href=\"https:\/\/wpcalc.com\/tr\/finans\/ozkaynak-karliligi-roe\/\">\u00d6zkaynak K\u00e2rl\u0131l\u0131\u011f\u0131na (ROE)<\/a> tercih etmesinin nedeni budur.<\/p>\n<p>ROCE ayn\u0131 zamanda bir s\u00fcreklilik g\u00f6stergesidir. ROCE'sini sermaye maliyetinin belirgin bi\u00e7imde \u00fczerinde s\u00fcrd\u00fcrerek k\u00e2r elde eden bir \u015firket, k\u00e2rlar\u0131n\u0131 y\u00fcksek getiri oranlar\u0131yla yeniden yat\u0131rabilir ve bu durum zamanla de\u011fer olu\u015fturur. Buna kar\u015f\u0131l\u0131k s\u00fcrekli d\u00fc\u015f\u00fck bir ROCE, i\u015fletmenin sermayesini verimli kullanmad\u0131\u011f\u0131na i\u015faret eder \u2014 gelir artsa bile bu bir uyar\u0131 i\u015faretidir.<\/p>\n<h2>Sonu\u00e7 Nas\u0131l Yorumlan\u0131r?<\/h2>\n<p>Kaba bir kural olarak:<\/p>\n<ul>\n<li><strong>%20 veya \u00fczeri ROCE<\/strong> \u2014 m\u00fckemmel sermaye verimlili\u011fi; \u015firket g\u00fc\u00e7l\u00fc bir performans sergiliyor.<\/li>\n<li><strong>%10\u201320 ROCE<\/strong> \u2014 \u00e7o\u011fu sekt\u00f6rde iyi, ortalaman\u0131n \u00fczerinde bir getiri.<\/li>\n<li><strong>%10 alt\u0131 ROCE<\/strong> \u2014 d\u00fc\u015f\u00fck getiri; sermayenin at\u0131l kalmas\u0131 veya yap\u0131sal olarak sermaye yo\u011fun bir i\u015fletme anlam\u0131na gelebilir.<\/li>\n<\/ul>\n<p>Bu e\u015fikler yaln\u0131zca yol g\u00f6sterecek niteliktedir. \"\u0130yi\" bir ROCE'nin ne say\u0131ld\u0131\u011f\u0131 sekt\u00f6re g\u00f6re \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fi\u015fir: varl\u0131k yo\u011funlu\u011fu d\u00fc\u015f\u00fck hizmet i\u015fletmeleri \u00e7o\u011fu zaman %25'in \u00fczerinde ROCE bildirirken, elektrik, su ve altyap\u0131 hizmetleri, demiryolu ve a\u011f\u0131r sanayi gibi sekt\u00f6rler %8\u201310 d\u00fczeyinde bile sa\u011fl\u0131kl\u0131 say\u0131labilir. Bir \u015firketin ROCE'sini her zaman sekt\u00f6rdeki rakipleriyle ve kendi tarihsel trendiyle kar\u015f\u0131la\u015ft\u0131r\u0131n ve sermaye maliyetini a\u015f\u0131p a\u015fmad\u0131\u011f\u0131n\u0131 kontrol edin.<\/p>\n<h2>Varsay\u0131mlar ve S\u0131n\u0131rlamalar<\/h2>\n<ul>\n<li><strong>Defter de\u011ferlerine dayan\u0131r.<\/strong> Kullan\u0131lan sermaye bilan\u00e7odan gelir; dolay\u0131s\u0131yla muhasebe ilkelerine, varl\u0131klar\u0131n ya\u015f\u0131na ve amortisman politikas\u0131na ba\u011fl\u0131d\u0131r. Varl\u0131klar\u0131n\u0131 tamamen amortize etmi\u015f bir \u015firket \u015fi\u015firilmi\u015f bir ROCE g\u00f6sterebilir. <a href=\"https:\/\/wpcalc.com\/tr\/finans\/varlik-amortismani\/\">Varl\u0131k Amortisman\u0131<\/a> hesaplama arac\u0131 gibi ara\u00e7lar, bu tercihlerin defter de\u011ferlerini nas\u0131l etkiledi\u011fini g\u00f6sterir.<\/li>\n<li><strong>Tek seferlik kalemler EBIT'\u0131 \u00e7arp\u0131t\u0131r.<\/strong> Yap\u0131lanma maliyetleri, varl\u0131k de\u011fer d\u00fc\u015f\u00fckl\u00fckleri veya ola\u011fand\u0131\u015f\u0131 kazan\u00e7lar faaliyet k\u00e2r\u0131n\u0131 yanl\u0131\u015f g\u00f6sterebilir. Hesaplamadan \u00f6nce istisnai kalemler i\u00e7in d\u00fczeltme yap\u0131n.<\/li>\n<li><strong>Anl\u0131k bilan\u00e7o.<\/strong> Kullan\u0131lan sermaye genellikle tek bir tarihte \u00f6l\u00e7\u00fcl\u00fcr. Mevsimselli\u011fi olan i\u015fletmeler i\u00e7in d\u00f6nem ba\u015f\u0131 ve d\u00f6nem sonu de\u011ferlerinin ortalamas\u0131 daha adil bir sonu\u00e7 verir.<\/li>\n<li><strong>Sekt\u00f6rler aras\u0131nda kar\u015f\u0131la\u015ft\u0131r\u0131labilir de\u011fildir.<\/strong> Farkl\u0131 sermaye yo\u011funluklar\u0131, sekt\u00f6rler aras\u0131 kar\u015f\u0131la\u015ft\u0131rmalar\u0131 yan\u0131lt\u0131c\u0131 hale getirir; kar\u015f\u0131la\u015ft\u0131rmay\u0131 ayn\u0131 sekt\u00f6r i\u00e7inde yap\u0131n.<\/li>\n<li><strong>Likidite veya \u00f6deme g\u00fcc\u00fc hakk\u0131nda bilgi vermez.<\/strong> Y\u00fcksek bir ROCE finansal sa\u011fl\u0131k garantisi de\u011fildir \u2014 daha b\u00fct\u00fcnl\u00fckl\u00fc bir tablo i\u00e7in <a href=\"https:\/\/wpcalc.com\/tr\/finans\/solvens-orani\/\">\u00d6deme G\u00fcc\u00fc Oran\u0131<\/a> veya <a href=\"https:\/\/wpcalc.com\/tr\/finans\/asit-testi-orani\/\">Asit Testi Oran\u0131<\/a> ile birlikte kullan\u0131n.<\/li>\n<\/ul>\n<h2>Pratik \u0130pu\u00e7lar\u0131<\/h2>\n<ul>\n<li>ROCE'yi tek bir d\u00f6nem yerine birka\u00e7 y\u0131l boyunca izleyin \u2014 s\u00fcreklilik, tek bir iyi y\u0131ldan daha \u00f6nemlidir.<\/li>\n<li>ROCE'yi \u015firketin bor\u00e7 i\u00e7in \u00f6dedi\u011fi faiz oran\u0131yla kar\u015f\u0131la\u015ft\u0131r\u0131n. Bor\u00e7lanma maliyetinin \u00fczerindeki getiriler, de\u011fer yaratan bir b\u00fcy\u00fcmeye i\u015faret eder.<\/li>\n<li>Bir b\u00fcy\u00fcme yat\u0131r\u0131m\u0131n\u0131n kar\u015f\u0131l\u0131\u011f\u0131n\u0131 verip vermeyece\u011fini de\u011ferlendirirken ROCE'yi <a href=\"https:\/\/wpcalc.com\/tr\/finans\/basabas-noktasi\/\">ba\u015faba\u015f analiziyle<\/a> birlikte kullan\u0131n.<\/li>\n<li>\u015eirketleri kar\u015f\u0131la\u015ft\u0131r\u0131rken her biri i\u00e7in kullan\u0131lan sermayeyi ayn\u0131 y\u00f6ntemle hesaplay\u0131n \u2014 tan\u0131mlar\u0131 kar\u0131\u015ft\u0131rmak kar\u015f\u0131la\u015ft\u0131rmay\u0131 ge\u00e7ersiz k\u0131lar.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Faaliyet k\u00e2r\u0131 (EBIT) ve kullan\u0131lan sermaye \u00fczerinden Kullan\u0131lan Sermaye Getirisini (ROCE) hesaplay\u0131n. Form\u00fcl\u00fc, \u00e7\u00f6z\u00fcml\u00fc \u00f6rne\u011fi ve sonucun nas\u0131l yorumlanaca\u011f\u0131n\u0131 g\u00f6r\u00fcn.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[49],"class_list":["post-683","post","type-post","status-publish","format-standard","hentry","category-finans","tag-envanter"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/comments?post=683"}],"version-history":[{"count":5,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/683\/revisions"}],"predecessor-version":[{"id":3249,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/683\/revisions\/3249"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/media?parent=683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/categories?post=683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/tags?post=683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}