Anadolu Efes Biracilik ve Maltnayi AS (Anadolu Efes Biracilik ve Maltnayi AS) ROCE % : 63.04% (As of Dec. 2023)

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What is Anadolu Efes Biracilik ve Maltnayi 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. Anadolu Efes Biracilik ve Maltnayi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 63.04%.

Anadolu Efes Biracilik ve Maltnayi AS ROCE % Historical Data

The historical data trend for Anadolu Efes Biracilik ve Maltnayi 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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Anadolu Efes Biracilik ve Maltnayi AS ROCE % Chart

Anadolu Efes Biracilik ve Maltnayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.17

6.36

7.66

40.27

29.28

Anadolu Efes Biracilik ve Maltnayi 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															105.74	13.82	29.89	34.79	63.04

Anadolu Efes Biracilik ve Maltnayi AS ROCE % Calculation

Anadolu Efes Biracilik ve Maltnayi 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 )
	=	1656.812	/	( ( (7147.724 - 2252.809)	+	(9121.139 - 2699.534) )	/ 2 )
	=	1656.812	/	( (4894.915	+	6421.605)	/ 2 )
	=	1656.812	/	5658.26
	=	29.28 %

Anadolu Efes Biracilik ve Maltnayi 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 )
	=	3457.652	/	( ( (7243.277 - 2695.12)	+	(9121.139 - 2699.534) )	/ 2 )
	=	3457.652	/	( ( 4548.157	+	6421.605 )	/ 2 )
	=	3457.652	/	5484.881
	=	63.04 %

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

Anadolu Efes Biracilik ve Maltnayi AS (OTCPK:AEBZY) 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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Anadolu Efes Biracilik ve Maltnayi AS (Anadolu Efes Biracilik ve Maltnayi AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anadolu Efes Biracilik ve Malt Sanayi AS (OTCPK:AEBZY) » Definitions » ROCE %

Traded in Other Exchanges

AEFES:Turkey EF41:Germany

Address

Fatih Sultan Mehmet Mah. Balkan Cad. No:58, Buyaka E Blok Tepeüstü, Istanbul, TUR, 34771

Website

http://www.anadoluefes.com

Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under a number of different brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. Sparkling and still beverages account for more than half of the company's total revenue. Beer sales account for the remaining revenue, with beer sales outside of Turkey (mainly in Russia, Kazakhstan, Georgia, and Moldova) collectively providing more revenue than beer sales in Turkey. The company has breweries, bottling plants, and other production facilities in more than a dozen countries, primarily Turkey and Russia.

Anadolu Efes Biracilik ve Maltnayi AS (Anadolu Efes Biracilik ve Maltnayi AS) Headlines

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