Tetamat Gida Yatirimlari Anonim Sirketi (IST:TETMT) ROCE % : 289.85% (As of Dec. 2023)

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What is Tetamat Gida Yatirimlari Anonim Sirketi 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. Tetamat Gida Yatirimlari Anonim Sirketi's annualized ROCE % for the quarter that ended in Dec. 2023 was 289.85%.

Tetamat Gida Yatirimlari Anonim Sirketi ROCE % Historical Data

The historical data trend for Tetamat Gida Yatirimlari Anonim Sirketi'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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Tetamat Gida Yatirimlari Anonim Sirketi ROCE % Chart

Tetamat Gida Yatirimlari Anonim Sirketi Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-22.29

-97.22

-83.99

-193.58

136.30

Tetamat Gida Yatirimlari Anonim Sirketi Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-193.32	-50.82	-386.18	-46.97	289.85

Tetamat Gida Yatirimlari Anonim Sirketi ROCE % Calculation

Tetamat Gida Yatirimlari Anonim Sirketi'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 )
	=	59.737	/	( ( (50.147 - 38.112)	+	(111.125 - 35.503) )	/ 2 )
	=	59.737	/	( (12.035	+	75.622)	/ 2 )
	=	59.737	/	43.8285
	=	136.30 %

Tetamat Gida Yatirimlari Anonim Sirketi'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	124.758	/	( ( (35.649 - 25.185)	+	(111.125 - 35.503) )	/ 2 )
	=	124.758	/	( ( 10.464	+	75.622 )	/ 2 )
	=	124.758	/	43.043
	=	289.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Tetamat Gida Yatirimlari Anonim Sirketi (IST:TETMT) 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.

Tetamat Gida Yatirimlari Anonim Sirketi ROCE % Related Terms

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Tetamat Gida Yatirimlari Anonim Sirketi (IST:TETMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tetamat Gida Yatirimlari Anonim Sirketi (IST:TETMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal mah. 2129, Cad. no:6/A Sogutozu, Cankaya, Ankara, TUR

Website

https://www.tazekuru.com

Taze Kuru Gida Sanayi ve Ticaret A.S. provides packaged dried fruits and vegetables. Its products include cinnamon apple, apricots, plums, orange, pineapple, onion, pumpkin, red pepper chubby, wrapped fruit tea and red fruit tea.

Tetamat Gida Yatirimlari Anonim Sirketi (IST:TETMT) Headlines

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