Ulker Biskuvinayi AS (IST:ULKER) ROCE % : 52.85% (As of Dec. 2023)

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What is Ulker Biskuvinayi 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. Ulker Biskuvinayi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 52.85%.

Ulker Biskuvinayi AS ROCE % Historical Data

The historical data trend for Ulker Biskuvinayi 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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Ulker Biskuvinayi AS ROCE % Chart

Ulker Biskuvinayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.13

17.93

4.02

19.28

20.71

Ulker Biskuvinayi 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															71.42	25.91	-15.81	29.25	52.85

Ulker Biskuvinayi AS ROCE % Calculation

Ulker Biskuvinayi 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 )
	=	8747.588	/	( ( (66149.172 - 27825.778)	+	(61589.644 - 15447.492) )	/ 2 )
	=	8747.588	/	( (38323.394	+	46142.152)	/ 2 )
	=	8747.588	/	42232.773
	=	20.71 %

Ulker Biskuvinayi 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 )
	=	21513.128	/	( ( (48060.699 - 12796.632)	+	(61589.644 - 15447.492) )	/ 2 )
	=	21513.128	/	( ( 35264.067	+	46142.152 )	/ 2 )
	=	21513.128	/	40703.1095
	=	52.85 %

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

Ulker Biskuvinayi AS (IST:ULKER) 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.

Ulker Biskuvinayi AS ROCE % Related Terms

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Ulker Biskuvinayi AS (IST:ULKER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ulker Biskuvi Sanayi AS (IST:ULKER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UELKY:USA

Address

Davutpa?a Cad No 10, Topkap?, Istanbul, TUR, 366

Website

http://www.ulkerbiskuvi.com.tr

Ulker Biskuvi Sanayi AS manufactures biscuits, crackers, chocolate, and cake in its half a dozen production facilities in Turkey. Its major brands include Ulker, Alpella, Halk, Kat Tat, and Karsa. The company also has a financial stake in the Godiva brand. Biscuit sales and chocolate sales each account for more than 40% of the company's total revenue. Substantially all of the remaining revenue is from cake sales. Nearly 90% of the company's total revenue comes from sales in Turkey. The company is a subsidiary of Yildiz Holding.

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