ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Coca Cola Icecek AS's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 11.39%.
As of today (2026-06-25), Coca Cola Icecek AS's WACC % is 11.14%. Coca Cola Icecek AS's ROC % is 13.79% (calculated using TTM income statement data).
Coca Cola Icecek AS generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Coca Cola Icecek AS (OTCPK:COLZF) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Coca Cola Icecek AS's WACC % is 11.14%. Coca Cola Icecek AS's ROC % is 13.79% (calculated using TTM income statement data).
Coca Cola Icecek AS generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Coca Cola Icecek AS ROC % Related Terms
Coca Cola Icecek AS ROC % Historical Data
* Premium members only.
The historical data trend for Coca Cola Icecek AS's ROC % 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Coca Cola Icecek AS (COLZF) has a ROC % of 11.39% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Coca Cola Icecek AS and its competitors.
Is Coca Cola Icecek AS's ROC % too high?
Coca Cola Icecek AS's current ROC % is 11.39%. The Beverages - Non-Alcoholic industry median ROC % is 8.72. Coca Cola Icecek AS's value of 11.39% is 30.7% above this industry median. Overall, Coca Cola Icecek AS has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca Cola Icecek AS's ROC % compare to KO and PEP?
Coca Cola Icecek AS's ROC % of 11.39% can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median ROC % is 8.72. Coca Cola Icecek AS's value of 11.39% is 30.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Beverages - Non-Alcoholic company?
The median ROC % among Beverages - Non-Alcoholic companies is 8.72, based on 114 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coca Cola Icecek AS's current ROC % of 11.39% is 30.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Coca Cola Icecek AS and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC % is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca Cola Icecek AS's current ROC % is 11.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca Cola Icecek AS stock overvalued right now?
Based on GuruFocus' analysis, Coca Cola Icecek AS (COLZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $1.68 — trading 19.1% above its estimated fair value. The current ROC % is 11.39% and 30.7% above the Beverages - Non-Alcoholic industry median of 8.72. Coca Cola Icecek AS's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Coca Cola Icecek AS (COLZF), the current ROC % is 11.39% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Coca Cola Icecek AS (COLZF) Overvalued in 2026?
Based on GuruFocus' analysis, Coca Cola Icecek AS stock appears to be overvalued.
The current stock price of $1.68 is trading 19.1% above its estimated GF Value™ of $1.41.
GuruFocus considers Coca Cola Icecek AS to be Modestly Overvalued.
Key valuation signals for COLZF:
ROC %: 11.39%
GF Value™: $1.41 vs. price of $1.68 (19.1% above fair value)
Industry Position: 30.7% above the Beverages - Non-Alcoholic median
No single metric tells the full story. See the COLZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca Cola Icecek AS is an exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Bangladesh, Central Asia, the Middle East, and other regions. The brands of the company include Coca-Cola, Fanta, Sprite, Costa Coffee, Crush, Crystal Cola, and others. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey.
85GF Score
Get the complete analysis for COLZF
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
COLZF has been successfully added to your 
