Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS (IST:GUNDG) ROC % : 28.24% (As of Dec. 2023)

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What is Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was 28.24%.

As of today (2025-04-06), Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's WACC % is 0.00%. Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's ROC % is 0.00% (calculated using TTM income statement data). Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS ROC % Historical Data

The historical data trend for Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret 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.

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Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS ROC % Chart

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

ROC %

0.22

8.89

7.06

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS Quarterly Data
	Dec21	Dec22	Dec23
ROC %	0.86	35.56	28.24

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS ROC % Calculation

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	86.655 * ( 1 - 59.62% )	/	( (506.398	+	484.776)	/ 2 )
=	34.991289	/	495.587
=	7.06 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	877.258	-	344.211	-	( 26.649	-	max(0, 629.497	-	706.427	+	26.649	))
=	506.398

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	733.225	-	197.435	-	( 51.014	-	max(0, 390.207	-	521.191	+	51.014	))
=	484.776

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	346.62 * ( 1 - 59.62% )	/	( (506.398	+	484.776)	/ 2 )
=	139.965156	/	495.587
=	28.24 %

where

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	877.258	-	344.211	-	( 26.649	-	max(0, 629.497	-	706.427	+	26.649	))
=	506.398

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	733.225	-	197.435	-	( 51.014	-	max(0, 390.207	-	521.191	+	51.014	))
=	484.776

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

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS (IST:GUNDG) 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, Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's WACC % is 0.00%. Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS's ROC % is 0.00% (calculated using TTM income statement data). Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.

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.

Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS ROC % Related Terms

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Gundogdu Gida Sut Urunlerinayi ve Dis Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gundogdu Gida Sut Urunleri Sanayi ve Dis Ticaret AS (IST:GUNDG) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kaldirim Street, No:17/1-2, Kucuksu District, Uskudar, Istanbul, TUR

Website

Gundogdu Gida Sut Urunleri Sanayi ve Dis Ticaret AS is engaged in production of cheese. The company produces cheese products such as Kashar Cheese, Local Cheese, Sliced and Grated Cheese, Mozzarella Cheese, and Special Cheese.

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