Edita Food Industries S.A.E (CAI:EFID) ROCE % : 45.01% (As of Dec. 2023)

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What is Edita Food Industries S.A.E 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. Edita Food Industries S.A.E's annualized ROCE % for the quarter that ended in Dec. 2023 was 45.01%.

Edita Food Industries S.A.E ROCE % Historical Data

The historical data trend for Edita Food Industries S.A.E'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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Edita Food Industries S.A.E ROCE % Chart

Edita Food Industries S.A.E Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.13

21.21

25.43

41.34

51.87

Edita Food Industries S.A.E 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															52.41	58.18	57.09	60.03	45.01

Edita Food Industries S.A.E ROCE % Calculation

Edita Food Industries S.A.E'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 )
	=	2262.554	/	( ( (5783.907 - 2035.026)	+	(7757.64 - 2782.175) )	/ 2 )
	=	2262.554	/	( (3748.881	+	4975.465)	/ 2 )
	=	2262.554	/	4362.173
	=	51.87 %

Edita Food Industries S.A.E'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 )
	=	2129.9	/	( ( (7111.574 - 2623.011)	+	(7757.64 - 2782.175) )	/ 2 )
	=	2129.9	/	( ( 4488.563	+	4975.465 )	/ 2 )
	=	2129.9	/	4732.014
	=	45.01 %

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

Edita Food Industries S.A.E (CAI:EFID) 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.

Edita Food Industries S.A.E ROCE % Related Terms

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Edita Food Industries S.A.E Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Edita Food Industries S.A.E (CAI:EFID) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Edita Group Building, P.O. Box 64, Plot no. 13 - Central Pivot, El Sheikh Zayed, Cairo, EGY, 12588

Website

https://www.edita.com.eg

Edita Food Industries S.A.E is a consumer goods company with a presence in Egypt and the Middle East. The company manufactures, produces, and packages food and snack products. Edita operates across six segments: bakery, cakes, rusks, wafers, candy, and biscuits. The cakes segment contributes a substantial percentage of company sales. Some major brands include Molto, TODO, Bake Rolz, and Twinkies. The company has a vast distribution network of wholesalers and retailers in the Middle East and North Africa and sells its products to more than seventeen regional markets.

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