Coca Cola Icecek AS (Coca Cola Icecek AS) ROCE % : 94.79% (As of Dec. 2023)

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What is Coca Cola Icecek 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. Coca Cola Icecek AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 94.79%.

Coca Cola Icecek AS ROCE % Historical Data

The historical data trend for Coca Cola Icecek 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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Coca Cola Icecek AS ROCE % Chart

Coca Cola Icecek AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.00

13.70

15.90

38.75

31.72

Coca Cola Icecek 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															97.80	15.69	36.11	45.75	94.79

Coca Cola Icecek AS ROCE % Calculation

Coca Cola Icecek 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 )
	=	1044.895	/	( ( (5748.902 - 1521.359)	+	(3788.344 - 1427.461) )	/ 2 )
	=	1044.895	/	( (4227.543	+	2360.883)	/ 2 )
	=	1044.895	/	3294.213
	=	31.72 %

Coca Cola Icecek 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 )
	=	2170.792	/	( ( (3557.263 - 1338.1)	+	(3788.344 - 1427.461) )	/ 2 )
	=	2170.792	/	( ( 2219.163	+	2360.883 )	/ 2 )
	=	2170.792	/	2290.023
	=	94.79 %

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

Coca Cola Icecek AS (GREY:COCAL) 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.

Coca Cola Icecek AS ROCE % Related Terms

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Coca Cola Icecek AS (Coca Cola Icecek AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca Cola Icecek AS (GREY:COCAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COLZF:USA CCOLA:Turkey

Address

OSB Mahallesi Deniz Feneri Sokak, No: 4 Dudullu - Umraniye, Istanbul, TUR, 34776

Website

https://www.cci.com.tr

Coca Cola Icecek AS is the exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East. Coca-Cola's brands include Coca-Cola, Fanta, Sprite, Cappy, Powerade, and Fuse. 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. The controlling shareholder of the company is Anadolu Efes Biracilik ve Malt Sanayi.

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