Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) ROCE % : 9.62% (As of Sep. 2024)

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What is Frigo Pak Gida Maddelerin Ve Ticaret 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. Frigo Pak Gida Maddelerin Ve Ticaret AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.62%.

Frigo Pak Gida Maddelerin Ve Ticaret AS ROCE % Historical Data

The historical data trend for Frigo Pak Gida Maddelerin Ve Ticaret 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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Frigo Pak Gida Maddelerin Ve Ticaret AS ROCE % Chart

Frigo Pak Gida Maddelerin Ve Ticaret AS Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.91

52.38

29.68

25.70

2.28

Frigo Pak Gida Maddelerin Ve Ticaret AS Quarterly Data
	Jun17	Sep17	Mar18	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-48.73	65.02	27.34	24.50	9.62

Frigo Pak Gida Maddelerin Ve Ticaret AS ROCE % Calculation

Frigo Pak Gida Maddelerin Ve Ticaret 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 )
	=	15.727	/	( ( (1065.494 - 346.997)	+	(969.899 - 308.124) )	/ 2 )
	=	15.727	/	( (718.497	+	661.775)	/ 2 )
	=	15.727	/	690.136
	=	2.28 %

Frigo Pak Gida Maddelerin Ve Ticaret AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	105.924	/	( ( (1252.067 - 209.369)	+	(1502.098 - 342.963) )	/ 2 )
	=	105.924	/	( ( 1042.698	+	1159.135 )	/ 2 )
	=	105.924	/	1100.9165
	=	9.62 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) 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.

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Frigo Pak Gida Maddelerin Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Frigo Pak Gida Maddeleri San Ve Ticaret AS (IST:FRIGO) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Levent Mah. Comert Street, Yap? Kredi Plaza Site B Block No: 1B, Interior Door No: 23, Besiktas, Istanbul, TUR, 34330

Website

http://www.frigo-pak.com.tr

Frigo Pak Gida Maddeleri San Ve Ticaret AS is a food producer and exporter. The company manufactures gas and non-carbonated beverages, fruit juice, canned, frozen food as well as puree and sauces. It exports its products to more than 10 countries. The company products include sunpride, sunpride organic, strawberry canned, Erik canned food, mexican beans, and sour cherry.

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