Gimsan Gediz Iplik Ve Mensucatnayi AS (IST:GEDIZ) ROCE % : -2.55% (As of Dec. 2015)

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What is Gimsan Gediz Iplik Ve Mensucatnayi 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. Gimsan Gediz Iplik Ve Mensucatnayi AS's annualized ROCE % for the quarter that ended in Dec. 2015 was -2.55%.

Gimsan Gediz Iplik Ve Mensucatnayi AS ROCE % Historical Data

The historical data trend for Gimsan Gediz Iplik Ve Mensucatnayi 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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Gimsan Gediz Iplik Ve Mensucatnayi AS ROCE % Chart

Gimsan Gediz Iplik Ve Mensucatnayi AS Annual Data

Trend

Dec13

Dec14

Dec15

ROCE %

-26.73

-2.23

-2.55

Gimsan Gediz Iplik Ve Mensucatnayi AS Semi-Annual Data
	Dec13	Dec14	Dec15
ROCE %	-26.73	-2.23	-2.55

Gimsan Gediz Iplik Ve Mensucatnayi AS ROCE % Calculation

Gimsan Gediz Iplik Ve Mensucatnayi AS's annualized ROCE % for the fiscal year that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2015 )		(A: Dec. 2014 )		(A: Dec. 2015 )
	=	-0.338	/	( ( (15.355 - 1.879)	+	(15.374 - 2.306) )	/ 2 )
	=	-0.338	/	( (13.476	+	13.068)	/ 2 )
	=	-0.338	/	13.272
	=	-2.55 %

Gimsan Gediz Iplik Ve Mensucatnayi AS's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Dec. 2014 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Dec. 2014 )		(Q: Dec. 2015 )
	=	-0.338	/	( ( (15.355 - 1.879)	+	(15.374 - 2.306) )	/ 2 )
	=	-0.338	/	( ( 13.476	+	13.068 )	/ 2 )
	=	-0.338	/	13.272
	=	-2.55 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2015) EBIT data.

Gimsan Gediz Iplik Ve Mensucatnayi AS (IST:GEDIZ) 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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Gimsan Gediz Iplik Ve Mensucatnayi AS (IST:GEDIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gimsan Gediz Iplik Ve Mensucat Sanayi AS (IST:GEDIZ) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Esentepe Mah, Harman Caddesi, Ali Kaya Sokak No.4, Sisli, Levent, KUTAHYA, TUR, 34394

Website

http://www.gimsangediz.com

Gimsan Gediz Iplik Ve Mensucat Sanayi AS manufactures textile products. Its product portfolio comprises of cotton thread, open-end, ring carded and combed yarns as well as woven fabrics for the domestic and export markets.

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