Gediz Ambalajnayi ve Ticaret AS (IST:GEDZA) ROCE % : 11.35% (As of Mar. 2024)

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What is Gediz Ambalajnayi 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. Gediz Ambalajnayi ve Ticaret AS's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.35%.

Gediz Ambalajnayi ve Ticaret AS ROCE % Historical Data

The historical data trend for Gediz Ambalajnayi 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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Gediz Ambalajnayi ve Ticaret AS ROCE % Chart

Gediz Ambalajnayi ve Ticaret AS Annual Data

Trend

Dec13

Dec14

Dec21

Dec22

Dec23

ROCE %

18.40

13.05

77.07

9.33

15.00

Gediz Ambalajnayi ve Ticaret AS Quarterly Data
	Jun13	Sep13	Dec13	Jun14	Sep14	Dec14	Sep15	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											127.47	65.22	60.52	-21.90	11.35

Gediz Ambalajnayi ve Ticaret AS ROCE % Calculation

Gediz Ambalajnayi 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 )
	=	98.692	/	( ( (692.731 - 92.452)	+	(818.682 - 102.87) )	/ 2 )
	=	98.692	/	( (600.279	+	715.812)	/ 2 )
	=	98.692	/	658.0455
	=	15.00 %

Gediz Ambalajnayi ve Ticaret AS's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	87.38	/	( ( (818.682 - 102.87)	+	(945.575 - 122.051) )	/ 2 )
	=	87.38	/	( ( 715.812	+	823.524 )	/ 2 )
	=	87.38	/	769.668
	=	11.35 %

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

Gediz Ambalajnayi ve Ticaret AS (IST:GEDZA) 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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Gediz Ambalajnayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gediz Ambalaj Sanayi ve Ticaret AS (IST:GEDZA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Highway 3 Km, Kutahya, Gediz, TUR, 43600

Website

http://www.gedizambalaj.com

Gediz Ambalaj Sanayi ve Ticaret AS is a manufacturer of corrugated polypropylene (PP) sheet in Turkey. Its PP sheets are used in various applications, such as separators, white appliances and electronics, automotive products, logistic products, iron works, stationery products, project bags, magazine boxes, archive boxes, vegetable and fruit boxes, multipurpose boxes, recycling bins, signboards and stands, agricultural products, flower boxes, pet kennels, beehives, greenhouses, sapling shield products, and building and isolation products.

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