Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) ROCE % : -19.73% (As of Dec. 2023)

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What is Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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. Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.73%.

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS ROCE % Historical Data

The historical data trend for Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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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Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS ROCE % Chart

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.42

23.20

18.68

8.19

19.07

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-24.24	17.53	94.54	50.93	-19.73

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS ROCE % Calculation

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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 )
	=	836.005	/	( ( (7978.844 - 4298.843)	+	(7295.518 - 2209.548) )	/ 2 )
	=	836.005	/	( (3680.001	+	5085.97)	/ 2 )
	=	836.005	/	4382.9855
	=	19.07 %

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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 )
	=	-787.252	/	( ( (5000 - 2104.89)	+	(7295.518 - 2209.548) )	/ 2 )
	=	-787.252	/	( ( 2895.11	+	5085.97 )	/ 2 )
	=	-787.252	/	3990.54
	=	-19.73 %

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

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) 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.

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS ROCE % Related Terms

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Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Erler Mahallesi 2716. Cadde No:11, Etimesgut, Ankara, TUR

Website

https://www.goknur.com.tr

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS produces packaged food products. The firm's product offerings comprise canned fruits and vegetables, juices, puree concentrate, Dried Seeds, Natural Peel Oils, Natural Fruit FTNF, Fresh Fruits, and deionized products.

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