Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) ROCE % : -16.32% (As of Dec. 2013)

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What is Kent Gida Maddelerinayii 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. Kent Gida Maddelerinayii Ve Ticaret AS's annualized ROCE % for the quarter that ended in Dec. 2013 was -16.32%.

Kent Gida Maddelerinayii Ve Ticaret AS ROCE % Historical Data

The historical data trend for Kent Gida Maddelerinayii 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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Kent Gida Maddelerinayii Ve Ticaret AS ROCE % Chart

Kent Gida Maddelerinayii Ve Ticaret AS Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

ROCE %

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9.23

-1.24

6.26

12.73

-2.02

Kent Gida Maddelerinayii Ve Ticaret AS Quarterly Data
	Dec02	Dec03	Dec04	Sep07	Dec07	Sep08	Dec08	Dec09	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Sep13	Dec13
ROCE %	Get a 7-Day Free Trial															0.18	-20.03	-8.38	-9.34	-16.32

Kent Gida Maddelerinayii Ve Ticaret AS ROCE % Calculation

Kent Gida Maddelerinayii Ve Ticaret AS's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2013 )		(A: Dec. 2012 )		(A: Dec. 2013 )
	=	-7.246	/	( ( (559.264 - 193.505)	+	(536.893 - 186.636) )	/ 2 )
	=	-7.246	/	( (365.759	+	350.257)	/ 2 )
	=	-7.246	/	358.008
	=	-2.02 %

Kent Gida Maddelerinayii Ve Ticaret AS's ROCE % of for the quarter that ended in Dec. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2013 )		(Q: Sep. 2013 )		(Q: Dec. 2013 )
	=	-57.936	/	( ( (588.111 - 228.296)	+	(536.893 - 186.636) )	/ 2 )
	=	-57.936	/	( ( 359.815	+	350.257 )	/ 2 )
	=	-57.936	/	355.036
	=	-16.32 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2013) EBIT data.

Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) 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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Kent Gida Maddelerinayii Ve Ticaret AS (IST:KENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kent Gida Maddeleri Sanayii Ve Ticaret AS (IST:KENT) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Cumhuriyet Mah 2253, Sokak No.11, Gebze, Kocaeli, Istanbul, TUR, 41400

Website

http://www.kent.com.tr

Kent Gida Maddeleri Sanayii Ve Ticaret AS operates as a confectionery company. It produces as well as sells candy, chewing gums and chocolates, coffee, salty cookies and powdered beverages. The products of the company are offered under various brands such as Barni, Bubblicious, Milka, Toblerone, Bonibon, tofita, Olips, poptip, and others. Geographically the operations are carried out through Turkey.

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