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Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) ROE % : 0.00% (As of Sep. 2023)


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What is Oba Makarnaciliknayi ve Ticaret AS ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Oba Makarnaciliknayi ve Ticaret AS's annualized net income for the quarter that ended in Sep. 2023 was ₺0 Mil. Oba Makarnaciliknayi ve Ticaret AS's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was ₺1,987 Mil. Therefore, Oba Makarnaciliknayi ve Ticaret AS's annualized ROE % for the quarter that ended in Sep. 2023 was 0.00%.

The historical rank and industry rank for Oba Makarnaciliknayi ve Ticaret AS's ROE % or its related term are showing as below:

IST:OBAMS' s ROE % Range Over the Past 10 Years
Min: -2.9   Med: 16.07   Max: 22.01
Current: -2.9

During the past 3 years, Oba Makarnaciliknayi ve Ticaret AS's highest ROE % was 22.01%. The lowest was -2.90%. And the median was 16.07%.

IST:OBAMS's ROE % is ranked worse than
79.61% of 1829 companies
in the Consumer Packaged Goods industry
Industry Median: 6.66 vs IST:OBAMS: -2.90

Oba Makarnaciliknayi ve Ticaret AS ROE % Historical Data

The historical data trend for Oba Makarnaciliknayi ve Ticaret AS's ROE % 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.

* Premium members only.

Oba Makarnaciliknayi ve Ticaret AS ROE % Chart

Oba Makarnaciliknayi ve Ticaret AS Annual Data
Trend Dec20 Dec21 Dec22
ROE %
22.01 16.07 10.21

Oba Makarnaciliknayi ve Ticaret AS Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23
ROE % - - - -18.10 -

Competitive Comparison of Oba Makarnaciliknayi ve Ticaret AS's ROE %

For the Packaged Foods subindustry, Oba Makarnaciliknayi ve Ticaret AS's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oba Makarnaciliknayi ve Ticaret AS's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oba Makarnaciliknayi ve Ticaret AS's ROE % distribution charts can be found below:

* The bar in red indicates where Oba Makarnaciliknayi ve Ticaret AS's ROE % falls into.



Oba Makarnaciliknayi ve Ticaret AS ROE % Calculation

Oba Makarnaciliknayi ve Ticaret AS's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=109.582/( (871.361+1274.553)/ 2 )
=109.582/1072.957
=10.21 %

Oba Makarnaciliknayi ve Ticaret AS's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=0/( (1274.553+2700.306)/ 2 )
=0/1987.4295
=0.00 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.


Oba Makarnaciliknayi ve Ticaret AS  (IST:OBAMS) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=0/1987.4295
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0 / 0)*(0 / 5498.665)*(5498.665 / 1987.4295)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*2.7667
=ROA %*Equity Multiplier
=N/A %*2.7667
=0.00 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=0/1987.4295
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0 / 0) * (0 / 0) * (0 / 0) * (0 / 5498.665) * (5498.665 / 1987.4295)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= N/A * N/A * N/A % * 0 * 2.7667
=0.00 %

Note: The net income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Oba Makarnaciliknayi ve Ticaret AS ROE % Related Terms

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Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No.4. Organize Sanayi Bolgesi, 83422 Nolu Sehitkamil Gaziantep, Bolgesi, TUR, 27110
Oba Makarnacilik Sanayi ve Ticaret AS is engaged in the food sector. The Company operates in the pasta, noodle, flour, semolina, and wheat products food sector. The Company is also engaged in the purchase and sale of grains (wheat) as a commercial activity. The Company carries out its production activities in Gaziantep Plant and Hendek Plant.

Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Headlines

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