TFIG (TFI TAB Gida Yatirimlari AS) ROIC %: -0.21% (As of Dec. 2016)

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What is TFI TAB Gida Yatirimlari AS ROIC %?

TFI TAB Gida Yatirimlari AS TFIG ROIC % is -0.21% as of Dec. 2016.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. TFI TAB Gida Yatirimlari AS's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2016 was -0.21%.

As of today (2026-09-11), TFI TAB Gida Yatirimlari AS's WACC % is 0.00%. TFI TAB Gida Yatirimlari AS's ROIC % is 0.00% (calculated using TTM income statement data). TFI TAB Gida Yatirimlari AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.

TFI TAB Gida Yatirimlari AS  (NAS:TFIG) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, TFI TAB Gida Yatirimlari AS's WACC % is 0.00%. TFI TAB Gida Yatirimlari AS's ROIC % is 0.00% (calculated using TTM income statement data). TFI TAB Gida Yatirimlari AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

TFI TAB Gida Yatirimlari AS ROIC % Related Terms

TFI TAB Gida Yatirimlari AS ROIC % Historical Data

* Premium members only.

The historical data trend for TFI TAB Gida Yatirimlari AS's ROIC % 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.

TFI TAB Gida Yatirimlari AS ROIC % Chart

TFI TAB Gida Yatirimlari AS Annual Data
Trend Dec15 Dec16
ROIC %
-2.08 -0.21

TFI TAB Gida Yatirimlari AS Semi-Annual Data
Dec15 Dec16
ROIC % -2.08 -0.21

TFIG vs : ROIC % Comparison

For the Restaurants subindustry, TFI TAB Gida Yatirimlari AS's ROIC %, along with its competitors' market caps and ROIC % 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.

TFI TAB Gida Yatirimlari AS ROIC % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TFI TAB Gida Yatirimlari AS's ROIC % distribution charts can be found below:

* The bar in red indicates where TFI TAB Gida Yatirimlari AS's ROIC % falls into.


TFI TAB Gida Yatirimlari AS ROIC % Calculation

TFI TAB Gida Yatirimlari AS's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2016 is calculated as:

ROIC % (A: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2015 ) + Invested Capital (A: Dec. 2016 ))/ count )
=-1.218 * ( 1 - 1.59% )/( (502.663 + 643.685)/ 2 )
=-1.1986338/573.174
=-0.21 %

where

Invested Capital(A: Dec. 2015 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=525.627 - 175.857 - ( 47.974 - max(0, 276.183 - 123.29+47.974))
=502.663

Invested Capital(A: Dec. 2016 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=647.192 - 184.561 - ( 113.099 - max(0, 386.687 - 205.633+113.099))
=643.685

TFI TAB Gida Yatirimlari AS's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2016 is calculated as:

ROIC % (Q: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2015 ) + Invested Capital (Q: Dec. 2016 ))/ count )
=-1.218 * ( 1 - 1.59% )/( (502.663 + 643.685)/ 2 )
=-1.1986338/573.174
=-0.21 %

where

Invested Capital(Q: Dec. 2015 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=525.627 - 175.857 - ( 47.974 - max(0, 276.183 - 123.29+47.974))
=502.663

Invested Capital(Q: Dec. 2016 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=647.192 - 184.561 - ( 113.099 - max(0, 386.687 - 205.633+113.099))
=643.685

Note: The Operating Income data used here is one times the annual (Dec. 2016) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of -0.21% mean?
TFI TAB Gida Yatirimlari AS (TFIG) has a ROIC % of -0.21% as of Dec. 2016. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on TFI TAB Gida Yatirimlari AS and its competitors.
Is TFI TAB Gida Yatirimlari AS's ROIC % too high?
TFI TAB Gida Yatirimlari AS's current ROIC % is -0.21%.
How does TFI TAB Gida Yatirimlari AS's ROIC % compare to ?
TFI TAB Gida Yatirimlari AS's ROIC % of -0.21% can be compared against companies in the Restaurants industry. The industry median ROIC % is 4.19. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Restaurants company?
The median ROIC % among Restaurants companies is 4.19, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on TFI TAB Gida Yatirimlari AS and its competitors. For the Restaurants industry, the median ROIC % is 4.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TFI TAB Gida Yatirimlari AS's current ROIC % is -0.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TFI TAB Gida Yatirimlari AS stock overvalued right now?
TFI TAB Gida Yatirimlari AS (TFIG) has a current ROIC % of -0.21%. The current ROIC % is -0.21%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For TFI TAB Gida Yatirimlari AS (TFIG), the current ROIC % is -0.21% as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TFI TAB Gida Yatirimlari AS Business Description

Comparable Companies
Address Dikilitas Mah. Emirhan Cad, No:109 Atakule Besiktas, Istanbul, TUR
TFI TAB Gida Yatirimlari AS acts as a restaurant operator. The company operates a broad range of quick service restaurants, (QSRs), mainly in Turkey and China. It provides a wide spectrum of restaurant concepts, encompassing hamburger, chicken, sandwich, Italian/pizza, and Turkish QSRs. The company operates more than 600 Burger King restaurants in Turkey. It acts as a franchisee of Popeyes, Arby's and Sbarro. It has developed its own fast food brand Usta Dönerci in Turkey. The company operates its restaurant in three channels namely mall, street in-line, and freestanding and airport. It operates through Quick service restaurants segment, Ecosystem, and Other segment. The majority of the company's revenue comes from Turkey.