Fade Gida Yatirimnayi Ticaret AS (IST:FADE) ROCE % : 58.53% (As of Jun. 2023)

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What is Fade Gida Yatirimnayi 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. Fade Gida Yatirimnayi Ticaret AS's annualized ROCE % for the quarter that ended in Jun. 2023 was 58.53%.

Fade Gida Yatirimnayi Ticaret AS ROCE % Historical Data

The historical data trend for Fade Gida Yatirimnayi 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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Fade Gida Yatirimnayi Ticaret AS ROCE % Chart

Fade Gida Yatirimnayi Ticaret AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.19

27.92

10.26

16.56

57.12

Fade Gida Yatirimnayi Ticaret AS Quarterly Data
	Dec16	Dec17	Sep18	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															159.53	32.40	29.17	116.12	58.53

Fade Gida Yatirimnayi Ticaret AS ROCE % Calculation

Fade Gida Yatirimnayi Ticaret AS's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	226.181	/	( ( (326.825 - 42.13)	+	(571.697 - 64.495) )	/ 2 )
	=	226.181	/	( (284.695	+	507.202)	/ 2 )
	=	226.181	/	395.9485
	=	57.12 %

Fade Gida Yatirimnayi Ticaret AS's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	423.496	/	( ( (753.831 - 80.055)	+	(863.243 - 89.822) )	/ 2 )
	=	423.496	/	( ( 673.776	+	773.421 )	/ 2 )
	=	423.496	/	723.5985
	=	58.53 %

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

Fade Gida Yatirimnayi Ticaret AS (IST:FADE) 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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Fade Gida Yatirimnayi Ticaret AS (IST:FADE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fade Gida Yatirim Sanayi Ticaret AS (IST:FADE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cumhuriyet Mah. 136/2 Sk., No. 10/A, Izmir, TUR, 35660

Website

http://www.fadefood.com

Fade Gida Yatirim Sanayi Ticaret AS is engaged in the production of packaged food products. The company provides salted or sulphured sun-dried tomatoes and other organic products.

Fade Gida Yatirimnayi Ticaret AS (IST:FADE) Headlines

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