Pinar Entegre ET ve Unnayi AS (IST:PETUN) ROCE % : 9.82% (As of Sep. 2023)

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What is Pinar Entegre ET ve Unnayi 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. Pinar Entegre ET ve Unnayi AS's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.82%.

Pinar Entegre ET ve Unnayi AS ROCE % Historical Data

The historical data trend for Pinar Entegre ET ve Unnayi 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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Pinar Entegre ET ve Unnayi AS ROCE % Chart

Pinar Entegre ET ve Unnayi AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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12.20

9.44

13.68

13.83

17.19

Pinar Entegre ET ve Unnayi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															25.23	34.08	7.85	9.63	9.82

Pinar Entegre ET ve Unnayi AS ROCE % Calculation

Pinar Entegre ET ve Unnayi 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 )
	=	409.956	/	( ( (1826.979 - 377.928)	+	(4164.979 - 845.051) )	/ 2 )
	=	409.956	/	( (1449.051	+	3319.928)	/ 2 )
	=	409.956	/	2384.4895
	=	17.19 %

Pinar Entegre ET ve Unnayi AS's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	315.636	/	( ( (4384.492 - 1182.081)	+	(4603.296 - 1378.226) )	/ 2 )
	=	315.636	/	( ( 3202.411	+	3225.07 )	/ 2 )
	=	315.636	/	3213.7405
	=	9.82 %

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

Pinar Entegre ET ve Unnayi AS (IST:PETUN) 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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Pinar Entegre ET ve Unnayi AS (IST:PETUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pinar Entegre ET ve Un Sanayi AS (IST:PETUN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ankara Asfalt? 25. Km, Kemalpasa, ?zmir, TUR, 35170

Website

http://www.pinar.com.tr

Pinar Entegre ET ve Un Sanayi AS is engaged in the production of meat and by-products of cattle, sheep, poultry and fish, frozen dough and packaged food. Its brand profile includes Pinar Kido, Pinar Çocuk, Pinar Doyum, Pinar Breakfast Pleasure, Pinar Pizzatto, Pinar Go, Pinar Classic, Pinar Grill Fun and others. Along with it the company also focuses on education, sports, and art.

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