Alony-Hetz Properties & Investments (XTAE:ALHE) ROCE % : -16.36% (As of Dec. 2023)

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What is Alony-Hetz Properties & Investments 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. Alony-Hetz Properties & Investments's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.36%.

Alony-Hetz Properties & Investments ROCE % Historical Data

The historical data trend for Alony-Hetz Properties & Investments'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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Alony-Hetz Properties & Investments ROCE % Chart

Alony-Hetz Properties & Investments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.44

10.94

3.96

9.67

1.87

Alony-Hetz Properties & Investments Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.08	1.73	-1.14	-2.38	-16.36

Alony-Hetz Properties & Investments ROCE % Calculation

Alony-Hetz Properties & Investments'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 )
	=	589.787	/	( ( (31956.592 - 2446.439)	+	(36211.677 - 2717.621) )	/ 2 )
	=	589.787	/	( (29510.153	+	33494.056)	/ 2 )
	=	589.787	/	31502.1045
	=	1.87 %

Alony-Hetz Properties & Investments's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5541.268	/	( ( (37774.641 - 3899.98)	+	(38731.166 - 4860.704) )	/ 2 )
	=	-5541.268	/	( ( 33874.661	+	33870.462 )	/ 2 )
	=	-5541.268	/	33872.5615
	=	-16.36 %

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

Alony-Hetz Properties & Investments (XTAE:ALHE) 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.

Alony-Hetz Properties & Investments ROCE % Related Terms

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Alony-Hetz Properties & Investments (XTAE:ALHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alony-Hetz Properties & Investments Ltd (XTAE:ALHE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, ISR, 5250501

Website

https://www.alony-hetz.com

Alony-Hetz Properties & Investments Ltd is a real estate company that owns and operates commercial properties in Israel and overseas. Its strategy is to manage a large and diversified property portfolio in developing areas and mature markets. The company also purchases and develops real estate to support its rental operations. The type of real estate it manages includes office buildings, commercial centers, supermarkets, central business stations, and industrial parks. The company's largest property investments are based in Israel, followed by the United States, Switzerland, the United Kingdom, and other regions. It also develops and maintains renewable energy installations in Israel and Poland.

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