Israel Land Development Urban Renewal (XTAE:ILDR) ROCE % : -20.47% (As of Dec. 2023)

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What is Israel Land Development Urban Renewal 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. Israel Land Development Urban Renewal's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.47%.

Israel Land Development Urban Renewal ROCE % Historical Data

The historical data trend for Israel Land Development Urban Renewal'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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Israel Land Development Urban Renewal ROCE % Chart

Israel Land Development Urban Renewal Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-436.11

-287.05

-59.04

-67.44

-26.62

Israel Land Development Urban Renewal Quarterly Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-68.12	-50.83	-19.84	-29.36	-20.47

Israel Land Development Urban Renewal ROCE % Calculation

Israel Land Development Urban Renewal's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-14.205	/	( ( (141.931 - 111.6)	+	(158.473 - 82.091) )	/ 2 )
	=	-14.205	/	( (30.331	+	76.382)	/ 2 )
	=	-14.205	/	53.3565
	=	-26.62 %

Israel Land Development Urban Renewal'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 )
	=	-15.472	/	( ( (176.636 - 101.816)	+	(158.473 - 82.091) )	/ 2 )
	=	-15.472	/	( ( 74.82	+	76.382 )	/ 2 )
	=	-15.472	/	75.601
	=	-20.47 %

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

Israel Land Development Urban Renewal (XTAE:ILDR) 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.

Israel Land Development Urban Renewal ROCE % Related Terms

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Israel Land Development Urban Renewal (XTAE:ILDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Israel Land Development Urban Renewal Ltd (XTAE:ILDR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Arie Shenkar Street, Tel-Aviv, ISR, 68010

Website

http://en.ildc.co.il

Israel Land Development Urban Renewal Ltd, formerly The Israel Land Development Co Energy Ltd is engaged in exploring for gas and petroleum in Israel.

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