Migdalor- Alternative Products (XTAE:MGDA) ROCE % : -9.75% (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Migdalor- Alternative Products 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. Migdalor- Alternative Products's annualized ROCE % for the quarter that ended in Jun. 2023 was -9.75%.

Migdalor- Alternative Products ROCE % Historical Data

The historical data trend for Migdalor- Alternative Products'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.

* Premium members only.

Migdalor- Alternative Products ROCE % Chart

Migdalor- Alternative Products Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-6.61

22.64

16.50

4.85

Migdalor- Alternative Products Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial				67.27	18.03	16.20	-6.66	-9.75

Migdalor- Alternative Products ROCE % Calculation

Migdalor- Alternative Products'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 )
	=	3.235	/	( ( (80.125 - 16.802)	+	(78.833 - 8.705) )	/ 2 )
	=	3.235	/	( (63.323	+	70.128)	/ 2 )
	=	3.235	/	66.7255
	=	4.85 %

Migdalor- Alternative Products'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-6.628	/	( ( (78.833 - 8.705)	+	(72.196 - 6.363) )	/ 2 )
	=	-6.628	/	( ( 70.128	+	65.833 )	/ 2 )
	=	-6.628	/	67.9805
	=	-9.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Migdalor- Alternative Products (XTAE:MGDA) 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.

Migdalor- Alternative Products ROCE % Related Terms

Thank you for viewing the detailed overview of Migdalor- Alternative Products's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Migdalor- Alternative Products (XTAE:MGDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Migdalor- Alternative Products Ltd (XTAE:MGDA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Gazit street, Petah Tikva, ISR, 4927987

Website

http://www.migdalor-group.com

Migdalor- Alternative Products Ltd develops a wide range of investment products in a variety of platforms and fields. It allows clients to build an optimal alternative investment portfolio while maintaining the return/risk ratio that suits their needs. Its investment products include Real estate-backed transactions in debt or equity tracks, Hedge funds, and Low-risk funds that maximize return.

Migdalor- Alternative Products (XTAE:MGDA) Headlines

No Headlines