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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. ICTS International NV's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.56%.
The historical data trend for ICTS International NV'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.
ICTS International NV Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -109.91 | -12.54 | 10.95 | 47.57 | -2.55 |
ICTS International NV Semi-Annual Data | ||||||||||||||||||||
Dec13 | Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | |
ROCE % | Get a 7-Day Free Trial | 63.85 | 28.89 | 3.69 | -9.30 | -2.56 |
ICTS International NV'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 ) | |||||
= | -3.21 | / | ( ( (195.88 - 60.877) | + | (184.633 - 68.326) ) | / 2 ) | |
= | -3.21 | / | ( (135.003 | + | 116.307) | / 2 ) | |
= | -3.21 | / | 125.655 | ||||
= | -2.55 % |
ICTS International NV'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 ) | |||||
= | -2.884 | / | ( ( (184.633 - 68.326) | + | (185.576 - 76.634) ) | / 2 ) | |
= | -2.884 | / | ( ( 116.307 | + | 108.942 ) | / 2 ) | |
= | -2.884 | / | 112.6245 | ||||
= | -2.56 % |
(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.
* 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.
ICTS International NV (OTCPK:ICTSF) 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.
Thank you for viewing the detailed overview of ICTS International NV's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rom Shaked | other: Managing Director | 79 EERSTE OOSTERPARKSTRAAT, AMSTERDAM P7 1091GW |
Igal Tabori | 10 percent owner | 19 ALUMIM STREET, TEL AVIV L3 69690 |
Philip Getter | director, 10 percent owner | PRIME CHARTER LTD, 810 SEVENTH AVE, NEW YORK NY 10019 |
Spencer Corp | 10 percent owner | AM HANSAKAI 14, ROSTOCK 2M 18147 |
Menachem Atzmon | director | ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020 |
David W Sass | director, 10 percent owner | 260 MADISON AVE 18TH FLR, NEW YORK NY 10016 |
Gail Lieberman | director | 175 EAST 79TH STREET, APT. 4D, NEW YORK NY 10075 |
Gordon Hausmann | director | C/O CH. HAUSMANN & CO., 5 DE WALDEN COURT 85 NEW CAVENDISH STREE, LONDON X0 W1W6XD |
Ron Atzmon | director | 18A YAAKOV STREET, TEL AVIV L3 6901552 |
Gil Atzmon | director | 2 HACHERMESH STREET, SAVYON L3 0000000000 |
Alon Raich | director | C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000 |
Elie Housman | director | 600 WEST END AVENUE 12-CD, NEW YORK NY 10022 |
Amos Megides | 10 percent owner | 21 MOROD HANACHAL STREET, HOFIT L3 40300 |
Ran Langer | officer: Managing Director | ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020 |
Dan Avraham | officer: Managing Director | ONE ROCKEFELLER PLAZA, SUITE 2412, NEW YORK NY 10020 |
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