Automated Bank Services (Automated Bank Services) ROCE % : 19.08% (As of Dec. 2023)

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What is Automated Bank Services 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. Automated Bank Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.08%.

Automated Bank Services ROCE % Historical Data

The historical data trend for Automated Bank Services'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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Automated Bank Services ROCE % Chart

Automated Bank Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.09

19.21

27.76

15.44

20.32

Automated Bank Services 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															18.11	18.73	26.81	20.06	19.08

Automated Bank Services ROCE % Calculation

Automated Bank Services'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 )
	=	12.974	/	( ( (66.657 - 5.482)	+	(72.203 - 5.709) )	/ 2 )
	=	12.974	/	( (61.175	+	66.494)	/ 2 )
	=	12.974	/	63.8345
	=	20.32 %

Automated Bank Services'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 )
	=	12.392	/	( ( (68.886 - 5.479)	+	(72.203 - 5.709) )	/ 2 )
	=	12.392	/	( ( 63.407	+	66.494 )	/ 2 )
	=	12.392	/	64.9505
	=	19.08 %

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

Automated Bank Services (OTCPK:ABANF) 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.

Automated Bank Services ROCE % Related Terms

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Automated Bank Services (Automated Bank Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Automated Bank Services Ltd (OTCPK:ABANF) » Definitions » ROCE %

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SHVA:Israel

Address

26 HaRokmim Street., Tower A, Azrieli Center, Holon, ISR

Website

https://www.shva.co.il

Automated Bank Services Ltd is an Israel-based company involved in providing technological services to the financial system. The company serves as a central junction and a national infrastructure for clearing credit cards. It also works with credit card companies as both a clearing and issuing company.