Elron Ventures (XTAE:ELRN) ROCE % : -14.12% (As of Dec. 2023)

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What is Elron Ventures 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. Elron Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.12%.

Elron Ventures ROCE % Historical Data

The historical data trend for Elron Ventures'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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Elron Ventures ROCE % Chart

Elron Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-27.42

-23.73

16.86

40.13

-5.73

Elron Ventures 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															-19.74	18.54	-17.04	-10.38	-14.12

Elron Ventures ROCE % Calculation

Elron Ventures'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 )
	=	-34.612	/	( ( (649.077 - 25.011)	+	(611.778 - 27.894) )	/ 2 )
	=	-34.612	/	( (624.066	+	583.884)	/ 2 )
	=	-34.612	/	603.975
	=	-5.73 %

Elron Ventures'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 )
	=	-83.924	/	( ( (623.955 - 19.006)	+	(611.778 - 27.894) )	/ 2 )
	=	-83.924	/	( ( 604.949	+	583.884 )	/ 2 )
	=	-83.924	/	594.4165
	=	-14.12 %

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

Elron Ventures (XTAE:ELRN) 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.

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Elron Ventures (XTAE:ELRN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Elron Ventures Ltd (XTAE:ELRN) » Definitions » ROCE %

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ELRNF:USA

Address

114 Yigal Alon Street, ToHa Tower, 27th Floor, Tel Aviv, ISR, 6744320

Website

https://www.elronventures.com

Elron Ventures Ltd is a holding company which focuses on building and enhancing technology companies in the fields of medical devices and cyber space. Its group companies operate in various technology fields.

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