Fire & Gas Detection Technologies (XTAE:FGAS) ROCE % : -42.15% (As of Dec. 2024)

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What is Fire & Gas Detection Technologies 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. Fire & Gas Detection Technologies's annualized ROCE % for the quarter that ended in Dec. 2024 was -42.15%.

Fire & Gas Detection Technologies ROCE % Historical Data

The historical data trend for Fire & Gas Detection Technologies'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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Fire & Gas Detection Technologies ROCE % Chart

Fire & Gas Detection Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-168.36

-42.08

-18.68

-11.40

-28.41

Fire & Gas Detection Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial							-30.91	-10.59	-15.02	-11.34	-42.15

Fire & Gas Detection Technologies ROCE % Calculation

Fire & Gas Detection Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-13.496	/	( ( (60.436 - 14.549)	+	(66.617 - 17.506) )	/ 2 )
	=	-13.496	/	( (45.887	+	49.111)	/ 2 )
	=	-13.496	/	47.499
	=	-28.41 %

Fire & Gas Detection Technologies's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-21.414	/	( ( (60.557 - 8.07)	+	(66.617 - 17.506) )	/ 2 )
	=	-21.414	/	( ( 52.487	+	49.111 )	/ 2 )
	=	-21.414	/	50.799
	=	-42.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Fire & Gas Detection Technologies (XTAE:FGAS) 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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Fire & Gas Detection Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Fire & Gas Detection Technologies Ltd (XTAE:FGAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Bror Hayil, Ashkelon Beach, Ashkelon, ISR, 693709

Website

https://www.fg-detection.com

Fire & Gas Detection Technologies Ltd is engaged in the business of providing flame detection systems to the Oil & Gas industry.

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