Gilat Telecom Global (XTAE:GLTL) ROCE %

: 26.42% (As of Dec. 2023)

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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. Gilat Telecom Global's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.42%.

Gilat Telecom Global ROCE % Historical Data

The historical data trend for Gilat Telecom Global'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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Gilat Telecom Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

0.31

6.29

-4.30

-5.58

13.80

Gilat Telecom Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-12.10	6.62	19.70	5.14	26.42

Gilat Telecom Global ROCE % Calculation

Gilat Telecom Global'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 )
	=	11.076	/	( ( (167.854 - 85.505)	+	(174.094 - 95.931) )	/ 2 )
	=	11.076	/	( (82.349	+	78.163)	/ 2 )
	=	11.076	/	80.256
	=	13.80 %

Gilat Telecom Global'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 )
	=	19.98	/	( ( (167.079 - 93.971)	+	(174.094 - 95.931) )	/ 2 )
	=	19.98	/	( ( 73.108	+	78.163 )	/ 2 )
	=	19.98	/	75.6355
	=	26.42 %

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

Gilat Telecom Global (XTAE:GLTL) 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.

Gilat Telecom Global ROCE % Related Terms

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Gilat Telecom Global (XTAE:GLTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gilat Telecom Global Ltd (XTAE:GLTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Yegia Kapayim Street, P O Box 7144, Petach-Tikva, ISR, 4913020

Website

https://www.gilat.net

Gilat Telecom Global Ltd is engaged in providing end-to-end communication solutions including bandwidth and connectivity over satellite, fiber optic, and radio infrastructure to cellular operators, Internet providers, enterprises, government organizations, and emergency and rescue services in Africa and the middle east.

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