Tel Aviv Stock Exchange (XTAE:TASE) ROCE % : 17.08% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Tel Aviv Stock Exchange 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. Tel Aviv Stock Exchange's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.08%.

Tel Aviv Stock Exchange ROCE % Historical Data

The historical data trend for Tel Aviv Stock Exchange'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.

* Premium members only.

Tel Aviv Stock Exchange ROCE % Chart

Tel Aviv Stock Exchange Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.43

6.56

7.60

8.89

16.00

Tel Aviv Stock Exchange 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															3.06	16.76	12.95	14.53	17.08

Tel Aviv Stock Exchange ROCE % Calculation

Tel Aviv Stock Exchange'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 )
	=	110.046	/	( ( (1812.13 - 1033.351)	+	(2691.647 - 2094.472) )	/ 2 )
	=	110.046	/	( (778.779	+	597.175)	/ 2 )
	=	110.046	/	687.977
	=	16.00 %

Tel Aviv Stock Exchange'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 )
	=	111.188	/	( ( (2531.284 - 1826.196)	+	(2691.647 - 2094.472) )	/ 2 )
	=	111.188	/	( ( 705.088	+	597.175 )	/ 2 )
	=	111.188	/	651.1315
	=	17.08 %

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

Tel Aviv Stock Exchange (XTAE:TASE) 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.

Tel Aviv Stock Exchange ROCE % Related Terms

Thank you for viewing the detailed overview of Tel Aviv Stock Exchange's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tel Aviv Stock Exchange (XTAE:TASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tel Aviv Stock Exchange Ltd (XTAE:TASE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TVAVF:USA

Address

2 Ahuzat Bayit Street, Tel Aviv, ISR, 6525216

Website

https://www.tase.co.il

Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.

Tel Aviv Stock Exchange (XTAE:TASE) Headlines

No Headlines