Ituran Location and Control (Ituran Location and Control) ROCE % : 30.73% (As of Dec. 2023)

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What is Ituran Location and Control 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. Ituran Location and Control's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.73%.

Ituran Location and Control ROCE % Historical Data

The historical data trend for Ituran Location and Control'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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Ituran Location and Control ROCE % Chart

Ituran Location and Control Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.18

14.26

26.36

28.65

31.26

Ituran Location and Control 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															24.51	31.72	32.14	31.96	30.73

Ituran Location and Control ROCE % Calculation

Ituran Location and Control'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 )
	=	66.301	/	( ( (290.927 - 92.972)	+	(318.688 - 92.464) )	/ 2 )
	=	66.301	/	( (197.955	+	226.224)	/ 2 )
	=	66.301	/	212.0895
	=	31.26 %

Ituran Location and Control'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 )
	=	67.404	/	( ( (297.129 - 84.685)	+	(318.688 - 92.464) )	/ 2 )
	=	67.404	/	( ( 212.444	+	226.224 )	/ 2 )
	=	67.404	/	219.334
	=	30.73 %

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

Ituran Location and Control (NAS:ITRN) 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.

Ituran Location and Control ROCE % Related Terms

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Ituran Location and Control (Ituran Location and Control) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ituran Location and Control Ltd (NAS:ITRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hashikma Street, Azour, ISR, 5800182

Website

https://www.ituran.com

Ituran Location and Control Ltd is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products. The Telematics services segment consists of regionally- based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services. The Telematics product segment consists of short and medium-range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location, and automatic vehicle identification. Its geographical segments include Israel, Brazil, and Others.