AFI Properties (XTAE:AFPR) ROCE % : 4.79% (As of Mar. 2024)

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What is AFI Properties 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. AFI Properties's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.79%.

AFI Properties ROCE % Historical Data

The historical data trend for AFI Properties'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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AFI Properties ROCE % Chart

AFI Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.41

1.98

10.23

7.85

4.28

AFI Properties Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.61	5.96	7.77	2.22	4.79

AFI Properties ROCE % Calculation

AFI Properties'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 )
	=	688.658	/	( ( (17449.242 - 2272.042)	+	(19582.416 - 2547.489) )	/ 2 )
	=	688.658	/	( (15177.2	+	17034.927)	/ 2 )
	=	688.658	/	16106.0635
	=	4.28 %

AFI Properties's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	820.652	/	( ( (19582.416 - 2547.489)	+	(19902.571 - 2670.512) )	/ 2 )
	=	820.652	/	( ( 17034.927	+	17232.059 )	/ 2 )
	=	820.652	/	17133.493
	=	4.79 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

AFI Properties (XTAE:AFPR) 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.

AFI Properties ROCE % Related Terms

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AFI Properties (XTAE:AFPR) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AFI Properties Ltd (XTAE:AFPR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Derech Hahoresh Street, Yehud, ISR

Website

http://prop.afi-g.com

AFI Properties Ltd is a real estate developer which initiates, constructs, rents and operates industrial buildings, offices, and commercial properties in Israel and Europe. The company also develops residential projects in Europe. The company's commercial buildings include Beit Harofim, Vertex House, The Main Commercial Center and Stage Center. Its shopping malls consist of Lev Hamoshava at City Center, Lev Talpiot, The Panorama Center and Big Fashion. Its offices portfolio includes Psagot Tower, Concorde Tower and AFI Square-Tel Aviv. Its logistic parks include Rehovot Science Park, Global Park Lod, Weitzmann Science Park and Migdal HaEmek Science Park.

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