Bayit Bakfar (XTAE:BKFR) ROCE % : 34.61% (As of Dec. 2023)

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What is Bayit Bakfar 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. Bayit Bakfar's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.61%.

Bayit Bakfar ROCE % Historical Data

The historical data trend for Bayit Bakfar'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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Bayit Bakfar ROCE % Chart

Bayit Bakfar Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.61

6.30

7.61

11.53

13.18

Bayit Bakfar Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											11.56	4.47	10.32	4.26	34.61

Bayit Bakfar ROCE % Calculation

Bayit Bakfar'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 )
	=	169.983	/	( ( (1737.551 - 514.719)	+	(1827.906 - 471.786) )	/ 2 )
	=	169.983	/	( (1222.832	+	1356.12)	/ 2 )
	=	169.983	/	1289.476
	=	13.18 %

Bayit Bakfar'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 )
	=	448.044	/	( ( (1710.714 - 477.443)	+	(1827.906 - 471.786) )	/ 2 )
	=	448.044	/	( ( 1233.271	+	1356.12 )	/ 2 )
	=	448.044	/	1294.6955
	=	34.61 %

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

Bayit Bakfar (XTAE:BKFR) 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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Bayit Bakfar (XTAE:BKFR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Bayit Bakfar Ltd (XTAE:BKFR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ben Yehuda Street 71, Kefar Sava, ISR

Website

http://www.bayit-bakfar.com

Bayit Bakfar Ltd is engaged in providing senior assisted living residences. Its campuses offer a cafeteria, activity rooms, computer center, gym, library, and Medical center among various other services.

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