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Canada Global (TR) (XTAE:CNGL) ROCE % : -19.25% (As of Dec. 2023)


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What is Canada Global (TR) 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. Canada Global (TR)'s annualized ROCE % for the quarter that ended in Dec. 2023 was -19.25%.

Canada Global (TR) ROCE % Historical Data

The historical data trend for Canada Global (TR)'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.

Canada Global (TR) ROCE % Chart

Canada Global (TR) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.10 - - -0.31 -10.11

Canada Global (TR) Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.97 - -0.58 -0.98 -19.25

Canada Global (TR) ROCE % Calculation

Canada Global (TR)'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 )
=-2.374/( ( (24.786 - 0.407) + (22.888 - 0.29) )/ 2 )
=-2.374/( (24.379+22.598)/ 2 )
=-2.374/23.4885
=-10.11 %

Canada Global (TR)'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: Jun. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=-4.51/( ( (24.46 - 0.203) + (22.888 - 0.29) )/ 2 )
=-4.51/( ( 24.257 + 22.598 )/ 2 )
=-4.51/23.4275
=-19.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

* 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.

Canada Global (TR)  (XTAE:CNGL) 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.

Canada Global (TR) ROCE % Related Terms

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Canada Global (TR) (XTAE:CNGL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Canada Global (TR) Ltd (XTAE:CNGL) » Definitions » ROCE %
Comparable Companies
XTAE:LSCO XTAE:LUDN XTAE:BRAN XTAE:YAAC XTAE:ORON XTAE:ELMR XTAE:LUZN XTAE:ELWS XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260 XPAR:EN SHSE:601669
Traded in Other Exchanges
N/A
Address
2 Hanofim, Herzliya, ISR, 4672553
Website
http://www.avivarlon.com
Canada Global (TR) Ltd provides a range of engineering solutions for residential, commercial, and public building projects as well as for various infrastructures in Israel. Its activities include initiating, acquiring, planning, constructing, and marketing projects.