ICP Israel Citrus Plantations (XTAE:CTPL5) ROCE % : 11.04% (As of Jun. 2024)

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What is ICP Israel Citrus Plantations 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. ICP Israel Citrus Plantations's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.04%.

ICP Israel Citrus Plantations ROCE % Historical Data

The historical data trend for ICP Israel Citrus Plantations'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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ICP Israel Citrus Plantations ROCE % Chart

ICP Israel Citrus Plantations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.12

6.77

16.91

18.28

3.21

ICP Israel Citrus Plantations Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															21.70	15.04	2.75	3.50	11.04

ICP Israel Citrus Plantations ROCE % Calculation

ICP Israel Citrus Plantations'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 )
	=	2.667	/	( ( (87.558 - 0.714)	+	(83.323 - 3.797) )	/ 2 )
	=	2.667	/	( (86.844	+	79.526)	/ 2 )
	=	2.667	/	83.185
	=	3.21 %

ICP Israel Citrus Plantations's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	9.028	/	( ( (83.323 - 3.797)	+	(87.708 - 3.696) )	/ 2 )
	=	9.028	/	( ( 79.526	+	84.012 )	/ 2 )
	=	9.028	/	81.769
	=	11.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

ICP Israel Citrus Plantations (XTAE:CTPL5) 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.

ICP Israel Citrus Plantations ROCE % Related Terms

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ICP Israel Citrus Plantations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » ICP Israel Citrus Plantations Ltd (XTAE:CTPL5) » Definitions » ROCE %

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CTPL1:Israel

Address

68 Ibn Gvirol Street, Tel Aviv, ISR

Website

ICP Israel Citrus Plantations Ltd is engaged in the orchards, citrus fruit sale, and rental of real estate business.

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