Discount Investment (XTAE:DISI) ROCE % : -5.42% (As of Dec. 2023)

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What is Discount Investment 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. Discount Investment's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.42%.

Discount Investment ROCE % Historical Data

The historical data trend for Discount Investment'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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Discount Investment ROCE % Chart

Discount Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.73

-1.61

7.65

14.12

2.16

Discount Investment 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															-3.61	9.23	9.32	-4.82	-5.42

Discount Investment ROCE % Calculation

Discount Investment'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 )
	=	447	/	( ( (33166 - 11677)	+	(29443 - 9552) )	/ 2 )
	=	447	/	( (21489	+	19891)	/ 2 )
	=	447	/	20690
	=	2.16 %

Discount Investment'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 )
	=	-1188	/	( ( (30903 - 6974)	+	(29443 - 9552) )	/ 2 )
	=	-1188	/	( ( 23929	+	19891 )	/ 2 )
	=	-1188	/	21910
	=	-5.42 %

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

Discount Investment (XTAE:DISI) 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.

Discount Investment ROCE % Related Terms

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Discount Investment (XTAE:DISI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Discount Investment Corp Ltd (XTAE:DISI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Azrieli Center, 44th Floor, Triangle Tower, Tel Aviv, ISR, 6702301

Website

http://www.dic.co.il

Discount Investment Corp Ltd is an Israel-based holding company. The company's main line of business is to invest in other enterprises in a variety of sectors. Its portfolio comprises of domestic and foreign companies which are well established or have a strong growth potential. Discount's investment areas include cellular communications, advanced technologies, retail and food, real estate and construction. It basically invests across three main segments, which are Cellcom, Shufersal and Property and Building Corporation. Shufersal is a retail chains in Israel,cellcom is a cellular operators in the country.

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