Electra Power (2019) (XTAE:ELCP) ROCE % : 10.99% (As of Dec. 2023)

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What is Electra Power (2019) 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. Electra Power (2019)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 10.99%.

Electra Power (2019) ROCE % Historical Data

The historical data trend for Electra Power (2019)'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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Electra Power (2019) ROCE % Chart

Electra Power (2019) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.68

9.81

5.98

2.67

-0.33

Electra Power (2019) Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.02	3.40	-2.99	-12.81	10.99

Electra Power (2019) ROCE % Calculation

Electra Power (2019)'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 )
	=	-4.763	/	( ( (1716.108 - 284.303)	+	(1846.91 - 358.432) )	/ 2 )
	=	-4.763	/	( (1431.805	+	1488.478)	/ 2 )
	=	-4.763	/	1460.1415
	=	-0.33 %

Electra Power (2019)'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 )
	=	164.408	/	( ( (1850.468 - 346.779)	+	(1846.91 - 358.432) )	/ 2 )
	=	164.408	/	( ( 1503.689	+	1488.478 )	/ 2 )
	=	164.408	/	1496.0835
	=	10.99 %

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

Electra Power (2019) (XTAE:ELCP) 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.

Electra Power (2019) ROCE % Related Terms

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Electra Power (2019) (XTAE:ELCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Electra Power (2019) Ltd (XTAE:ELCP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

35 Yad Harutzim, Netanya, ISR

Website

https://www.supergasenergy.co.il

Electra Power (2019) Ltd is engaged in the supply of energy and electricity in Israel. The company offers energy solutions which include cooking gas, natural gas, solar energy, and charging stations for electric vehicles. Electra Power focuses on transferring power into the hands of the consumer and providing smart services and solutions.

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