Eldav Investments (XTAE:ELDAV-M) ROCE % : 31.62% (As of Dec. 2024)

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What is Eldav Investments 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. Eldav Investments's annualized ROCE % for the quarter that ended in Dec. 2024 was 31.62%.

Eldav Investments ROCE % Historical Data

The historical data trend for Eldav Investments'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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Eldav Investments ROCE % Chart

Eldav Investments Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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29.03

3.87

-10.61

-4.21

18.40

Eldav Investments Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial											-26.07	4.75	-14.01	5.71	31.62

Eldav Investments ROCE % Calculation

Eldav Investments's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	23.426	/	( ( (118.115 - 1.035)	+	(138.847 - 1.245) )	/ 2 )
	=	23.426	/	( (117.08	+	137.602)	/ 2 )
	=	23.426	/	127.341
	=	18.40 %

Eldav Investments's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	40.182	/	( ( (117.926 - 1.333)	+	(138.847 - 1.245) )	/ 2 )
	=	40.182	/	( ( 116.593	+	137.602 )	/ 2 )
	=	40.182	/	127.0975
	=	31.62 %

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

Eldav Investments (XTAE:ELDAV-M) 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.

Eldav Investments ROCE % Related Terms

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Eldav Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eldav Investments Ltd (XTAE:ELDAV-M) » Definitions » ROCE %

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Address

Ahad Ha'am 48, Tel Aviv, ISR, 65202

Website

http://www.eldav.co.il

Eldav Investments Ltd is an investment company. It invests in industrial, service, & commercial companies. Through its investments in various companies, it provides historical financial information to institutions & investors, relating to legal, taxation, & land registration. It provides information security and cyber security consulting services.

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