El-Mor Electric Installation & Services (1986) (XTAE:ELMR) ROCE % : 19.96% (As of Sep. 2024)

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What is El-Mor Electric Installation & Services (1986) 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. El-Mor Electric Installation & Services (1986)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 19.96%.

El-Mor Electric Installation & Services (1986) ROCE % Historical Data

The historical data trend for El-Mor Electric Installation & Services (1986)'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.
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El-Mor Electric Installation & Services (1986) ROCE % Chart

El-Mor Electric Installation & Services (1986) Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.72

18.01

36.12

17.29

18.45

El-Mor Electric Installation & Services (1986) Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												22.35	10.83	23.30	20.14	19.96

El-Mor Electric Installation & Services (1986) ROCE % Calculation

El-Mor Electric Installation & Services (1986)'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 )
	=	50.864	/	( ( (510.846 - 245.456)	+	(531.277 - 245.32) )	/ 2 )
	=	50.864	/	( (265.39	+	285.957)	/ 2 )
	=	50.864	/	275.6735
	=	18.45 %

El-Mor Electric Installation & Services (1986)'s ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	59.596	/	( ( (608.564 - 311.171)	+	(603.927 - 304.246) )	/ 2 )
	=	59.596	/	( ( 297.393	+	299.681 )	/ 2 )
	=	59.596	/	298.537
	=	19.96 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

El-Mor Electric Installation & Services (1986) (XTAE:ELMR) 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.

El-Mor Electric Installation & Services (1986) ROCE % Related Terms

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El-Mor Electric Installation & Services (1986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » El-Mor Electric Installation & Services (1986) Ltd (XTAE:ELMR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Hotzot Haytozer Street, Ashkelon, ISR

Website

http://www.el-mor.co.il

El-Mor Electric Installation & Services (1986) Ltd builds electricity projects and deals in energy, infrastructure and communications sectors through subsidiaries.It has branches in Lod, Kfar Saba and Ashkelon. It has electricity and air-conditioning projects in a variety of fields such as power plants, renewable and solar energy, industry, telecom, high-tech, commercial and public buildings, military and defense facilities, electrical and telecom infrastructure, and street lighting.

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