Golden House (XTAE:GOHO) ROCE % : 11.15% (As of Dec. 2023)

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What is Golden House 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. Golden House's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.15%.

Golden House ROCE % Historical Data

The historical data trend for Golden House'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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Golden House ROCE % Chart

Golden House Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

18.94

11.15

Golden House Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-	18.94	11.15

Golden House ROCE % Calculation

Golden House'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 )
	=	62.618	/	( ( (813.741 - 210.686)	+	(629.951 - 109.312) )	/ 2 )
	=	62.618	/	( (603.055	+	520.639)	/ 2 )
	=	62.618	/	561.847
	=	11.15 %

Golden House'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	62.618	/	( ( (813.741 - 210.686)	+	(629.951 - 109.312) )	/ 2 )
	=	62.618	/	( ( 603.055	+	520.639 )	/ 2 )
	=	62.618	/	561.847
	=	11.15 %

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

Golden House (XTAE:GOHO) 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.

Golden House ROCE % Related Terms

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Golden House Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Golden House Ltd (XTAE:GOHO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moshe Dayan Street 66, Tel Aviv, ISR, 67320

Website

http://www.golden-house.co.il

Golden House Ltd provides assisted living services for elderly people. It also offers culture & social life services, conducts handcraft classes & workshops & nursing home operations, among others. It has more than hundred housing units of various sizes as well as public spaces including a lobby, spacious club, restaurant, coffee shop.

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