G.P. Global Power (XTAE:GPGB-M) ROCE % : 0.38% (As of Dec. 2023)

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What is G.P. Global Power 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. G.P. Global Power's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.38%.

G.P. Global Power ROCE % Historical Data

The historical data trend for G.P. Global Power'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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G.P. Global Power ROCE % Chart

G.P. Global Power Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.53

-1.02

8.19

9.04

-5.09

G.P. Global Power Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										10.94	16.63	-1.04	-10.08	0.38

G.P. Global Power ROCE % Calculation

G.P. Global Power'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 )
	=	-6.387	/	( ( (178.713 - 55.072)	+	(146.532 - 19.286) )	/ 2 )
	=	-6.387	/	( (123.641	+	127.246)	/ 2 )
	=	-6.387	/	125.4435
	=	-5.09 %

G.P. Global Power'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0.508	/	( ( (151.864 - 12.021)	+	(146.532 - 19.286) )	/ 2 )
	=	0.508	/	( ( 139.843	+	127.246 )	/ 2 )
	=	0.508	/	133.5445
	=	0.38 %

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

G.P. Global Power (XTAE:GPGB-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.

G.P. Global Power ROCE % Related Terms

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G.P. Global Power (XTAE:GPGB-M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » G.P. Global Power Ltd (XTAE:GPGB-M) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Korazin Street 1, Givatayim, ISR, 5358301

Website

https://www.global-power.co.il

G.P. Global Power Ltd is engaged in developing projects that focus on environmental protection and electricity production. The company is focused on projects in the field of distributed electricity production for self-consumption (decentralized grid), renewable energies based on PV (photovoltaic) technology, biogas and electricity and energy storage.

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