Golan Renewable Industries (XTAE:GRIN) ROCE % : 6.04% (As of Dec. 2024)

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What is Golan Renewable Industries 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. Golan Renewable Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.04%.

Golan Renewable Industries ROCE % Historical Data

The historical data trend for Golan Renewable Industries'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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Golan Renewable Industries ROCE % Chart

Golan Renewable Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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10.68

13.48

13.51

12.79

9.84

Golan Renewable Industries Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial													6.62	9.49	11.14	12.44	6.04

Golan Renewable Industries ROCE % Calculation

Golan Renewable Industries'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 )
	=	39.593	/	( ( (501.538 - 98.303)	+	(534.461 - 133.064) )	/ 2 )
	=	39.593	/	( (403.235	+	401.397)	/ 2 )
	=	39.593	/	402.316
	=	9.84 %

Golan Renewable Industries'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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	24.788	/	( ( (526.403 - 106.82)	+	(534.461 - 133.064) )	/ 2 )
	=	24.788	/	( ( 419.583	+	401.397 )	/ 2 )
	=	24.788	/	410.49
	=	6.04 %

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

Golan Renewable Industries (XTAE:GRIN) 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.

Golan Renewable Industries ROCE % Related Terms

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Golan Renewable Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Golan Renewable Industries Ltd (XTAE:GRIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Shaar-Ha Golan, DN Emek Ha'Yarden, ISR, 1514500

Website

https://www.golanglobal.com

Golan Renewable Industries Ltd is a manufacturer of a broad line of PE-X pipe systems and solutions, and works in the field of e-beam radiation, solar boilers and pre-manufactured walls for sanitary installations.