Hagag Group Real Estate Development (XTAE:HGG) ROCE % : 27.80% (As of Dec. 2023)

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What is Hagag Group Real Estate Development 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. Hagag Group Real Estate Development's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.80%.

Hagag Group Real Estate Development ROCE % Historical Data

The historical data trend for Hagag Group Real Estate Development'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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Hagag Group Real Estate Development ROCE % Chart

Hagag Group Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.67

10.82

13.48

13.41

21.47

Hagag Group Real Estate Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.65	42.15	6.37	7.33	27.80

Hagag Group Real Estate Development ROCE % Calculation

Hagag Group Real Estate Development'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 )
	=	378.9	/	( ( (3409.022 - 1928.879)	+	(3808.735 - 1759.828) )	/ 2 )
	=	378.9	/	( (1480.143	+	2048.907)	/ 2 )
	=	378.9	/	1764.525
	=	21.47 %

Hagag Group Real Estate Development'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	555.512	/	( ( (3808.302 - 1860.717)	+	(3808.735 - 1759.828) )	/ 2 )
	=	555.512	/	( ( 1947.585	+	2048.907 )	/ 2 )
	=	555.512	/	1998.246
	=	27.80 %

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

Hagag Group Real Estate Development (XTAE:HGG) 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.

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Hagag Group Real Estate Development (XTAE:HGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hagag Group Real Estate Development Ltd (XTAE:HGG) » Definitions » ROCE %

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Address

30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021

Website

http://hagag-group.co.il

Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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