Hod-Assaf Industries (XTAE:HOD) ROCE % : 8.18% (As of Dec. 2024)

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What is Hod-Assaf 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. Hod-Assaf Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.18%.

Hod-Assaf Industries ROCE % Historical Data

The historical data trend for Hod-Assaf 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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Hod-Assaf Industries ROCE % Chart

Hod-Assaf Industries Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.61

27.49

10.47

8.15

14.94

Hod-Assaf Industries Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-4.42	9.17	14.15	27.83	8.18

Hod-Assaf Industries ROCE % Calculation

Hod-Assaf 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 )
	=	110.84	/	( ( (1234.74 - 532.316)	+	(1274.051 - 492.267) )	/ 2 )
	=	110.84	/	( (702.424	+	781.784)	/ 2 )
	=	110.84	/	742.104
	=	14.94 %

Hod-Assaf 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 )
	=	63.94	/	( ( (1224.419 - 442.966)	+	(1274.051 - 492.267) )	/ 2 )
	=	63.94	/	( ( 781.453	+	781.784 )	/ 2 )
	=	63.94	/	781.6185
	=	8.18 %

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

Hod-Assaf Industries (XTAE:HOD) 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.

Hod-Assaf Industries ROCE % Related Terms

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Hod-Assaf Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hod-Assaf Industries Ltd (XTAE:HOD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 493, Akko, ISR, 24100

Website

http://www.hodmetal.co.il

Hod-Assaf Industries Ltd produces, processes and sells concrete reinforcement steel products. The company produces steel, steel wire, welded nuts, fencing products. Its products are used for the construction, infrastructure, defense and agriculture industries. It operates steel production and processing plants in Acre and Kiryat Gat.

Hod-Assaf Industries Headlines

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