Land Development of Nimrodi Group (XTAE:ILDC) ROCE % : 1.94% (As of Sep. 2024)

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What is Land Development of Nimrodi Group 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. Land Development of Nimrodi Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.94%.

Land Development of Nimrodi Group ROCE % Historical Data

The historical data trend for Land Development of Nimrodi Group'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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Land Development of Nimrodi Group ROCE % Chart

Land Development of Nimrodi Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.39

2.97

12.70

11.93

4.14

Land Development of Nimrodi Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.59	4.28	3.32	18.23	1.94

Land Development of Nimrodi Group ROCE % Calculation

Land Development of Nimrodi Group'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 )
	=	313.992	/	( ( (8621.962 - 1376.068)	+	(9221.385 - 1289.718) )	/ 2 )
	=	313.992	/	( (7245.894	+	7931.667)	/ 2 )
	=	313.992	/	7588.7805
	=	4.14 %

Land Development of Nimrodi Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	168.952	/	( ( (10093.936 - 1477.924)	+	(10447.555 - 1610.413) )	/ 2 )
	=	168.952	/	( ( 8616.012	+	8837.142 )	/ 2 )
	=	168.952	/	8726.577
	=	1.94 %

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

Land Development of Nimrodi Group (XTAE:ILDC) 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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Land Development of Nimrodi Group Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Land Development of Nimrodi Group Ltd (XTAE:ILDC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

30 Sheshet Hayamim Street, Bnei Brak, ISR, 5120261

Website

http://www.ildc.co.il

The Israel Land Development Co Ltd owns and manages a chain of hotels in Israel. The company's operating business segments are Property rental; Residential construction development overseas; and Residential construction development in Israel. Property rental segment generates most of the revenue for the firm which is engaged in the rental and management of investment properties throughout Israel and overseas.

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