Isramco Negev 2 LP (XTAE:ISRA) ROCE % : 19.11% (As of Sep. 2024)

View and export this data going back to 1989. Start your Free Trial

What is Isramco Negev 2 LP 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. Isramco Negev 2 LP's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.11%.

Isramco Negev 2 LP ROCE % Historical Data

The historical data trend for Isramco Negev 2 LP'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.

* Premium members only.

Isramco Negev 2 LP ROCE % Chart

Isramco Negev 2 LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

31.68

23.93

14.75

20.84

17.56

Isramco Negev 2 LP 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															17.46	10.24	21.06	15.80	19.11

Isramco Negev 2 LP ROCE % Calculation

Isramco Negev 2 LP'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 )
	=	689.151	/	( ( (4451.287 - 622.226)	+	(4708.15 - 686.974) )	/ 2 )
	=	689.151	/	( (3829.061	+	4021.176)	/ 2 )
	=	689.151	/	3925.1185
	=	17.56 %

Isramco Negev 2 LP'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 )
	=	754.044	/	( ( (4677.674 - 805.603)	+	(4947.314 - 927.298) )	/ 2 )
	=	754.044	/	( ( 3872.071	+	4020.016 )	/ 2 )
	=	754.044	/	3946.0435
	=	19.11 %

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

Isramco Negev 2 LP (XTAE:ISRA) 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.

Isramco Negev 2 LP ROCE % Related Terms

Thank you for viewing the detailed overview of Isramco Negev 2 LP's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Isramco Negev 2 LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Isramco Negev 2 LP (XTAE:ISRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Granite Street, Petach Tikvah, ISR, 4951407

Website

Isramco Negev 2 LP is engaged in the oil and gas exploration and extraction. It works in cooperation with Isramco Oil and Gas Ltd. and Isramco Management Ltd. It holds interests in oil and gas properties in Israel.

Isramco Negev 2 LP Headlines

From GuruFocus

Israel Faces Economic Threat as Financial Exemption Deadline Looms

By GuruFocus News • 10-29-2024