Lapidoth Heletz LP (XTAE:LPHL) ROCE % : -5.30% (As of Dec. 2023)

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What is Lapidoth Heletz 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. Lapidoth Heletz LP's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.30%.

Lapidoth Heletz LP ROCE % Historical Data

The historical data trend for Lapidoth Heletz 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.

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Lapidoth Heletz LP ROCE % Chart

Lapidoth Heletz LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.01

-3.75

-2.52

-2.49

-2.46

Lapidoth Heletz LP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-16.01	2.92	-7.85	0.28	-5.30

Lapidoth Heletz LP ROCE % Calculation

Lapidoth Heletz 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 )
	=	-3.104	/	( ( (133.203 - 4.169)	+	(127.467 - 3.941) )	/ 2 )
	=	-3.104	/	( (129.034	+	123.526)	/ 2 )
	=	-3.104	/	126.28
	=	-2.46 %

Lapidoth Heletz LP'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-6.556	/	( ( (128.972 - 4.948)	+	(127.467 - 3.941) )	/ 2 )
	=	-6.556	/	( ( 124.024	+	123.526 )	/ 2 )
	=	-6.556	/	123.775
	=	-5.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Lapidoth Heletz LP (XTAE:LPHL) 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.

Lapidoth Heletz LP ROCE % Related Terms

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Lapidoth Heletz LP (XTAE:LPHL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lapidoth Heletz LP (XTAE:LPHL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

19 Brodetsky Street, Ramat Aviv, Tel Aviv., ISR, 69051

Website

https://www.lapidoth.co.il

Lapidoth Heletz LP is an Israel based company. It is engaged in designing & operation of onshore oil or gas drilling & production activities. It offers drilling, logging, cementing, petrophysics, reservoir engineering, logistics, research drilling, soil sampling, & production services.

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