More Provident Funds And Pension (XTAE:MPP) ROCE % : 18.64% (As of Dec. 2024)

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What is More Provident Funds And Pension 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. More Provident Funds And Pension's annualized ROCE % for the quarter that ended in Dec. 2024 was 18.64%.

More Provident Funds And Pension ROCE % Historical Data

The historical data trend for More Provident Funds And Pension'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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More Provident Funds And Pension ROCE % Chart

More Provident Funds And Pension Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-69.38

0.58

5.31

16.19

19.60

More Provident Funds And Pension Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															22.74	19.76	11.53	26.07	18.64

More Provident Funds And Pension ROCE % Calculation

More Provident Funds And Pension'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 )
	=	82.934	/	( ( (505.753 - 68.796)	+	(503.446 - 94.147) )	/ 2 )
	=	82.934	/	( (436.957	+	409.299)	/ 2 )
	=	82.934	/	423.128
	=	19.60 %

More Provident Funds And Pension'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 )
	=	79.252	/	( ( (536.081 - 95.145)	+	(503.446 - 94.147) )	/ 2 )
	=	79.252	/	( ( 440.936	+	409.299 )	/ 2 )
	=	79.252	/	425.1175
	=	18.64 %

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

More Provident Funds And Pension (XTAE:MPP) 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.

More Provident Funds And Pension ROCE % Related Terms

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More Provident Funds And Pension Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » More Provident Funds And Pension Ltd (XTAE:MPP) » Definitions » ROCE %

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N/A

Address

Ben Gurion Road 2, PO Box: 514956465, Ramat Gan, ISR, 5257334

Website

https://www.moreinvest.co.il

More Provident Funds And Pension Ltd, formerly More Provident Funds Ltd offers variety of long-term savings routes at different risk levels. The company offers provident funds, study funds and investment provident funds.

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