Shikun & Binui Energy (XTAE:SBEN) ROCE % : 12.25% (As of Mar. 2024)

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What is Shikun & Binui Energy 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. Shikun & Binui Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.25%.

Shikun & Binui Energy ROCE % Historical Data

The historical data trend for Shikun & Binui Energy'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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Shikun & Binui Energy ROCE % Chart

Shikun & Binui Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-0.89

8.03

7.56

9.19

Shikun & Binui Energy Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									13.75	16.09	10.17	-2.66	12.25

Shikun & Binui Energy ROCE % Calculation

Shikun & Binui Energy'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 )
	=	409.345	/	( ( (4810.025 - 416.692)	+	(4758.08 - 247.118) )	/ 2 )
	=	409.345	/	( (4393.333	+	4510.962)	/ 2 )
	=	409.345	/	4452.1475
	=	9.19 %

Shikun & Binui Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	560.492	/	( ( (4758.08 - 247.118)	+	(4933.008 - 295.241) )	/ 2 )
	=	560.492	/	( ( 4510.962	+	4637.767 )	/ 2 )
	=	560.492	/	4574.3645
	=	12.25 %

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

Shikun & Binui Energy (XTAE:SBEN) 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.

Shikun & Binui Energy ROCE % Related Terms

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Shikun & Binui Energy (XTAE:SBEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shikun & Binui Energy Ltd (XTAE:SBEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1A Ha-Yarden Street, P.O.B 1133, Airport City, ISR, 7010000

Website

https://www.shikunbinui.com

Shikun & Binui Energy Ltd engages in the development, financing, construction and operation of power generation plants based on energies, such as: solar energy, hydro, wind and natural gas - in Israel and around the globe. It develops utility-scale long-term projects, taking an end-to-end approach, from the initiation stage to financing, construction, operation, and maintenance of the project.

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