Shagrir Group Vehicle Services (XTAE:SHGR) ROCE % : 12.08% (As of Sep. 2024)

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What is Shagrir Group Vehicle Services 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. Shagrir Group Vehicle Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.08%.

Shagrir Group Vehicle Services ROCE % Historical Data

The historical data trend for Shagrir Group Vehicle Services'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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Shagrir Group Vehicle Services ROCE % Chart

Shagrir Group Vehicle Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.54

6.04

0.64

3.47

4.53

Shagrir Group Vehicle Services 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															4.77	6.55	11.58	6.83	12.08

Shagrir Group Vehicle Services ROCE % Calculation

Shagrir Group Vehicle Services'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 )
	=	14.526	/	( ( (499.674 - 166.879)	+	(483.954 - 175.679) )	/ 2 )
	=	14.526	/	( (332.795	+	308.275)	/ 2 )
	=	14.526	/	320.535
	=	4.53 %

Shagrir Group Vehicle Services'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 )
	=	36.436	/	( ( (479.516 - 177.966)	+	(490.247 - 188.585) )	/ 2 )
	=	36.436	/	( ( 301.55	+	301.662 )	/ 2 )
	=	36.436	/	301.606
	=	12.08 %

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

Shagrir Group Vehicle Services (XTAE:SHGR) 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.

Shagrir Group Vehicle Services ROCE % Related Terms

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Shagrir Group Vehicle Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shagrir Group Vehicle Services Ltd (XTAE:SHGR) » Definitions » ROCE %

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SRRPF:USA

Address

8 Hanefach Street, Holon, ISR, 58117018

Website

http://www.shagrir.co.il

Shagrir Group Vehicle Services Ltd provides roadside automobile security assistance services as well as towing services. Its services are road services, towing, vehicle replacement and alternative radio services. The company provided 24/7 service to private subscribers, leasing and rental companies, and institutions fleets.

Shagrir Group Vehicle Services Headlines

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