Shikun & Binui (XTAE:SKBN) ROCE % : 12.33% (As of Sep. 2024)

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What is Shikun & Binui 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's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.33%.

Shikun & Binui ROCE % Historical Data

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

Shikun & Binui Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.01

5.52

6.40

7.04

9.32

Shikun & Binui 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															36.92	-9.75	6.52	2.45	12.33

Shikun & Binui ROCE % Calculation

Shikun & Binui'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 )
	=	1410	/	( ( (26120 - 12088)	+	(27928 - 11714) )	/ 2 )
	=	1410	/	( (14032	+	16214)	/ 2 )
	=	1410	/	15123
	=	9.32 %

Shikun & Binui'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 )
	=	1868	/	( ( (27821 - 12869)	+	(28658 - 13322) )	/ 2 )
	=	1868	/	( ( 14952	+	15336 )	/ 2 )
	=	1868	/	15144
	=	12.33 %

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

Shikun & Binui (XTAE:SKBN) 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.

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Shikun & Binui Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shikun & Binui Ltd (XTAE:SKBN) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1A Hayarden Street, P.O.B 1133, Airport City, ISR, 7010000

Website

https://www.shikunbinui.com

Shikun & Binui Ltd is an Israel-based company that carries out public-private partnership projects that focus on the financing, construction, and operation of infrastructure and civil engineering projects; development and construction of residential buildings and commercial projects; operation of rental properties; development of power generation facilities based on solar photovoltaic energy; solar thermal energy; and operation of water desalination and purification initiatives. The construction segments make up the majority of the company's revenue. Shikun & Binui's key areas of operation are the Americas, Africa, Europe, and Israel.

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