SR Accord (XTAE:SRAC) ROCE % : 36.02% (As of Dec. 2023)

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What is SR Accord 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. SR Accord's annualized ROCE % for the quarter that ended in Dec. 2023 was 36.02%.

SR Accord ROCE % Historical Data

The historical data trend for SR Accord'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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SR Accord ROCE % Chart

SR Accord Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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61.69

30.37

23.69

22.64

20.54

SR Accord Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.01	15.32	13.08	18.23	36.02

SR Accord ROCE % Calculation

SR Accord'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 )
	=	104.524	/	( ( (1537.298 - 993.837)	+	(1267.586 - 793.197) )	/ 2 )
	=	104.524	/	( (543.461	+	474.389)	/ 2 )
	=	104.524	/	508.925
	=	20.54 %

SR Accord'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	171.9	/	( ( (1259.92 - 779.907)	+	(1267.586 - 793.197) )	/ 2 )
	=	171.9	/	( ( 480.013	+	474.389 )	/ 2 )
	=	171.9	/	477.201
	=	36.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

SR Accord (XTAE:SRAC) 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.

SR Accord ROCE % Related Terms

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SR Accord (XTAE:SRAC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SR Accord Ltd (XTAE:SRAC) » Definitions » ROCE %

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Address

Platinum House, 21 Ha'arbaa Street, Tel Aviv, ISR, 64739

Website

http://www.sr-accord.com

SR Accord Ltd provides financial services to multinational corporations, government agencies & private investors. It offers investment banking, underwriting, securities brokerage, venture capital, & asset management services, among others.