GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lapidoth Capital Ltd (XTAE:LAPD) » Definitions » ROIC %

Lapidoth Capital (XTAE:LAPD) ROIC % : 6.17% (As of Dec. 2024)


View and export this data going back to 1994. Start your Free Trial

What is Lapidoth Capital ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Lapidoth Capital's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2024 was 6.17%.

As of today (2025-03-29), Lapidoth Capital's WACC % is 8.05%. Lapidoth Capital's ROIC % is 5.85% (calculated using TTM income statement data). Lapidoth Capital earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Lapidoth Capital ROIC % Historical Data

The historical data trend for Lapidoth Capital's ROIC % 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.

* Premium members only.

Lapidoth Capital ROIC % Chart

Lapidoth Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.73 7.77 5.48 7.19 6.25

Lapidoth Capital Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.29 5.56 5.86 5.64 6.17

Competitive Comparison of Lapidoth Capital's ROIC %

For the Engineering & Construction subindustry, Lapidoth Capital's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lapidoth Capital's ROIC % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lapidoth Capital's ROIC % distribution charts can be found below:

* The bar in red indicates where Lapidoth Capital's ROIC % falls into.


;
;

Lapidoth Capital ROIC % Calculation

Lapidoth Capital's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=406.275 * ( 1 - 21.29% )/( (5116.25 + 5117.527)/ 2 )
=319.7790525/5116.8885
=6.25 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7628.932 - 1127.094 - ( 1385.588 - max(0, 3472.117 - 5233.086+1385.588))
=5116.25

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7635.487 - 1173.166 - ( 1344.794 - max(0, 3405.137 - 4776.102+1344.794))
=5117.527

Lapidoth Capital's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2024 is calculated as:

ROIC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=413.788 * ( 1 - 15.49% )/( (5571.39 + 5759.139)/ 2 )
=349.6922388/5665.2645
=6.17 %

where

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8334.062 - 1570.386 - ( 1192.286 - max(0, 3632.086 - 5494.857+1192.286))
=5571.39

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8526.536 - 1348.846 - ( 1418.551 - max(0, 3828.873 - 5519.408+1418.551))
=5759.139

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

* 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.


Lapidoth Capital  (XTAE:LAPD) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Lapidoth Capital's WACC % is 8.05%. Lapidoth Capital's ROIC % is 5.85% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Lapidoth Capital ROIC % Related Terms

Thank you for viewing the detailed overview of Lapidoth Capital's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Lapidoth Capital Business Description

Traded in Other Exchanges
N/A
Address
19 Brodetsky Street, P.O.B. 17106, Tel Aviv, ISR, 69051
Lapidoth Capital Ltd through its subsidiaries is engaged in various fields, including contracting and entrepreneurial activity in Israel and abroad in the fields of construction and infrastructure, import and marketing of mobile phones and related accessories, international trade, investments in securities, oil and gas exploration and production, and water drilling. . The company generates majority of its revenue from construction and infrastructure contracting through its subsidiary Danya Cebus which has taken part in dozens of public construction, offices, commerce and industry projects for public entities and private entrepreneurs. It also includes infrastructure projects, including paving roads, building railway infrastructure, bridges, and related infrastructure development.

Lapidoth Capital Headlines

No Headlines