Bet Shemesh Engines Holdings (1997) (XTAE:BSEN) ROCE % : 19.96% (As of Mar. 2024)

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What is Bet Shemesh Engines Holdings (1997) 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. Bet Shemesh Engines Holdings (1997)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 19.96%.

Bet Shemesh Engines Holdings (1997) ROCE % Historical Data

The historical data trend for Bet Shemesh Engines Holdings (1997)'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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Bet Shemesh Engines Holdings (1997) ROCE % Chart

Bet Shemesh Engines Holdings (1997) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.36

4.68

0.32

5.45

46.04

Bet Shemesh Engines Holdings (1997) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.64	11.68	160.63	9.73	19.96

Bet Shemesh Engines Holdings (1997) ROCE % Calculation

Bet Shemesh Engines Holdings (1997)'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 )
	=	327.05	/	( ( (957.09 - 279.992)	+	(1067.004 - 323.313) )	/ 2 )
	=	327.05	/	( (677.098	+	743.691)	/ 2 )
	=	327.05	/	710.3945
	=	46.04 %

Bet Shemesh Engines Holdings (1997)'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 )
	=	149.96	/	( ( (1067.004 - 323.313)	+	(1079.419 - 320.58) )	/ 2 )
	=	149.96	/	( ( 743.691	+	758.839 )	/ 2 )
	=	149.96	/	751.265
	=	19.96 %

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

Bet Shemesh Engines Holdings (1997) (XTAE:BSEN) 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.

Bet Shemesh Engines Holdings (1997) ROCE % Related Terms

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Bet Shemesh Engines Holdings (1997) (XTAE:BSEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bet Shemesh Engines Holdings (1997) Ltd (XTAE:BSEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

D.N HaElah, Bet Shemesh, ISR, 99000

Website

http://www.bsel.co.il

Bet Shemesh Engines Holdings (1997) Ltd manufactures and deals in jet engine parts, engines overhaul and customer support. The company's manufacturing division produces jet engine complex parts, Casting Division produces air foils and structural parts for the most advanced engines. The Maintenance, Repair & Overhaul (MRO) Division provides support services to well reputed civil and government aircraft operators. R&D and Engineering Division designs gas turbine engines, modules and other parts.

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