Amir Marketing & Investments In Agriculture (XTAE:AMRK) ROCE % : 14.81% (As of Dec. 2023)

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What is Amir Marketing & Investments In Agriculture 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. Amir Marketing & Investments In Agriculture's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.81%.

Amir Marketing & Investments In Agriculture ROCE % Historical Data

The historical data trend for Amir Marketing & Investments In Agriculture'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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Amir Marketing & Investments In Agriculture ROCE % Chart

Amir Marketing & Investments In Agriculture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.89

10.94

17.85

1.32

10.92

Amir Marketing & Investments In Agriculture 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															-26.41	7.15	12.11	10.41	14.81

Amir Marketing & Investments In Agriculture ROCE % Calculation

Amir Marketing & Investments In Agriculture'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 )
	=	43.834	/	( ( (908.925 - 516.917)	+	(880.36 - 469.397) )	/ 2 )
	=	43.834	/	( (392.008	+	410.963)	/ 2 )
	=	43.834	/	401.4855
	=	10.92 %

Amir Marketing & Investments In Agriculture'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 )
	=	59.828	/	( ( (923.658 - 526.942)	+	(880.36 - 469.397) )	/ 2 )
	=	59.828	/	( ( 396.716	+	410.963 )	/ 2 )
	=	59.828	/	403.8395
	=	14.81 %

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

Amir Marketing & Investments In Agriculture (XTAE:AMRK) 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.

Amir Marketing & Investments In Agriculture ROCE % Related Terms

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Amir Marketing & Investments In Agriculture (XTAE:AMRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Amir Marketing & Investments In Agriculture Ltd (XTAE:AMRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Emek Hefer Industrial Park, Deer creek, Hefer, ISR, 38777

Website

http://www.amir-agricul.co.il

Amir Marketing & Investments In Agriculture Ltd markets and supplies agricultural products such as pesticides, insecticide, fertilizers, packages, technical equipment's, covers for the hothouses, pruning shears & other tools and irrigation equipment's. The company is also engaged in food mixtures for animals goats, sheeps, chickens, goose and more. Approximately 60% of the company's clients is private farmers and others are traders and private company.