Azrieli Group (XTAE:AZRG) ROCE % : 11.59% (As of Dec. 2023)

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What is Azrieli Group 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. Azrieli Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.59%.

Azrieli Group ROCE % Historical Data

The historical data trend for Azrieli Group'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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Azrieli Group ROCE % Chart

Azrieli Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.93

1.08

11.53

7.59

8.03

Azrieli Group 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															4.28	6.94	8.22	5.91	11.59

Azrieli Group ROCE % Calculation

Azrieli Group'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 )
	=	3720	/	( ( (48474 - 4628)	+	(54072 - 5318) )	/ 2 )
	=	3720	/	( (43846	+	48754)	/ 2 )
	=	3720	/	46300
	=	8.03 %

Azrieli Group'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 )
	=	5484	/	( ( (51242 - 5376)	+	(54072 - 5318) )	/ 2 )
	=	5484	/	( ( 45866	+	48754 )	/ 2 )
	=	5484	/	47310
	=	11.59 %

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

Azrieli Group (XTAE:AZRG) 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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Azrieli Group (XTAE:AZRG) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Azrieli Group Ltd (XTAE:AZRG) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1 Azrieli Center, Tel Aviv, ISR, 6702101

Website

https://www.azrieli.com

Azrieli Group Ltd manages and operates companies that own properties across Israel, subsidiaries in the energy, water, and environment industries, a card company, and a bank. The company's income-producing properties include shopping malls, office towers, industrial buildings, and residential properties. In addition to owning properties in Israel, the portfolio consists of a minor number of international properties. Under the energy business, holdings include marketing and distribution of refined oil and water desalination, wastewater purification, and sludge treatment facilities.

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