Hiron-Trade Investments & Industrial Buildings (XTAE:HRON) ROCE % : 5.11% (As of Dec. 2023)

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What is Hiron-Trade Investments & Industrial Buildings 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. Hiron-Trade Investments & Industrial Buildings's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.11%.

Hiron-Trade Investments & Industrial Buildings ROCE % Historical Data

The historical data trend for Hiron-Trade Investments & Industrial Buildings'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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Hiron-Trade Investments & Industrial Buildings ROCE % Chart

Hiron-Trade Investments & Industrial Buildings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.75

8.71

16.39

12.34

8.04

Hiron-Trade Investments & Industrial Buildings 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															17.78	9.63	9.56	8.21	5.11

Hiron-Trade Investments & Industrial Buildings ROCE % Calculation

Hiron-Trade Investments & Industrial Buildings'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 )
	=	95.574	/	( ( (1260.225 - 76.606)	+	(1282.177 - 87.149) )	/ 2 )
	=	95.574	/	( (1183.619	+	1195.028)	/ 2 )
	=	95.574	/	1189.3235
	=	8.04 %

Hiron-Trade Investments & Industrial Buildings'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 )
	=	61.004	/	( ( (1286.077 - 94.827)	+	(1282.177 - 87.149) )	/ 2 )
	=	61.004	/	( ( 1191.25	+	1195.028 )	/ 2 )
	=	61.004	/	1193.139
	=	5.11 %

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

Hiron-Trade Investments & Industrial Buildings (XTAE:HRON) 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.

Hiron-Trade Investments & Industrial Buildings ROCE % Related Terms

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Hiron-Trade Investments & Industrial Buildings (XTAE:HRON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hiron-Trade Investments & Industrial Buildings Ltd (XTAE:HRON) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

20 Ben Zvi Street, Tel Aviv, Jaffa, ISR, 68162

Website

Hiron Trade Investments & Industrial Buildings Ltd. is engaged in real estate operations, import and export of wood, furniture, hardware and decorative items. It also engages in providing money lending services.

Hiron-Trade Investments & Industrial Buildings (XTAE:HRON) Headlines

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