Mediterranean Towers (XTAE:MDTR) ROCE % : 10.62% (As of Dec. 2023)

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What is Mediterranean Towers 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. Mediterranean Towers's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.62%.

Mediterranean Towers ROCE % Historical Data

The historical data trend for Mediterranean Towers'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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Mediterranean Towers ROCE % Chart

Mediterranean Towers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.39

0.67

20.56

7.80

12.17

Mediterranean Towers 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															-11.12	18.86	15.94	5.25	10.62

Mediterranean Towers ROCE % Calculation

Mediterranean Towers'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 )
	=	347.421	/	( ( (5080.189 - 2521.36)	+	(5691.75 - 2539.493) )	/ 2 )
	=	347.421	/	( (2558.829	+	3152.257)	/ 2 )
	=	347.421	/	2855.543
	=	12.17 %

Mediterranean Towers'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 )
	=	325.76	/	( ( (5519.281 - 2536.782)	+	(5691.75 - 2539.493) )	/ 2 )
	=	325.76	/	( ( 2982.499	+	3152.257 )	/ 2 )
	=	325.76	/	3067.378
	=	10.62 %

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

Mediterranean Towers (XTAE:MDTR) 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.

Mediterranean Towers ROCE % Related Terms

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Mediterranean Towers (XTAE:MDTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mediterranean Towers Ltd (XTAE:MDTR) » Definitions » ROCE %

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Address

Derech Hayam 5, Ganei Tikva, Lod, ISR

Website

http://www.migdalei.co.il

Mediterranean Towers Ltd is engaged in developing, constructing and managing housing for senior citizens. It operates and manages more than thousand housing units in Savyon, Bat Yam, Ramat Hasharon, Nordea, Kfar Saba and Ganei Tikva.

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