Kardan Israel (XTAE:KRDI) ROCE % : 2.66% (As of Dec. 2023)

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What is Kardan Israel 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. Kardan Israel's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.66%.

Kardan Israel ROCE % Historical Data

The historical data trend for Kardan Israel'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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Kardan Israel ROCE % Chart

Kardan Israel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.73

7.37

12.80

15.47

7.42

Kardan Israel Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.77	9.74	9.38	6.93	2.66

Kardan Israel ROCE % Calculation

Kardan Israel'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 )
	=	117.702	/	( ( (2065.88 - 473.971)	+	(2197.706 - 615.183) )	/ 2 )
	=	117.702	/	( (1591.909	+	1582.523)	/ 2 )
	=	117.702	/	1587.216
	=	7.42 %

Kardan Israel'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 )
	=	43.372	/	( ( (2201.831 - 525.129)	+	(2197.706 - 615.183) )	/ 2 )
	=	43.372	/	( ( 1676.702	+	1582.523 )	/ 2 )
	=	43.372	/	1629.6125
	=	2.66 %

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

Kardan Israel (XTAE:KRDI) 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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Kardan Israel (XTAE:KRDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kardan Israel Ltd (XTAE:KRDI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

154 Menachem Begin Road, Tel Aviv, ISR, 64921

Website

http://www.kardan.com

Kardan Israel Ltd is an investment group. It develops and manages long term cash flow generating assets mainly in real estate, water infrastructure automotive, and high tech/telecom.

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