Neto Malinda Trading (XTAE:NTML) ROCE % : 9.34% (As of Dec. 2023)

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What is Neto Malinda Trading 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. Neto Malinda Trading's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.34%.

Neto Malinda Trading ROCE % Historical Data

The historical data trend for Neto Malinda Trading'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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Neto Malinda Trading ROCE % Chart

Neto Malinda Trading Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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14.44

17.74

24.44

26.78

15.26

Neto Malinda Trading 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															2.36	10.96	9.36	12.02	9.34

Neto Malinda Trading ROCE % Calculation

Neto Malinda Trading's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	182.08	/	( ( (1701.533 - 600.532)	+	(1915.532 - 630.124) )	/ 2 )
	=	182.08	/	( (1101.001	+	1285.408)	/ 2 )
	=	182.08	/	1193.2045
	=	15.26 %

Neto Malinda Trading'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 )
	=	126.628	/	( ( (2179.21 - 832.552)	+	(1917.461 - 553.3) )	/ 2 )
	=	126.628	/	( ( 1346.658	+	1364.161 )	/ 2 )
	=	126.628	/	1355.4095
	=	9.34 %

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

Neto Malinda Trading (XTAE:NTML) 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.

Neto Malinda Trading ROCE % Related Terms

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Neto Malinda Trading (XTAE:NTML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Neto Malinda Trading Ltd (XTAE:NTML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Meir Ezra Street, P.O Box 655, Kiryat Malachi, ISR, 75864

Website

http://www.neto.org.il

Neto Malinda Trading Ltd is a food conglomerates in Israel. It operates in food processing sector. The Company imports and exports food products, produces fish products, imports canned goods and produces products under Williger brand. Its brands include Tibon Veal, Delidag, Williger, Three Bakers, Rich's, Bikorey Hasade Darom. It also owns and operates cold storage for frozen and chilled products.

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