Shapir Engineering and Industry (XTAE:SPEN) ROCE % : 5.54% (As of Mar. 2024)

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What is Shapir Engineering and Industry 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. Shapir Engineering and Industry's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.54%.

Shapir Engineering and Industry ROCE % Historical Data

The historical data trend for Shapir Engineering and Industry'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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Shapir Engineering and Industry ROCE % Chart

Shapir Engineering and Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.87

11.03

11.13

9.75

7.10

Shapir Engineering and Industry Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.75	10.28	8.05	2.36	5.54

Shapir Engineering and Industry ROCE % Calculation

Shapir Engineering and Industry'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 )
	=	790	/	( ( (14328 - 3299)	+	(14860 - 3650) )	/ 2 )
	=	790	/	( (11029	+	11210)	/ 2 )
	=	790	/	11119.5
	=	7.10 %

Shapir Engineering and Industry's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	616	/	( ( (14860 - 3650)	+	(15114 - 4066) )	/ 2 )
	=	616	/	( ( 11210	+	11048 )	/ 2 )
	=	616	/	11129
	=	5.54 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Shapir Engineering and Industry (XTAE:SPEN) 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.

Shapir Engineering and Industry ROCE % Related Terms

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Shapir Engineering and Industry (XTAE:SPEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shapir Engineering and Industry Ltd (XTAE:SPEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Bareket Street, Petach Tikva, ISR, 49170

Website

http://www.shapir.co.il

Shapir Engineering and Industry Ltd is an Israel-based company which is active in engineering and construction industry. It is engaged in manufacturing and supplying of aggregates and road materials, concrete, concrete fabricated plant as well as asphalt for road paving. The company also manufactures ready mix concrete and building finishing products and prefabricated elements from prestressed and precast concrete. Shapir focuses on developing high-quality apartment buildings and other apartments in various projects through Israel.

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