Abu Dhabi Aviation Co (ADX:ADAVIATION) ROCE % : 9.66% (As of Dec. 2023)

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What is Abu Dhabi Aviation Co 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. Abu Dhabi Aviation Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.66%.

Abu Dhabi Aviation Co ROCE % Historical Data

The historical data trend for Abu Dhabi Aviation Co'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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Abu Dhabi Aviation Co ROCE % Chart

Abu Dhabi Aviation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.00

4.22

7.33

9.44

10.76

Abu Dhabi Aviation Co 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															8.87	9.21	10.93	13.27	9.66

Abu Dhabi Aviation Co ROCE % Calculation

Abu Dhabi Aviation Co'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 )
	=	544.411	/	( ( (5590.979 - 709.837)	+	(6045.934 - 807.206) )	/ 2 )
	=	544.411	/	( (4881.142	+	5238.728)	/ 2 )
	=	544.411	/	5059.935
	=	10.76 %

Abu Dhabi Aviation Co'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 )
	=	502.152	/	( ( (5866.025 - 712.37)	+	(6045.934 - 807.206) )	/ 2 )
	=	502.152	/	( ( 5153.655	+	5238.728 )	/ 2 )
	=	502.152	/	5196.1915
	=	9.66 %

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

Abu Dhabi Aviation Co (ADX:ADAVIATION) 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.

Abu Dhabi Aviation Co ROCE % Related Terms

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Abu Dhabi Aviation Co (ADX:ADAVIATION) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Abu Dhabi Aviation Co (ADX:ADAVIATION) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

P.O. Box 2723, Abu Dhabi, ARE

Website

https://ada.ae

Abu Dhabi Aviation Co is a commercial airline operator based in the Middle East. Its key revenue-generating segment is that of helicopters and fixed-wing aircraft operations within the United Arab Emirates. Among its other business segments are Commercial Aircraft Operations, Air Cargo, Investments, Helicopter and fixed wing operations and others. The firm generates revenue from the Helicopter & fixed wing operations. Other sources of revenue include training of pilots, rental income from investment properties and other management consultancy services.

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