Jet2 (LSE:JET2) ROCE % : 52.37% (As of Sep. 2023)

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What is Jet2 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. Jet2's annualized ROCE % for the quarter that ended in Sep. 2023 was 52.37%.

Jet2 ROCE % Historical Data

The historical data trend for Jet2'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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Jet2 ROCE % Chart

Jet2 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.21

10.97

-17.42

-15.22

19.01

Jet2 Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-16.45	-13.09	38.73	-3.86	52.37

Jet2 ROCE % Calculation

Jet2's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	435.5	/	( ( (3993.5 - 1681.9)	+	(4526.1 - 2256.5) )	/ 2 )
	=	435.5	/	( (2311.6	+	2269.6)	/ 2 )
	=	435.5	/	2290.6
	=	19.01 %

Jet2's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	1387.4	/	( ( (4526.1 - 2256.5)	+	(5253.3 - 2224.8) )	/ 2 )
	=	1387.4	/	( ( 2269.6	+	3028.5 )	/ 2 )
	=	1387.4	/	2649.05
	=	52.37 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Jet2 (LSE:JET2) 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.

Jet2 ROCE % Related Terms

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Jet2 (LSE:JET2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jet2 PLC (LSE:JET2) » Definitions » ROCE %

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DRTGF:USA JET2:UK DG1:Germany

Address

Low Fare Finder House, Leeds Bradford Airport, Leeds, GBR, LS19 7TU

Website

https://www.jet2plc.com

Jet2 PLC provides licensed packages for leisure flights and stays at a multitude of vacation destinations. The company reports in one operating segment: leisure travel. The leisure travel segment delivers scheduled flights by its airline, Jet2.com, to the Mediterranean, Canary Islands, and other European vacation destinations. It utilizes licensed package holidays by its tour operator, Jet2holidays, to offer hotel accommodations and other useful amenities. It revenue through Package holidays and operates mainly in United Kingdom.

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