ACE Aviation Holdings (TSXV:ACE.H) ROCE % : -1.73% (As of Sep. 2023)

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What is ACE Aviation Holdings 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. ACE Aviation Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.73%.

ACE Aviation Holdings ROCE % Historical Data

The historical data trend for ACE Aviation Holdings'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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ACE Aviation Holdings ROCE % Chart

ACE Aviation Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

ROCE %

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-0.41

-0.31

-4.47

-4.14

-3.09

ACE Aviation Holdings Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Dec14	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-2.32	-	-1.73

ACE Aviation Holdings ROCE % Calculation

ACE Aviation Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-0.196	/	( ( (6.558 - 0.126)	+	(6.363 - 0.099) )	/ 2 )
	=	-0.196	/	( (6.432	+	6.264)	/ 2 )
	=	-0.196	/	6.348
	=	-3.09 %

ACE Aviation Holdings'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.108	/	( ( (6.212 - 0.007)	+	(6.274 - 0.019) )	/ 2 )
	=	-0.108	/	( ( 6.205	+	6.255 )	/ 2 )
	=	-0.108	/	6.23
	=	-1.73 %

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

ACE Aviation Holdings (TSXV:ACE.H) 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.

ACE Aviation Holdings ROCE % Related Terms

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ACE Aviation Holdings (TSXV:ACE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ACE Aviation Holdings Inc (TSXV:ACE.H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1155 Rene-Levesque Boulevard West, 40th Floor, Montreal, QC, CAN, H3B 3V2

Website

http://www.aceaviation.com

ACE Aviation Holdings Inc is an investment holding company that currently holds shares and warrants of Air Canada. It has shed its other businesses and is actively considering new investments or returning cash to shareholders.

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