Corporacion America Airports (Corporacion America Airports) ROCE % : 0.69% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Corporacion America Airports 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. Corporacion America Airports's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.69%.

Corporacion America Airports ROCE % Historical Data

The historical data trend for Corporacion America Airports'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.

* Premium members only.

Corporacion America Airports ROCE % Chart

Corporacion America Airports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.21

-8.83

1.24

11.95

9.89

Corporacion America Airports 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															5.89	11.20	14.54	11.56	0.69

Corporacion America Airports ROCE % Calculation

Corporacion America Airports'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 )
	=	297.411	/	( ( (3835.788 - 676.319)	+	(3541.976 - 685.928) )	/ 2 )
	=	297.411	/	( (3159.469	+	2856.048)	/ 2 )
	=	297.411	/	3007.7585
	=	9.89 %

Corporacion America Airports'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 )
	=	21.524	/	( ( (4056.254 - 632.344)	+	(3541.976 - 685.928) )	/ 2 )
	=	21.524	/	( ( 3423.91	+	2856.048 )	/ 2 )
	=	21.524	/	3139.979
	=	0.69 %

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

Corporacion America Airports (NYSE:CAAP) 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.

Corporacion America Airports ROCE % Related Terms

Thank you for viewing the detailed overview of Corporacion America Airports's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Corporacion America Airports (Corporacion America Airports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Corporacion America Airports SA (NYSE:CAAP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

128, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2330

Website

https://www.caap.aero

Corporacion America Airports SA acquires, develops and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.