BOC Aviation (HKSE:02588) ROCE % : 2.93% (As of Dec. 2023)

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What is BOC Aviation 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. BOC Aviation's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.93%.

BOC Aviation ROCE % Historical Data

The historical data trend for BOC Aviation'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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BOC Aviation ROCE % Chart

BOC Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.56

3.90

3.61

3.92

2.75

BOC Aviation Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.10	4.91	2.98	2.71	2.93

BOC Aviation ROCE % Calculation

BOC Aviation'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 )
	=	4294.757	/	( ( (171834.483 - 21169.094)	+	(188759.828 - 26566.55) )	/ 2 )
	=	4294.757	/	( (150665.389	+	162193.278)	/ 2 )
	=	4294.757	/	156429.3335
	=	2.75 %

BOC Aviation'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	4545.632	/	( ( (179513.044 - 31000.045)	+	(188759.828 - 26566.55) )	/ 2 )
	=	4545.632	/	( ( 148512.999	+	162193.278 )	/ 2 )
	=	4545.632	/	155353.1385
	=	2.93 %

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

BOC Aviation (HKSE:02588) 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.

BOC Aviation ROCE % Related Terms

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BOC Aviation (HKSE:02588) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BOC Aviation Ltd (HKSE:02588) » Definitions » ROCE %

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BCVVF:USA

Address

79 Robinson Road, No. 15-01, Singapore, SGP, 068897

Website

https://www.bocaviation.com

BOC Aviation is the world's fifth-largest aircraft leasing company by net book value of owned aircraft, with a portfolio of more than 600 commercial passenger and cargo aircraft. The company was founded in 1993 in Singapore as a joint venture between Singapore Airlines and U.S.-based Boullioun Aviation Services. In 2006, the company was acquired by the Bank of China and took on its current name. Listed on the Stock Exchange of Hong Kong in 2016, BOC Aviation remains headquartered in Singapore, but has operations in Dublin, London, New York, and Tianjin. Bank of China remains its largest shareholder with a 70% stake. BOC Aviation has an international management team with its key leaders having more than 30 years of experience in the aircraft and leasing business.

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