Hawaiian Holdings (Hawaiian Holdings) ROCE % : -20.78% (As of Mar. 2024)

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What is Hawaiian 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. Hawaiian Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -20.78%.

Hawaiian Holdings ROCE % Historical Data

The historical data trend for Hawaiian 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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Hawaiian Holdings ROCE % Chart

Hawaiian Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.53

-22.00

-2.41

-6.19

-8.78

Hawaiian Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-14.25	0.90	-5.88	-16.26	-20.78

Hawaiian Holdings ROCE % Calculation

Hawaiian Holdings'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 )
	=	-246.087	/	( ( (4139.623 - 1120.324)	+	(3733.525 - 1145.401) )	/ 2 )
	=	-246.087	/	( (3019.299	+	2588.124)	/ 2 )
	=	-246.087	/	2803.7115
	=	-8.78 %

Hawaiian Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-527.66	/	( ( (3733.525 - 1145.401)	+	(3790.913 - 1301.337) )	/ 2 )
	=	-527.66	/	( ( 2588.124	+	2489.576 )	/ 2 )
	=	-527.66	/	2538.85
	=	-20.78 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Hawaiian Holdings (NAS:HA) 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.

Hawaiian Holdings ROCE % Related Terms

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Hawaiian Holdings (Hawaiian Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hawaiian Holdings Inc (NAS:HA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1HW:Germany 1HW:Germany

Address

3375 Koapaka Street, Suite G-350, Honolulu, HI, USA, 96819

Website

https://www.hawaiianairlines.com

Hawaiian Holdings Inc provides air transportation for passengers and cargo. Its primary asset is the sole ownership of Hawaiian Airlines. Routes are principally focused on transportation between the Hawaiian Islands, United States, and the South Pacific, Australia, New Zealand, and Asia. In addition, it operates various charter flights. The company markets through several distribution channels, including its own website, travel agencies, and wholesale distributors. Partnerships have been established with other airlines to accommodate customers, and the company also participates in a frequent-flyer program.

Executives

Aaron J Alter	officer: Exec VP & Chief Legal Officer	3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Avi Mannis	officer: See Remarks	C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Brent Overbeek	officer: EVP. Chief Revenue Officer	C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Crystal Rose	director	47-460 WAIHEE PLACE, KANEOHE HI 96744
Daniel W. Akins	director	C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Richard N Zwern	director	3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Jonathan D. Snook	officer: Executive VP and COO	3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
William S Swelbar	director	C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET SUITE G, HONOLULU HI 96819
Wendy A. Beck	director	C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Craig Vosburg	director	2000 PURCHASE STREET, PURCHASE NY 10577
Mark D. Schneider	director	C/O HAWAIIAN HOLDINGS INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Donald J Carty	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Shannon Lei Okinaka	officer: SVP and Interim CFO	C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Theodoros Panagiotoulias	officer: SVP - Global Sales & Alliances	C/O HAWAIIAN AIRLINES INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
H Jayne Hrdlicka	director	C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819