Ryanair Holdings (Ryanair Holdings) ROCE %

: -0.66% (As of Dec. 2023)

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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. Ryanair Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.66%.

Ryanair Holdings ROCE % Historical Data

The historical data trend for Ryanair 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 10.65 [6] => 7.99 [7] => -11.96 [8] => -3.51 [9] => 15.98 )

Ryanair Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

10.65

7.99

-11.96

-3.51

15.98

Ryanair Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %																45.54	8.87	-6.77	65.43	-0.66

Ryanair Holdings ROCE % Calculation

Ryanair Holdings'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 )
	=	1626.66	/	( ( (16684.802 - 5945.705)	+	(17565.203 - 7946.039) )	/ 2 )
	=	1626.66	/	( (10739.097	+	9619.164)	/ 2 )
	=	1626.66	/	10179.1305
	=	15.98 %

Ryanair Holdings'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 )
	=	-82.444	/	( ( (17468.837 - 4843.543)	+	(16854.635 - 4673.501) )	/ 2 )
	=	-82.444	/	( ( 12625.294	+	12181.134 )	/ 2 )
	=	-82.444	/	12403.214
	=	-0.66 %

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

Ryanair Holdings (NAS:RYAAY) 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.

Ryanair Holdings ROCE % Related Terms

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Ryanair Holdings (Ryanair Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ryanair Holdings PLC (NAS:RYAAY) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Airside Business Park, Swords, Dublin, IRL, K67 NY94

Website

https://www.ryanair.com

Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.