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Athens International Airport (ATH:AIA) ROCE % : 0.00% (As of Sep. 2023)


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What is Athens International Airport 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. Athens International Airport's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Athens International Airport ROCE % Historical Data

The historical data trend for Athens International Airport'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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Athens International Airport ROCE % Chart

Athens International Airport Annual Data
Trend Dec19 Dec20 Dec21 Dec22
ROCE %
14.19 -0.63 10.56 12.17

Athens International Airport Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Sep23
ROCE % Get a 7-Day Free Trial - - - 11.36 -

Athens International Airport ROCE % Calculation

Athens International Airport's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=258.506/( ( (2224.519 - 177.658) + (2427.923 - 226.686) )/ 2 )
=258.506/( (2046.861+2201.237)/ 2 )
=258.506/2124.049
=12.17 %

Athens International Airport'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: Dec. 2022 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Dec. 2022 )(Q: Sep. 2023 )
=0/( ( (2427.923 - 226.686) + (2433.908 - 493.577) )/ 2 )
=0/( ( 2201.237 + 1940.331 )/ 2 )
=0/2070.784
=0.00 %

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

* 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.

Athens International Airport  (ATH:AIA) 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.

Athens International Airport ROCE % Related Terms

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Athens International Airport (ATH:AIA) Business Description

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Athens International Airport SA is a company active in the financing, construction and operation of civil airports and related activities. As a civil airport operator, the Company manages the AIA at Spata, Greece.