Air Astana JSC (LSE:AIRA) ROCE % : 4.54% (As of Dec. 2023)

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What is Air Astana JSC 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. Air Astana JSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.54%.

Air Astana JSC ROCE % Historical Data

The historical data trend for Air Astana JSC'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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Air Astana JSC ROCE % Chart

Air Astana JSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-11.85

12.85

17.62

15.53

Air Astana JSC Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	39.82	15.73	32.92	4.54

Air Astana JSC ROCE % Calculation

Air Astana JSC'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 )
	=	136.447	/	( ( (1250.875 - 400.008)	+	(1362.444 - 455.948) )	/ 2 )
	=	136.447	/	( (850.867	+	906.496)	/ 2 )
	=	136.447	/	878.6815
	=	15.53 %

Air Astana JSC'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 )
	=	40.86	/	( ( (1342.997 - 450.403)	+	(1362.444 - 455.948) )	/ 2 )
	=	40.86	/	( ( 892.594	+	906.496 )	/ 2 )
	=	40.86	/	899.545
	=	4.54 %

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

Air Astana JSC (LSE:AIRA) 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.

Air Astana JSC ROCE % Related Terms

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Air Astana JSC (LSE:AIRA) Business Description

Industry

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AIRA:Kazakhstan

Address

4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 010000

Website

https://www.airastana.com

Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.

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