Aegean Airlines (LTS:0OHY) ROCE % : 26.53% (As of Dec. 2023)

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What is Aegean Airlines 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. Aegean Airlines's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.53%.

Aegean Airlines ROCE % Historical Data

The historical data trend for Aegean Airlines'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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Aegean Airlines ROCE % Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.91

-32.11

2.35

16.01

19.63

Aegean Airlines Semi-Annual Data
	Jun14	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															21.00	-3.03	32.48	11.54	26.53

Aegean Airlines ROCE % Calculation

Aegean Airlines'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 )
	=	281.06	/	( ( (2020.374 - 698.064)	+	(2412.667 - 871.15) )	/ 2 )
	=	281.06	/	( (1322.31	+	1541.517)	/ 2 )
	=	281.06	/	1431.9135
	=	19.63 %

Aegean Airlines'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 )
	=	400.576	/	( ( (2469.618 - 991.781)	+	(2412.667 - 871.15) )	/ 2 )
	=	400.576	/	( ( 1477.837	+	1541.517 )	/ 2 )
	=	400.576	/	1509.677
	=	26.53 %

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

Aegean Airlines (LTS:0OHY) 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.

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Aegean Airlines (LTS:0OHY) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (LTS:0OHY) » Definitions » ROCE %

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AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.

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