Fly Play hf (OISE:PLAY) ROCE % : 15.84% (As of Sep. 2023)

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What is Fly Play hf 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. Fly Play hf's annualized ROCE % for the quarter that ended in Sep. 2023 was 15.84%.

Fly Play hf ROCE % Historical Data

The historical data trend for Fly Play hf'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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Fly Play hf ROCE % Chart

Fly Play hf Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-43.82

-30.53

-21.25

Fly Play hf Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									2.56	-25.94	-26.84	1.06	15.84

Fly Play hf ROCE % Calculation

Fly Play hf'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 )
	=	-6090.229	/	( ( (28204.639 - 4336.284)	+	(45812.361 - 12359.155) )	/ 2 )
	=	-6090.229	/	( (23868.355	+	33453.206)	/ 2 )
	=	-6090.229	/	28660.7805
	=	-21.25 %

Fly Play hf'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	7828.42	/	( ( (72984.894 - 23547.584)	+	(68248.372 - 18854.044) )	/ 2 )
	=	7828.42	/	( ( 49437.31	+	49394.328 )	/ 2 )
	=	7828.42	/	49415.819
	=	15.84 %

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

Fly Play hf (OISE:PLAY) 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.

Fly Play hf ROCE % Related Terms

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Fly Play hf (OISE:PLAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fly Play hf (OISE:PLAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Suourlandsbraut 14, Reykjavik, ISL, 108

Website

https://www.flyplay.com

Fly Play hf is a low-cost airline operating flights between Iceland and Europe using Keflavik International Airport as a hub to facilitate connections for passengers, and cargo.