Japan Airlines Co (TSE:9201) ROCE % : 3.98% (As of Mar. 2024)

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What is Japan Airlines Co 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. Japan Airlines Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.98%.

Japan Airlines Co ROCE % Historical Data

The historical data trend for Japan Airlines Co'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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Japan Airlines Co ROCE % Chart

Japan Airlines Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.89

-25.49

-13.44

3.55

8.21

Japan Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.77	7.75	12.77	8.03	3.98

Japan Airlines Co ROCE % Calculation

Japan Airlines Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	154512	/	( ( (2520603 - 669578)	+	(2649232 - 737200) )	/ 2 )
	=	154512	/	( (1851025	+	1912032)	/ 2 )
	=	154512	/	1881528.5
	=	8.21 %

Japan Airlines Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	75920	/	( ( (2621541 - 718374)	+	(2649232 - 737200) )	/ 2 )
	=	75920	/	( ( 1903167	+	1912032 )	/ 2 )
	=	75920	/	1907599.5
	=	3.98 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Japan Airlines Co (TSE:9201) 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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Japan Airlines Co (TSE:9201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Airlines Co Ltd (TSE:9201) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JAPSY:USA JAL:Germany

Address

Nomura Real Estate Building, 2-4-11 Higashi-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-8637

Website

http://www.jal.com

Japan Airlines is an international air transport services company. It offers scheduled and nonscheduled air transport services and aerial work services. The company operates large aircraft, medium-size aircraft, small aircraft, and regional jets. JAL's route network comprises over 100 domestic routes and over 50 international routes. The airline flies to over 50 countries and regions and connects over 300 airports.

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