Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) ROCE % : 78.89% (As of Dec. 2023)

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What is Aeroflot Russian Airlines PJSC 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. Aeroflot Russian Airlines PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 78.89%.

Aeroflot Russian Airlines PJSC ROCE % Historical Data

The historical data trend for Aeroflot Russian Airlines PJSC'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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Aeroflot Russian Airlines PJSC ROCE % Chart

Aeroflot Russian Airlines PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.46

-13.84

-0.15

-0.72

6.98

Aeroflot Russian Airlines PJSC Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-72.24	-26.20	6.86	78.89

Aeroflot Russian Airlines PJSC ROCE % Calculation

Aeroflot Russian Airlines PJSC'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 )
	=	692.475	/	( ( (15639.297 - 4385.294)	+	(12346.381 - 3763.759) )	/ 2 )
	=	692.475	/	( (11254.003	+	8582.622)	/ 2 )
	=	692.475	/	9918.3125
	=	6.98 %

Aeroflot Russian Airlines PJSC'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 )
	=	6346.668	/	( ( (11483.889 - 3977.34)	+	(12346.381 - 3763.759) )	/ 2 )
	=	6346.668	/	( ( 7506.549	+	8582.622 )	/ 2 )
	=	6346.668	/	8044.5855
	=	78.89 %

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

Aeroflot Russian Airlines PJSC (OTCPK:AERAY) 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.

Aeroflot Russian Airlines PJSC ROCE % Related Terms

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Aeroflot Russian Airlines PJSC (Aeroflot Russian Airlines PJSC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aeroflot Russian Airlines PJSC (OTCPK:AERAY) » Definitions » ROCE %

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AFLT:Russia

Address

1, Arbat Street, Moscow, RUS, 119019

Website

https://www.aeroflot.ru

Aeroflot Russian Airlines PJSC is Russia's largest airline group, and accounts for approximately one third of Russia's air-travel market. It provides scheduled and chartered flights. Passengers may buy tickets through websites, online booking systems, sales offices, and authorized agents. Domestic routes throughout Russia comprise the majority of total passengers. Additionally, it provides international routes to many different regions. The company's lone operating segment is passenger traffic. Outside of Russia, Europe books the next-highest number of passengers at around one fifth the total amount. The Russian Federation owns roughly half of the company.

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