Regional Express Holdings (ASX:REX) ROCE % : 1.45% (As of Dec. 2023)

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What is Regional Express Holdings 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. Regional Express Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.45%.

Regional Express Holdings ROCE % Historical Data

The historical data trend for Regional Express Holdings'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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Regional Express Holdings ROCE % Chart

Regional Express Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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12.90

-13.53

-1.89

-17.80

3.72

Regional Express Holdings 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															-29.74	-6.43	-5.55	11.42	1.45

Regional Express Holdings ROCE % Calculation

Regional Express Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	15.289	/	( ( (495.584 - 143.619)	+	(652.673 - 181.552) )	/ 2 )
	=	15.289	/	( (351.965	+	471.121)	/ 2 )
	=	15.289	/	411.543
	=	3.72 %

Regional Express Holdings'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 )
	=	7.278	/	( ( (652.673 - 181.552)	+	(737.161 - 207.494) )	/ 2 )
	=	7.278	/	( ( 471.121	+	529.667 )	/ 2 )
	=	7.278	/	500.394
	=	1.45 %

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

Regional Express Holdings (ASX:REX) 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.

Regional Express Holdings ROCE % Related Terms

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Regional Express Holdings (ASX:REX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Regional Express Holdings Ltd (ASX:REX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81-83 Baxter Road, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.rex.com.au

Regional Express Holdings Ltd is an Australian-based airline company. The company is engaged in the provision of air services for the transportation of passengers and freight. Its operating segment includes Regular public transport, Charter and other, and Training. The company generates maximum revenue from the Regular public transport segment. Some of its services include Web Check-in; Print Invoices; Safe Hand Baggage; Travel Insurance and others.