Frontier Group Holdings (FRA:0VN) ROCE % : -2.85% (As of Mar. 2024)

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What is Frontier Group 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. Frontier Group Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.85%.

Frontier Group Holdings ROCE % Historical Data

The historical data trend for Frontier Group 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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Frontier Group Holdings ROCE % Chart

Frontier Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.45

-13.31

-4.36

-1.23

1.04

Frontier Group Holdings Quarterly Data
	Mar17	Dec18	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															-2.28	11.69	-5.62	0.60	-2.85

Frontier Group Holdings ROCE % Calculation

Frontier Group Holdings'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 )
	=	30.261	/	( ( (4247.056 - 1467.92)	+	(4578.581 - 1520.386) )	/ 2 )
	=	30.261	/	( (2779.136	+	3058.195)	/ 2 )
	=	30.261	/	2918.6655
	=	1.04 %

Frontier Group Holdings'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 )
	=	-88.32	/	( ( (4578.581 - 1520.386)	+	(4789.52 - 1653.24) )	/ 2 )
	=	-88.32	/	( ( 3058.195	+	3136.28 )	/ 2 )
	=	-88.32	/	3097.2375
	=	-2.85 %

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

Frontier Group Holdings (FRA:0VN) 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.

Frontier Group Holdings ROCE % Related Terms

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Frontier Group Holdings (FRA:0VN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Group Holdings Inc (FRA:0VN) » Definitions » ROCE %

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ULCC:USA

Address

4545 Airport Way, Denver, CO, USA, 80239

Website

https://www.FlyFrontier.com

Frontier Group Holdings Inc is an ultra low-cost carrier whose business is focused on Low Fares Done Right. The company owns fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos and 4 A321neos. The use of these aircraft, its seating configuration, weight-saving tactics and baggage process have all contributed to ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers.

Frontier Group Holdings (FRA:0VN) Headlines

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