Gol Linhas Aereas Inteligentes (STU:GOQN) ROCE % : 763.66% (As of Mar. 2024)

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What is Gol Linhas Aereas Inteligentes 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. Gol Linhas Aereas Inteligentes's annualized ROCE % for the quarter that ended in Mar. 2024 was 763.66%.

Gol Linhas Aereas Inteligentes ROCE % Historical Data

The historical data trend for Gol Linhas Aereas Inteligentes'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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Gol Linhas Aereas Inteligentes ROCE % Chart

Gol Linhas Aereas Inteligentes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.35

-91.49

-178.85

36.48

66.81

Gol Linhas Aereas Inteligentes 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															191.61	205.76	-38.11	-50.19	763.66

Gol Linhas Aereas Inteligentes ROCE % Calculation

Gol Linhas Aereas Inteligentes'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 )
	=	419.758	/	( ( (3054.095 - 2494.57)	+	(3130.316 - 2433.255) )	/ 2 )
	=	419.758	/	( (559.525	+	697.061)	/ 2 )
	=	419.758	/	628.293
	=	66.81 %

Gol Linhas Aereas Inteligentes'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 )
	=	3621.556	/	( ( (3130.316 - 2433.255)	+	(3570.458 - 3319.042) )	/ 2 )
	=	3621.556	/	( ( 697.061	+	251.416 )	/ 2 )
	=	3621.556	/	474.2385
	=	763.66 %

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

Gol Linhas Aereas Inteligentes (STU:GOQN) 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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Gol Linhas Aereas Inteligentes (STU:GOQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gol Linhas Aereas Inteligentes SA (STU:GOQN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GOL:USA GOQN:Germany GOLL4:Brazil

Address

S/N, Portaria 3, Jardim Aeroporto, Praca Comandante Linneu Gomes, Sao Paulo, SP, BRA, 04626-020

Website

https://www.voegol.com.br

Gol Intelligent Airlines Inc is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operate both domestic and international flights from which the majority of revenues come in from domestic operations.

Gol Linhas Aereas Inteligentes (STU:GOQN) Headlines

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