Air Arabia PJSC (DFM:AIRARABIA) ROCE % : 9.36% (As of Dec. 2023)

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What is Air Arabia 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. Air Arabia PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.36%.

Air Arabia PJSC ROCE % Historical Data

The historical data trend for Air Arabia 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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Air Arabia PJSC ROCE % Chart

Air Arabia PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.87

-0.56

8.73

12.81

15.48

Air Arabia PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.57	14.13	18.99	20.76	9.36

Air Arabia PJSC ROCE % Calculation

Air Arabia 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 )
	=	1650.153	/	( ( (14437.063 - 3706.945)	+	(14674.544 - 4083.235) )	/ 2 )
	=	1650.153	/	( (10730.118	+	10591.309)	/ 2 )
	=	1650.153	/	10660.7135
	=	15.48 %

Air Arabia 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 )
	=	998.76	/	( ( (14786.785 - 4032.417)	+	(14674.544 - 4083.235) )	/ 2 )
	=	998.76	/	( ( 10754.368	+	10591.309 )	/ 2 )
	=	998.76	/	10672.8385
	=	9.36 %

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

Air Arabia PJSC (DFM:AIRARABIA) 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.

Air Arabia PJSC ROCE % Related Terms

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Air Arabia PJSC (DFM:AIRARABIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Arabia PJSC (DFM:AIRARABIA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

P.O. Box 132, Sharjah, ARE

Website

https://www.airarabia.com

Air Arabia PJSC is a group of airlines and companies offering travel and tourism services around the world. It consists of a handful of international hubs located in North Africa and the Middle East. Additionally, it provides ground handling and MRO (maintenance, repair, and overhaul), flight simulators and training, and hospitality services. Flight destinations are spread across North Africa, the Middle East, Asia, and Europe.

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