Pegasus Hava Tasimaciligi AS (IST:PGSUS) ROCE %

: 6.79% (As of Dec. 2023)

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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. Pegasus Hava Tasimaciligi AS's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.79%.

Pegasus Hava Tasimaciligi AS ROCE % Historical Data

The historical data trend for Pegasus Hava Tasimaciligi AS'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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Pegasus Hava Tasimaciligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

13.76

-7.59

-3.17

15.01

12.71

Pegasus Hava Tasimaciligi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																23.95	1.33	13.03	32.23	6.79

Pegasus Hava Tasimaciligi AS ROCE % Calculation

Pegasus Hava Tasimaciligi AS'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 )
	=	15236.696	/	( ( (95803.046 - 20759.664)	+	(201955.08 - 37183.795) )	/ 2 )
	=	15236.696	/	( (75043.382	+	164771.285)	/ 2 )
	=	15236.696	/	119907.3335
	=	12.71 %

Pegasus Hava Tasimaciligi AS'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 )
	=	9834.744	/	( ( (161658.742 - 36903.872)	+	(201955.08 - 37183.795) )	/ 2 )
	=	9834.744	/	( ( 124754.87	+	164771.285 )	/ 2 )
	=	9834.744	/	144763.0775
	=	6.79 %

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

Pegasus Hava Tasimaciligi AS (IST:PGSUS) 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.

Pegasus Hava Tasimaciligi AS ROCE % Related Terms

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Pegasus Hava Tasimaciligi AS (IST:PGSUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pegasus Hava Tasimaciligi AS (IST:PGSUS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aeropark, Yeni?ehir Mahallesi, Osmanl? Bulvar?, No: 11/A, Kurtkoy-Pendik, Istanbul, TUR, 34912

Website

https://www.flypgs.com

Pegasus Hava Tasimaciligi AS is one of the leading airlines in Turkey. It provides domestic and international routes and focuses on providing high-frequency services on short- and medium-haul flights. Scheduled and chartered flights are offered, and the company generates additional revenues by providing ancillary services. In-flight beverages and food, excess baggage, reservation changes, seat selection, and other services are provided to customers at an extra charge. The company is managed as a single business unit, and resource-allocation decisions are based on the entire route network. Approximately half of the total revenue is derived from international scheduled flights. Destinations across Europe make up the majority of international flights.

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