Delta Air Lines (LIM:DAL) ROCE % : 2.79% (As of Mar. 2024)

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What is Delta Air Lines 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. Delta Air Lines's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.79%.

Delta Air Lines ROCE % Historical Data

The historical data trend for Delta Air Lines'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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Delta Air Lines ROCE % Chart

Delta Air Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.11

-29.20

3.12

6.02

13.77

Delta Air Lines 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															-2.45	22.47	15.14	21.37	2.79

Delta Air Lines ROCE % Calculation

Delta Air Lines'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 )
	=	6442	/	( ( (72288 - 25940)	+	(73644 - 26418) )	/ 2 )
	=	6442	/	( (46348	+	47226)	/ 2 )
	=	6442	/	46787
	=	13.77 %

Delta Air Lines'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 )
	=	1308	/	( ( (73644 - 26418)	+	(74969 - 28478) )	/ 2 )
	=	1308	/	( ( 47226	+	46491 )	/ 2 )
	=	1308	/	46858.5
	=	2.79 %

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

Delta Air Lines (LIM:DAL) 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.

Delta Air Lines ROCE % Related Terms

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Delta Air Lines (LIM:DAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Delta Air Lines Inc (LIM:DAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DAL:USA DAL:Mexico OYC:Germany DEAI34:Brazil DAL:Austria

Address

Post Office Box 20706, Atlanta, GA, USA, 30320-6001

Website

https://www.delta.com

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul.