Signature Aviation (LSE:SIG) ROCE % : 4.14% (As of Dec. 2020)

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What is Signature Aviation 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. Signature Aviation's annualized ROCE % for the quarter that ended in Dec. 2020 was 4.14%.

Signature Aviation ROCE % Historical Data

The historical data trend for Signature Aviation'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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Signature Aviation ROCE % Chart

Signature Aviation Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-0.50

6.00

4.90

5.24

2.47

Signature Aviation Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
ROCE %	Get a 7-Day Free Trial															3.68	5.33	4.22	0.68	4.14

Signature Aviation ROCE % Calculation

Signature Aviation's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	75.442	/	( ( (3620.282 - 545.011)	+	(3413.026 - 386.806) )	/ 2 )
	=	75.442	/	( (3075.271	+	3026.22)	/ 2 )
	=	75.442	/	3050.7455
	=	2.47 %

Signature Aviation's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Jun. 2020 )		(Q: Dec. 2020 )
	=	130.646	/	( ( (3775.195 - 493.382)	+	(3413.026 - 386.806) )	/ 2 )
	=	130.646	/	( ( 3281.813	+	3026.22 )	/ 2 )
	=	130.646	/	3154.0165
	=	4.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2020) EBIT data.

Signature Aviation (LSE:SIG) 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.

Signature Aviation ROCE % Related Terms

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Signature Aviation (LSE:SIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Signature Aviation PLC (LSE:SIG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Wigmore Street, London, GBR, W1U 1QY

Website

https://www.signatureaviation.com

Signature Aviation is a United Kingdom-based global aviation support and aftermarket services provider that focuses on servicing the business and general aviation market. The group, including Signature FBO, TechnicAir, and Epic fuels, provides full-service flight and home-base support through the fixed-base operation network for business and general aviation users. The company operates through three segments: owner operators, fractional owner operators, and charter operators. Epic provides fuel and fuel-related services at fixed-base networks across North America, including fuel purchasing cards and transaction processing. The company generates most of its revenue in North America.