Deutsche Lufthansa AG (WBO:LHA) ROCE %

: 7.44% (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. Deutsche Lufthansa AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.44%.

Deutsche Lufthansa AG ROCE % Historical Data

The historical data trend for Deutsche Lufthansa AG'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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Deutsche Lufthansa AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

9.27

-31.90

-8.21

6.45

11.37

Deutsche Lufthansa AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																9.26	-6.33	19.73	26.42	7.44

Deutsche Lufthansa AG ROCE % Calculation

Deutsche Lufthansa AG'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 )
	=	2910	/	( ( (43335 - 17708)	+	(45321 - 19750) )	/ 2 )
	=	2910	/	( (25627	+	25571)	/ 2 )
	=	2910	/	25599
	=	11.37 %

Deutsche Lufthansa AG'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 )
	=	1884	/	( ( (46591 - 21527)	+	(45321 - 19750) )	/ 2 )
	=	1884	/	( ( 25064	+	25571 )	/ 2 )
	=	1884	/	25317.5
	=	7.44 %

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

Deutsche Lufthansa AG (WBO:LHA) 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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Deutsche Lufthansa AG (WBO:LHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Deutsche Lufthansa AG (WBO:LHA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DLAKY:USA DLAKF:USA LHA:Romania LHA:Italy LUFTHANSA:Hungary LHAd:UK 0H4A:UK LHA:Germany

Address

Lufthansa Aviation Center, Airportring, Frankfurt, HE, DEU, 60546

Website

https://www.lufthansagroup.com

Deutsche Lufthansa AG is a European airline group. The company's segment includes Passenger Airlines; Logistics; MRO and Catering. It generates maximum revenue from the Passenger Airlines segment. The Passenger Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

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