Flughafen Zuerich AG (XSWX:FHZN) ROCE % : 9.56% (As of Dec. 2023)

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What is Flughafen Zuerich AG 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. Flughafen Zuerich AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.56%.

Flughafen Zuerich AG ROCE % Historical Data

The historical data trend for Flughafen Zuerich 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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Flughafen Zuerich AG ROCE % Chart

Flughafen Zuerich AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.89

-1.45

0.32

5.68

8.67

Flughafen Zuerich AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															2.56	3.61	7.96	8.24	9.56

Flughafen Zuerich AG ROCE % Calculation

Flughafen Zuerich 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 )
	=	392.7	/	( ( (5215.8 - 661.4)	+	(5105.9 - 606.2) )	/ 2 )
	=	392.7	/	( (4554.4	+	4499.7)	/ 2 )
	=	392.7	/	4527.05
	=	8.67 %

Flughafen Zuerich 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	420.8	/	( ( (4933.4 - 634)	+	(5105.9 - 606.2) )	/ 2 )
	=	420.8	/	( ( 4299.4	+	4499.7 )	/ 2 )
	=	420.8	/	4399.55
	=	9.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Flughafen Zuerich AG (XSWX:FHZN) 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.

Flughafen Zuerich AG ROCE % Related Terms

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Flughafen Zuerich AG (XSWX:FHZN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flughafen Zuerich AG (XSWX:FHZN) » Definitions » ROCE %

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UZAPF:USA FLGZY:USA FHZNz:UK 0RG6:UK

Address

Zurich-Flughafen, Postfach, Zurich, CHE, CH-8058

Website

https://www.flughafen-zuerich.ch

Flughafen Zuerich AG owns and operates Zurich Airport, and offers services to international, domestic, and regional flights. Its services provided for passengers encompass activities related to the departure, arrival, and transfer areas at the airport. Revenue is split between aviation (majority of total revenue) and nonaviation services. Aviation services primarily derive from passenger and landing charges. Nonaviation services refer to retail and parking charges, sales from facility management, and other services provided at the airport. Passengers traveling within Europe cover approximately three fourths of total passengers, with many tourist cities being popular destinations.

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