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Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) ROE % : 16.81% (As of Dec. 2022)


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What is Atlas Air Worldwide Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Atlas Air Worldwide Holdings's annualized net income for the quarter that ended in Dec. 2022 was $504 Mil. Atlas Air Worldwide Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $2,999 Mil. Therefore, Atlas Air Worldwide Holdings's annualized ROE % for the quarter that ended in Dec. 2022 was 16.81%.

The historical rank and industry rank for Atlas Air Worldwide Holdings's ROE % or its related term are showing as below:

AAWW's ROE % is not ranked *
in the Transportation industry.
Industry Median: 8.435
* Ranked among companies with meaningful ROE % only.

Atlas Air Worldwide Holdings ROE % Historical Data

The historical data trend for Atlas Air Worldwide Holdings's ROE % 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.

* Premium members only.

Atlas Air Worldwide Holdings ROE % Chart

Atlas Air Worldwide Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.03 -15.19 17.78 19.46 12.12

Atlas Air Worldwide Holdings Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.02 11.71 12.55 8.29 16.81

Competitive Comparison of Atlas Air Worldwide Holdings's ROE %

For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Atlas Air Worldwide Holdings's ROE % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Atlas Air Worldwide Holdings's ROE % falls into.



Atlas Air Worldwide Holdings ROE % Calculation

Atlas Air Worldwide Holdings's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=355.88/( (2809.337+3064.776)/ 2 )
=355.88/2937.0565
=12.12 %

Atlas Air Worldwide Holdings's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as

ROE %=Net Income (Q: Dec. 2022 )/( (Total Stockholders Equity (Q: Sep. 2022 )+Total Stockholders Equity (Q: Dec. 2022 ))/ count )
=504.044/( (2932.744+3064.776)/ 2 )
=504.044/2998.76
=16.81 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2022) net income data. ROE % is displayed in the 30-year financial page.


Atlas Air Worldwide Holdings  (NAS:AAWW) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=504.044/2998.76
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(504.044 / 4829.692)*(4829.692 / 6469.5235)*(6469.5235 / 2998.76)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.44 %*0.7465*2.1574
=ROA %*Equity Multiplier
=7.79 %*2.1574
=16.81 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=504.044/2998.76
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (504.044 / 651.632) * (651.632 / 786.212) * (786.212 / 4829.692) * (4829.692 / 6469.5235) * (6469.5235 / 2998.76)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7735 * 0.8288 * 16.28 % * 0.7465 * 2.1574
=16.81 %

Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Atlas Air Worldwide Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2000 Westchester Avenue, Purchase, NY, USA, 10577-2543
Atlas Air Worldwide Holdings Inc is a provider of outsourced aircraft and aviation operating services and the outsourced airfreight provider in the world. Company operates a fleet of 747 freighters and provides customers with a broad array of 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America and South America. The company's business is organized into two operating segments based on service offerings: 1) Airline Operations include providing cargo aircraft outsourcing services to customers on an ACMI, CMI and Charter basis. 2) Dry Leasing business provides aircraft and engines to customers, including CMI customers, for a fixed monthly amount.
Executives
John W Dietrich officer: SVP/Gen Cnsl/Secretary, other: Chf. HR Off
Walter G Borst director 2701 NAVISTAR DRIVE, LISLE IL 60532
Raymond L. Conner director ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
George Willis director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Adam Richard Kokas officer: Sr. V.P., Gen. Counsel & Secy. C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Michael Steen officer: SVP & Chief Marketing Officer 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
John K Wulff director C/O HERCULES INC, 1313 NORTH MARKET STREET, WILMINGTON DE 19894-0001
Keith H. Mayer officer: Vice President & Controller ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Duncan J. Mcnabb director C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Sheila A Stamps director C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
James Anthony Forbes officer: EVP & COO C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Carol J Zierhoffer director 100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
Beverly K. Goulet, director 10990 ROE AVENUE, OVERLAND PARK KS 66211
William J Flynn director, officer: Pres. & CEO C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Spencer Schwartz officer: Vice President & Controller C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577