ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Air Astana JSC's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -3.68%.
As of today (2026-06-27), Air Astana JSC's WACC % is 8.25%. Air Astana JSC's ROC % is 1.57% (calculated using TTM income statement data).
Air Astana JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Air Astana JSC (CHIX:AIRAl) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Air Astana JSC's WACC % is 8.25%. Air Astana JSC's ROC % is 1.57% (calculated using TTM income statement data).
Air Astana JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Air Astana JSC ROC % Related Terms
Air Astana JSC ROC % Historical Data
* Premium members only.
The historical data trend for Air Astana JSC's ROC % 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Air Astana JSC (CHIX:AIRAL) has a ROC % of -3.68% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Air Astana JSC and its competitors.
Is Air Astana JSC's ROC % too high?
Air Astana JSC's current ROC % is -3.68%. Overall, Air Astana JSC has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Air Astana JSC's ROC % compare to DAL and UAL?
Air Astana JSC's ROC % of -3.68% can be compared against companies in the Transportation industry. The industry median ROC % is 4.69. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Transportation company?
The median ROC % among Transportation companies is 4.69, based on 994 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Air Astana JSC and its competitors. For the Transportation industry, the median ROC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Astana JSC's current ROC % is -3.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Astana JSC stock overvalued right now?
Air Astana JSC (CHIX:AIRAL) has a current ROC % of -3.68%. The current ROC % is -3.68%. Air Astana JSC's overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Air Astana JSC (CHIX:AIRAL), the current ROC % is -3.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Air Astana JSC is an airline company engaged in providing scheduled and charter, point-to-point and transit, short-haul and long-haul passenger air transportation and cargo services on domestic, regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East, and Asia (including India and China). The group has two reportable segments. The Air Astana segment operates as a full-service airline brand providing domestic and international passenger and cargo transportation services. The FlyArystan segment operates as a low-cost airline brand providing scheduled short-haul and medium-haul passenger air transportation services across Kazakhstan and neighboring regions, including the Caucasus, Central Asia, Turkey, and the Middle East.
46GF Score
Get the complete analysis for CHIX:AIRAL
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:AIRAL has been successfully added to your 
