GLUX (Great Lakes Aviation) ROC %: -6.13% (As of Sep. 2015)

What is Great Lakes Aviation ROC %?

Great Lakes Aviation GLUX ROC % is -6.13% as of Sep. 2015.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Great Lakes Aviation's annualized return on capital (ROC %) for the quarter that ended in Sep. 2015 was -6.13%.

As of today (2026-06-26), Great Lakes Aviation's WACC % is 0.00%. Great Lakes Aviation's ROC % is 0.00% (calculated using TTM income statement data). Great Lakes Aviation earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Great Lakes Aviation (OTCPK:GLUX) 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, Great Lakes Aviation's WACC % is 0.00%. Great Lakes Aviation's ROC % is 0.00% (calculated using TTM income statement data). Great Lakes Aviation 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.

Great Lakes Aviation ROC % Related Terms

Great Lakes Aviation ROC % Historical Data

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The historical data trend for Great Lakes Aviation'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.

Great Lakes Aviation ROC % Chart

Great Lakes Aviation Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROC %

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7.33

4.65

8.38

3.90

-5.49

Great Lakes Aviation Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROC %	Get a 7-Day Free Trial															3.05	1.79	-5.01	-12.83	-6.13

Great Lakes Aviation ROC % Calculation

Great Lakes Aviation's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2014 is calculated as:

	ROC % (A: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2013 )	+	Invested Capital (A: Dec. 2014 ))	/ count )
=	-5.856 * ( 1 - 35.38% )	/	( (78.22	+	59.687)	/ 2 )
=	-3.7841472	/	68.9535
=	-5.49 %

where

	Invested Capital		(A: Dec. 2013 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	77.879	-	4.046	-	( 6.598	-	max(0, 31.383	-	26.996	+	6.598	))
=	78.22

	Invested Capital		(A: Dec. 2014 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	64.262	-	2.373	-	( 2.202	-	max(0, 4.309	-	17.153	+	2.202	))
=	59.687

Great Lakes Aviation's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2015 is calculated as:

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-4.448 * ( 1 - 0% )	/	( (72.377	+	72.663)	/ 2 )
=	-4.448	/	72.52
=	-6.13 %

where

	Invested Capital		(Q: Jun. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	59.113	-	2.549	-	( 0.555	-	max(0, 31.101	-	15.288	+	0.555	))
=	72.377

	Invested Capital		(Q: Sep. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	58.592	-	2.979	-	( 0.922	-	max(0, 32.857	-	15.807	+	0.922	))
=	72.663

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -6.13% mean?

Great Lakes Aviation (GLUX) has a ROC % of -6.13% as of Sep. 2015. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Great Lakes Aviation and its competitors.

Is Great Lakes Aviation's ROC % too high?

Great Lakes Aviation's current ROC % is -6.13%.

How does Great Lakes Aviation's ROC % compare to MESA?

Great Lakes Aviation's ROC % of -6.13% 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 Great Lakes Aviation 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. Great Lakes Aviation's current ROC % is -6.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Great Lakes Aviation stock overvalued right now?

Great Lakes Aviation (GLUX) has a current ROC % of -6.13%. The current ROC % is -6.13%. 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 Great Lakes Aviation (GLUX), the current ROC % is -6.13% as of Sep. 2015. 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.

Great Lakes Aviation Business Description

Industry Industrials Transportation

Comparable Companies TSXV:JET BOM:532617 LSE:FJET XTAE:KNFM ASX:REX TSE:9206 JSE:COM XKLS:5238 WAR:ENT XTAE:ELAL XKRX:091810 BKK:NOK ASX:AQZ MESA XKRX:298690 BKK:AAV XKRX:272450 MIC:UTAR BKK:BA BKK:THAI

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001

Website http://www.greatlakesav.com

Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.