ACKDF (Auckland International Airport) ROCE % : 3.73% (As of Jun. 2024)

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What is Auckland International Airport 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. Auckland International Airport's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.73%.

Auckland International Airport ROCE % Historical Data

The historical data trend for Auckland International Airport'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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Auckland International Airport ROCE % Chart

Auckland International Airport Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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3.14

6.72

2.22

1.06

3.77

Auckland International Airport Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															2.11	0.61	1.53	3.90	3.73

Auckland International Airport ROCE % Calculation

Auckland International Airport's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	255.187	/	( ( (6643.742 - 365.767)	+	(7621.977 - 347.391) )	/ 2 )
	=	255.187	/	( (6277.975	+	7274.586)	/ 2 )
	=	255.187	/	6776.2805
	=	3.77 %

Auckland International Airport's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	260.896	/	( ( (7058.805 - 352.894)	+	(7621.977 - 347.391) )	/ 2 )
	=	260.896	/	( ( 6705.911	+	7274.586 )	/ 2 )
	=	260.896	/	6990.2485
	=	3.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Auckland International Airport (OTCPK:ACKDF) 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.

Auckland International Airport ROCE % Related Terms

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Auckland International Airport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Auckland International Airport Ltd (OTCPK:ACKDF) » Definitions » ROCE %

Comparable Companies

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AUKNY:USA AIA:New Zealand BZTA:Germany AIA:Australia

Address

4 Leonard Isitt Drive, Auckland Airport Business District, Manukau, NTL, NZL, 2022

Website

https://www.aucklandairport.co.nz

Auckland Airport is New Zealand's largest airport, handling about 75% of the country's international arrivals and departures. It owns over 1,500 hectares of land, and hosts unregulated ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities are set to materially expand capacity over the next decade. The airport also has a 25% stake in the small, but fast-growing Queenstown airport on New Zealand's South Island.