Era Group (Era Group) ROCE % : -2.64% (As of Mar. 2020)

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What is Era Group 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. Era Group's annualized ROCE % for the quarter that ended in Mar. 2020 was -2.64%.

Era Group ROCE % Historical Data

The historical data trend for Era Group'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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Era Group ROCE % Chart

Era Group Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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3.88

-0.21

-16.10

3.92

-0.12

Era Group Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
ROCE %	Get a 7-Day Free Trial															-1.76	-0.66	1.05	0.91	-2.64

Era Group ROCE % Calculation

Era Group's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.873	/	( ( (764.863 - 28.804)	+	(764.515 - 50.776) )	/ 2 )
	=	-0.873	/	( (736.059	+	713.739)	/ 2 )
	=	-0.873	/	724.899
	=	-0.12 %

Era Group's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	-18.724	/	( ( (764.515 - 50.776)	+	(752.51 - 48.097) )	/ 2 )
	=	-18.724	/	( ( 713.739	+	704.413 )	/ 2 )
	=	-18.724	/	709.076
	=	-2.64 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

Era Group (NYSE:ERA) 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.

Era Group ROCE % Related Terms

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Era Group (Era Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Era Group Inc (NYSE:ERA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

945 Bunker Hill Road, Suite 650, Houston, TX, USA, 77024

Website

https://www.eragroupinc.com

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities. The company also leases helicopters to third parties and foreign affiliates; engineers, manufactures, and distributes after-market helicopter parts and accessories; and provides classroom instruction, flight simulator, and other training services.