JAG (Job Aire Group) ROCE %: 11.52% (As of Jun. 2024)


What is Job Aire Group ROCE %?

Job Aire Group JAG ROCE % is 11.52% as of Jun. 2024.

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. Job Aire Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.52%.

Job Aire Group  (AMEX:JAG) 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.

Job Aire Group ROCE % Related Terms

Job Aire Group ROCE % Historical Data

* Premium members only.

The historical data trend for Job Aire 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.

Job Aire Group ROCE % Chart

Job Aire Group Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
62.82 16.80 112.14

Job Aire Group Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only 0.00 35.92 8.24 25.39 11.52

Job Aire Group ROCE % Calculation

Job Aire Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=3.875/( ( (3.149 - 1.625) + (5.91 - 0.523) )/ 2 )
=3.875/( (1.524+5.387)/ 2 )
=3.875/3.4555
=112.14 %

Job Aire Group'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: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=0.656/( ( (6.945 - 1.334) + (6.691 - 0.918) )/ 2 )
=0.656/( ( 5.611 + 5.773 )/ 2 )
=0.656/5.692
=11.52 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 11.52% mean?
Job Aire Group (JAG) has a ROCE % of 11.52% as of Jun. 2024.
Is Job Aire Group's ROCE % too high?
Job Aire Group's current ROCE % is 11.52%. The Transportation industry median ROCE % is 7.73. Job Aire Group's value of 11.52% is 49% above this industry median.
How does Job Aire Group's ROCE % compare to ?
Job Aire Group's ROCE % of 11.52% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. Job Aire Group's value of 11.52% is 49% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Job Aire Group's current ROCE % of 11.52% is 49% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Job Aire Group's current ROCE % is 11.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Job Aire Group stock overvalued right now?
Job Aire Group (JAG) has a current ROCE % of 11.52%. The current ROCE % is 11.52% and 49% above the Transportation industry median of 7.73. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Job Aire Group (JAG), the current ROCE % is 11.52% as of Jun. 2024. 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.

Job Aire Group Business Description

Comparable Companies
Address 7493 N Oracle Road, Suite 221, Tucson, AZ, USA, 85704
Job Aire Group Inc operates as an aviation company by providing pilot services. The company provides staff, and technicians for aircraft, engine inspection, audit, hard-core aeronautical engineering, and aircraft maintenance marketing.