Global Crossing Airlines Group (Global Crossing Airlines Group) ROCE % : -20.93% (As of Mar. 2024)

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What is Global Crossing Airlines 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. Global Crossing Airlines Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -20.93%.

Global Crossing Airlines Group ROCE % Historical Data

The historical data trend for Global Crossing Airlines 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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Global Crossing Airlines Group ROCE % Chart

Global Crossing Airlines Group Annual Data

Trend

Apr14

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-399.34

-146.52

-142.68

-59.57

-31.23

Global Crossing Airlines Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-74.26	-70.82	-17.69	-6.87	-20.93

Global Crossing Airlines Group ROCE % Calculation

Global Crossing Airlines 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 )
	=	-15.867	/	( ( (51.164 - 27.866)	+	(131.328 - 53.027) )	/ 2 )
	=	-15.867	/	( (23.298	+	78.301)	/ 2 )
	=	-15.867	/	50.7995
	=	-31.23 %

Global Crossing Airlines Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-18.476	/	( ( (131.328 - 53.027)	+	(150.463 - 52.198) )	/ 2 )
	=	-18.476	/	( ( 78.301	+	98.265 )	/ 2 )
	=	-18.476	/	88.283
	=	-20.93 %

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

Global Crossing Airlines Group (OTCPK:JETBF) 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.

Global Crossing Airlines Group ROCE % Related Terms

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Global Crossing Airlines Group (Global Crossing Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (OTCPK:JETBF) » Definitions » ROCE %

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Traded in Other Exchanges

JETMF:USA EZ70:Germany JET.B:Canada JET:Canada

Address

4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166

Website

https://www.globalairlinesgroup.com

Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet. The company operates wet lease and ACMI flights for airlines and charter operations for tour operators, professional and college teams, and other groups.