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Jazeera Airways Co KSC (KUW:JAZEERA) ROCE % : 25.86% (As of Sep. 2024)


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What is Jazeera Airways Co KSC 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. Jazeera Airways Co KSC's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.86%.


Jazeera Airways Co KSC ROCE % Historical Data

The historical data trend for Jazeera Airways Co KSC'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.

* Premium members only.

Jazeera Airways Co KSC ROCE % Chart

Jazeera Airways Co KSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.30 -17.52 8.84 15.15 6.69

Jazeera Airways Co KSC Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.40 -11.50 -1.39 14.34 25.86

Jazeera Airways Co KSC ROCE % Calculation

Jazeera Airways Co KSC'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 )
=13.489/( ( (272.098 - 75.4) + (286.436 - 79.942) )/ 2 )
=13.489/( (196.698+206.494)/ 2 )
=13.489/201.596
=6.69 %

Jazeera Airways Co KSC's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=57.592/( ( (298.516 - 82.513) + (314.964 - 85.612) )/ 2 )
=57.592/( ( 216.003 + 229.352 )/ 2 )
=57.592/222.6775
=25.86 %

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


Jazeera Airways Co KSC  (KUW:JAZEERA) 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.


Jazeera Airways Co KSC ROCE % Related Terms

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Jazeera Airways Co KSC Business Description

Traded in Other Exchanges
N/A
Address
Kuwait international Airport, P.O. Box 29288, Safat, Kuwait City, KWT, 13153
Jazeera Airways Co KSC is a Kuwait-based company which is involved in the business of air transportation and commercial passenger services. The company serves its customer by providing air transportation services including people air transportation, cargo, goods and mails, and aircraft-related services. In addition, the company also provides technical support, handling, and maintenance of aircraft, customs brokerage services, and the establishment of aircraft service stations, warehouses, hangars, workshops, factories, machinery, devices. It operates a fleet of Airbus A320 aircraft with two-class cabins and serves around 19 destinations across the Middle East. The Company's operating segments are the operation of passenger airline service and operation and maintenance of Terminal.

Jazeera Airways Co KSC Headlines

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