AIREA (LSE:AIEA) ROCE % : 2.29% (As of Jun. 2024)

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What is AIREA 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. AIREA's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.29%.

AIREA ROCE % Historical Data

The historical data trend for AIREA'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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AIREA ROCE % Chart

AIREA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.19

2.93

8.09

7.72

7.29

AIREA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															7.56	8.00	8.36	6.54	2.29

AIREA ROCE % Calculation

AIREA'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 )
	=	1.59	/	( ( (25.147 - 4.258)	+	(27.479 - 4.717) )	/ 2 )
	=	1.59	/	( (20.889	+	22.762)	/ 2 )
	=	1.59	/	21.8255
	=	7.29 %

AIREA'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 )
	=	0.514	/	( ( (27.479 - 4.717)	+	(26.443 - 4.367) )	/ 2 )
	=	0.514	/	( ( 22.762	+	22.076 )	/ 2 )
	=	0.514	/	22.419
	=	2.29 %

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

AIREA (LSE:AIEA) 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.

AIREA ROCE % Related Terms

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AIREA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AIREA PLC (LSE:AIEA) » Definitions » ROCE %

Traded in Other Exchanges

AIEA.GB:UK

Address

Victoria Mills, The Green, Ossett, West Yorkshire, GBR, WF5 0AN

Website

https://www.aireaplc.com

AIREA PLC is a UK based specialist flooring company. It focuses on manufacturing, marketing and distribution of floor coverings. Its product portfolio includes contract carpets, carpet tiles, tufted carpet, and floor coverings. It markets under brand name of Burmatex. It also offers standard carpet ranges through retail outlets and a range of spanning fiber bonded and tufted carpet in sheet and tile. The company aims at meetings architects, contractors for the education, leisure, commercial and healthcare sector requirements across the United Kingdom, Republic of Ireland and North America.

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