UTair Aviation JSC (MIC:UTAR) ROCE % : 1.38% (As of Jun. 2023)

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What is UTair Aviation JSC 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. UTair Aviation JSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 1.38%.

UTair Aviation JSC ROCE % Historical Data

The historical data trend for UTair Aviation JSC'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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UTair Aviation JSC ROCE % Chart

UTair Aviation JSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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16.02

4.07

-110.67

UTair Aviation JSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial															-	-	54.32	82.29	1.38

UTair Aviation JSC ROCE % Calculation

UTair Aviation JSC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	10344.515	/	( ( (76762.662 - 92457.455)	+	(86106.365 - 74290.25) )	/ 2 )
	=	10344.515	/	( (-15694.793	+	11816.115)	/ 2 )
	=	10344.515	/	-1939.339
	=	-533.40 %

UTair Aviation JSC's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	963.586	/	( ( (0 - 0)	+	(104673.075 - 34784.136) )	/ 1 )
	=	963.586	/	( ( 0	+	69888.939 )	/ 1 )
	=	963.586	/	69888.939
	=	1.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

UTair Aviation JSC (MIC:UTAR) 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.

UTair Aviation JSC ROCE % Related Terms

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UTair Aviation JSC (MIC:UTAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » UTair Aviation JSC (MIC:UTAR) » Definitions » ROCE %

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Address

Khanty-Mansiysk, Airport, Tyumenoblast, RUS, 628012

Website

https://www.utair.ru

UTair Aviation JSC is engaged in the business of passenger and cargo transportation using airplane and helicopter services. It serves primarily Russian oil and gas companies and the United Nations Organisation (UN) outside Russia and offers services such as air transportation, catering, airport services, aircraft repairs, and aeronautical personnel training. UTair operates more than 400 aircraft and its operation is performed in Russia, CIS, and non-CIS countries.

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