Kobenhavns Lufthavne (OCSE:KBHL) ROCE % : 1.13% (As of Dec. 2023)

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What is Kobenhavns Lufthavne 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. Kobenhavns Lufthavne's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.13%.

Kobenhavns Lufthavne ROCE % Historical Data

The historical data trend for Kobenhavns Lufthavne'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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Kobenhavns Lufthavne ROCE % Chart

Kobenhavns Lufthavne Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.51

-6.20

-3.95

3.54

5.86

Kobenhavns Lufthavne Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.92	0.19	11.42	13.55	1.13

Kobenhavns Lufthavne ROCE % Calculation

Kobenhavns Lufthavne'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 )
	=	656	/	( ( (15271 - 6732)	+	(15520 - 1667) )	/ 2 )
	=	656	/	( (8539	+	13853)	/ 2 )
	=	656	/	11196
	=	5.86 %

Kobenhavns Lufthavne's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	156	/	( ( (15333 - 1547)	+	(15520 - 1667) )	/ 2 )
	=	156	/	( ( 13786	+	13853 )	/ 2 )
	=	156	/	13819.5
	=	1.13 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Kobenhavns Lufthavne (OCSE:KBHL) 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.

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Kobenhavns Lufthavne (OCSE:KBHL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kobenhavns Lufthavne (OCSE:KBHL) » Definitions » ROCE %

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KLH:Germany

Address

Lufthavnsboulevarden 6, Kastrup, DNK, 2770

Website

https://www.cph.dk

Kobenhavns Lufthavne formerly Copenhagen Airports A/S owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two segments; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.

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