SAS AB (OCSE:SAS DKK) ROCE % : 3.81% (As of Jan. 2024)

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What is SAS AB 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. SAS AB's annualized ROCE % for the quarter that ended in Jan. 2024 was 3.81%.

SAS AB ROCE % Historical Data

The historical data trend for SAS AB'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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SAS AB ROCE % Chart

SAS AB Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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6.57

-31.06

-14.47

-15.41

-5.42

SAS AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-17.12	-7.14	20.28	-17.02	3.81

SAS AB ROCE % Calculation

SAS AB's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1200.939	/	( ( (42919.203 - 16172.936)	+	(35768.138 - 18168.451) )	/ 2 )
	=	-1200.939	/	( (26746.267	+	17599.687)	/ 2 )
	=	-1200.939	/	22172.977
	=	-5.42 %

SAS AB's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	644.6	/	( ( (35768.138 - 18168.451)	+	(35751.481 - 19472.709) )	/ 2 )
	=	644.6	/	( ( 17599.687	+	16278.772 )	/ 2 )
	=	644.6	/	16939.2295
	=	3.81 %

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

SAS AB (OCSE:SAS DKK) 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.

SAS AB ROCE % Related Terms

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SAS AB (OCSE:SAS DKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SAS AB (OCSE:SAS DKK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAS:Sweden SASNO:Norway 0O1W:UK SSV2:Germany

Address

Frosundaviks Alle 1, Solna, Stockholm, SWE, SE-195 87

Website

https://www.sasgroup.net

SAS AB is a Scandinavian airline that offers transportation to many domestic and international destinations. Its target audience is frequent business and leisure travelers, and the airline attempts to develop services that make travel easier. Loyalty programs coupled with new applications and bundled packages give customers increased access and various options to plan a trip. Passenger traffic throughout Denmark, Norway, and Sweden account for approximately one-third of total revenue, but the airline does have a worldwide reach. Partnerships with other airlines enhance their global destination network and help customers use different airlines at numerous airports.

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