Finnair Oyj (OHEL:FIA) ROCE % : -1.64% (As of Mar. 2024)

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What is Finnair Oyj 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. Finnair Oyj's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.64%.

Finnair Oyj ROCE % Historical Data

The historical data trend for Finnair Oyj'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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Finnair Oyj ROCE % Chart

Finnair Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.46

-20.57

-16.68

-9.29

9.02

Finnair Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.31	11.99	15.63	7.94	-1.64

Finnair Oyj ROCE % Calculation

Finnair Oyj'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 )
	=	235.8	/	( ( (4133 - 1348.9)	+	(3698 - 1253.1) )	/ 2 )
	=	235.8	/	( (2784.1	+	2444.9)	/ 2 )
	=	235.8	/	2614.5
	=	9.02 %

Finnair Oyj's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-39.6	/	( ( (3698 - 1253.1)	+	(3815 - 1425.4) )	/ 2 )
	=	-39.6	/	( ( 2444.9	+	2389.6 )	/ 2 )
	=	-39.6	/	2417.25
	=	-1.64 %

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

Finnair Oyj (OHEL:FIA) 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.

Finnair Oyj ROCE % Related Terms

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Finnair Oyj (OHEL:FIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Finnair Oyj (OHEL:FIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FNNNF:USA 0EG8:UK FAI:Germany

Address

Tietotie 9 A Helsinki Airport, Vantaa, FIN, 01053

Website

https://company.finnair.com/en

Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. It is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.

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