Singapore Airlines (SGX:C6L) ROCE % : 7.96% (As of Sep. 2024)

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What is Singapore Airlines 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. Singapore Airlines's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.96%.

Singapore Airlines ROCE % Historical Data

The historical data trend for Singapore Airlines'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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Singapore Airlines ROCE % Chart

Singapore Airlines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.01

-17.22

-1.95

7.94

10.24

Singapore Airlines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															13.05	6.41	9.76	4.53	7.96

Singapore Airlines ROCE % Calculation

Singapore Airlines's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	3431.9	/	( ( (49101.2 - 13670.9)	+	(44264.7 - 12671.7) )	/ 2 )
	=	3431.9	/	( (35430.3	+	31593)	/ 2 )
	=	3431.9	/	33511.65
	=	10.24 %

Singapore Airlines's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2834	/	( ( (42882.5 - 0)	+	(40955.1 - 12588.4) )	/ 2 )
	=	2834	/	( ( 42882.5	+	28366.7 )	/ 2 )
	=	2834	/	35624.6
	=	7.96 %

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

Singapore Airlines (SGX:C6L) 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.

Singapore Airlines ROCE % Related Terms

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Singapore Airlines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Airlines Ltd (SGX:C6L) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SINGY:USA SINGF:USA SIA19:Thailand SIA1:Germany

Address

25 Airline Road, Airline House, Sinagapore, SGP, 819829

Website

https://www.singaporeair.com

Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

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