SOAR (Volato Group) ROCE % : 0.00% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Volato Group 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. Volato Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Volato Group ROCE % Historical Data

The historical data trend for Volato Group'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.

* Premium members only.

Volato Group ROCE % Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-18.32

-214.54

-409.25

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					-53.09	-613.69	-317.19	-4,202.08	-

Volato Group ROCE % Calculation

Volato Group'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 )
	=	-49.462	/	( ( (30.257 - 30.16)	+	(71.712 - 47.637) )	/ 2 )
	=	-49.462	/	( (0.097000000000001	+	24.075)	/ 2 )
	=	-49.462	/	12.086
	=	-409.25 %

Volato Group'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 )
	=	7.632	/	( ( (65.334 - 79.249)	+	(47.934 - 66.405) )	/ 2 )
	=	7.632	/	( ( -13.915	+	-18.471 )	/ 2 )
	=	7.632	/	-16.193
	=	0 %

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

Volato Group (AMEX:SOAR) 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.

Volato Group ROCE % Related Terms

Thank you for viewing the detailed overview of Volato Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Volato Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. It offers fractional ownership, aircraft management, jet cards, deposit, and charter programs. The company's fractional programs provides flexible hours and a revenue share for owners in a fleet of HondaJets, optimized for missions of up to four passengers.

Volato Group Headlines

From GuruFocus

Volato Group Inc (SOAR) Navigates Market Turbulence with Strategic Fleet Expansion Despite Revenue Dip

By GuruFocus Research • 03-26-2024