Copa (TSE:7689) ROCE % : -12.42% (As of May. 2024)

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What is Copa 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. Copa's annualized ROCE % for the quarter that ended in May. 2024 was -12.42%.

Copa ROCE % Historical Data

The historical data trend for Copa'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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Copa ROCE % Chart

Copa Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Feb23

ROCE %

46.90

65.45

73.67

43.14

-4.13

Copa Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															-11.42	-0.99	-196.37	-34.17	-12.42

Copa ROCE % Calculation

Copa's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Mar. 2021 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Mar. 2021 )		(A: Feb. 2023 )
	=	-115.861	/	( ( (3431.856 - 606.987)	+	(3364.476 - 581.193) )	/ 2 )
	=	-115.861	/	( (2824.869	+	2783.283)	/ 2 )
	=	-115.861	/	2804.076
	=	-4.13 %

Copa's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-182.784	/	( ( (1646.593 - 152.394)	+	(1769.132 - 320.282) )	/ 2 )
	=	-182.784	/	( ( 1494.199	+	1448.85 )	/ 2 )
	=	-182.784	/	1471.5245
	=	-12.42 %

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

Copa (TSE:7689) 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.

Copa ROCE % Related Terms

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Copa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Copa Corp Inc (TSE:7689) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-23-7 Ebisu Minami, Ebisu Park Hills 6th Floor, Shibuya-ku, Tokyo, JPN, 150-0022

Website

https://www.copa.co.jp

Copa Corp Inc is engaged in demonstration sales and wholesale of products, television mail order appearances, online mail order sales, demonstration sales of school courses and temporary staffing, and sales consulting and sales promotion.

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