AirAsia X Bhd (XKLS:5238) ROCE % : 10.46% (As of Dec. 2023)

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What is AirAsia X Bhd 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. AirAsia X Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.46%.

AirAsia X Bhd ROCE % Historical Data

The historical data trend for AirAsia X Bhd'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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AirAsia X Bhd ROCE % Chart

AirAsia X Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec23

ROCE %

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4.88

8.65

-8.42

0.12

10.29

AirAsia X Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															291.78	99.75	5.02	5.32	10.46

AirAsia X Bhd ROCE % Calculation

AirAsia X Bhd'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. 2019 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2019 )		(A: Dec. 2023 )
	=	456.374	/	( ( (9552.384 - 2581.64)	+	(3137.573 - 1241.671) )	/ 2 )
	=	456.374	/	( (6970.744	+	1895.902)	/ 2 )
	=	456.374	/	4433.323
	=	10.29 %

AirAsia X Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	216.272	/	( ( (3059.943 - 818.936)	+	(3137.573 - 1241.671) )	/ 2 )
	=	216.272	/	( ( 2241.007	+	1895.902 )	/ 2 )
	=	216.272	/	2068.4545
	=	10.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

AirAsia X Bhd (XKLS:5238) 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.

AirAsia X Bhd ROCE % Related Terms

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AirAsia X Bhd (XKLS:5238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AirAsia X Bhd (XKLS:5238) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

RedQ, Jalan Pekeliling 5, Lapangan Terbang Antarabangsa, KLIA, Kuala Lumpur, SGR, MYS, 64000

Website

http://www.airasiax.com

AirAsia X Bhd is a Malaysia-based long-haul airline company, engaged in providing long-haul air transportation services. It operates primarily in the Asia-Pacific region. The organization's reportable segments are classified as each company with an Air Operator Certificate held under the AirAsia brand, namely Malaysia, Thailand, and Indonesia. Thailand is the maximum revenue-generating segment for the company. It derives revenue through freight services, aircraft operating lease income, management fees, and through other ancillary activities. It also offers management logistical and marketing services and engine and aircraft leasing services.

AirAsia X Bhd (XKLS:5238) Headlines

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