International Consolidated Airlines Group (XMAD:IAG) ROCE % : 26.57% (As of Jun. 2023)

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What is International Consolidated Airlines 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. International Consolidated Airlines Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 26.57%.

International Consolidated Airlines Group ROCE % Historical Data

The historical data trend for International Consolidated Airlines 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.

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International Consolidated Airlines Group ROCE % Chart

International Consolidated Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.44

-34.47

-13.72

6.37

19.15

International Consolidated Airlines Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															21.95	8.92	2.70	26.57	-

International Consolidated Airlines Group ROCE % Calculation

International Consolidated Airlines 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 )
	=	4151	/	( ( (39303 - 16661)	+	(37680 - 16979) )	/ 2 )
	=	4151	/	( (22642	+	20701)	/ 2 )
	=	4151	/	21671.5
	=	19.15 %

International Consolidated Airlines Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	5796	/	( ( (0 - 0)	+	(42526 - 20715) )	/ 1 )
	=	5796	/	( ( 0	+	21811 )	/ 1 )
	=	5796	/	21811
	=	26.57 %

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

International Consolidated Airlines Group (XMAD:IAG) 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.

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International Consolidated Airlines Group (XMAD:IAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (XMAD:IAG) » Definitions » ROCE %

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Traded in Other Exchanges

ICAGY:USA BABWF:USA 1IAG:Italy IAGl:UK 0A2L:UK IAG:UK INR:Germany IAG:Austria

Address

El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042

Website

https://www.iairgroup.com

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The company carried 264 million passengers to its network of 185 destinations globally. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.