UTair Aviation JSC (MIC:UTAR) ROIC %: 3.91% (As of Jun. 2023)


MIC:UTAR UTair Aviation JSC MIC:UTAR
17 GF Score
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What is UTair Aviation JSC ROIC %?

UTair Aviation JSC MIC:UTAR -4.00% 17 ROIC % is 3.91% as of Jun. 2023. GuruFocus rates MIC:UTAR with a GF Score™ of 17/100.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. UTair Aviation JSC's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2023 was 3.91%.

As of today (2026-06-25), UTair Aviation JSC's WACC % is 0.00%. UTair Aviation JSC's ROIC % is 0.00% (calculated using TTM income statement data). UTair Aviation JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


UTair Aviation JSC  (MIC:UTAR) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, UTair Aviation JSC's WACC % is 0.00%. UTair Aviation JSC's ROIC % is 0.00% (calculated using TTM income statement data). UTair Aviation JSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


UTair Aviation JSC ROIC % Related Terms


UTair Aviation JSC ROIC % Historical Data

* Premium members only.

The historical data trend for UTair Aviation JSC's ROIC % 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.

UTair Aviation JSC ROIC % Chart

UTair Aviation JSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 0.00 2.80 0.00 2.30

UTair Aviation JSC Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Jun22 Jun23
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.00 6.12 1.14 5.46 3.91

MIC:UTAR vs DAL, LUV, UAL: ROIC % Comparison

For the Airlines subindustry, UTair Aviation JSC's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


UTair Aviation JSC ROIC % vs Transportation Industry

For the Transportation industry and Industrials sector, UTair Aviation JSC's ROIC % distribution charts can be found below:

* The bar in red indicates where UTair Aviation JSC's ROIC % falls into.


MIC:UTAR
17GF Score
UTair Aviation JSC MIC:UTAR
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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UTair Aviation JSC ROIC % Calculation

UTair Aviation JSC's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2020 is calculated as:

ROIC % (A: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2019 ) + Invested Capital (A: Dec. 2020 ))/ count )
=3670.694 * ( 1 - 14.75% )/( (144425.376 + 127861.439)/ 2 )
=3129.266635/136143.4075
=2.30 %

where

Invested Capital(A: Dec. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=76762.662 - 7635.684 - ( 1953.657 - max(0, 92457.455 - 17159.057+1953.657))
=144425.376

Invested Capital(A: Dec. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=86106.365 - 9778.892 - ( 12678.816 - max(0, 74290.25 - 22756.284+12678.816))
=127861.439

UTair Aviation JSC's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2023 is calculated as:

ROIC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2022 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=4541.466 * ( 1 - 14.31% )/( (0 + 99513.06)/ 1 )
=3891.5822154/99513.06
=3.91 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=104673.075 - 10022.479 - ( 9633.468 - max(0, 34784.136 - 29921.672+9633.468))
=99513.06

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 3.91% mean?
UTair Aviation JSC (MIC:UTAR) has a ROIC % of 3.91% as of Jun. 2023. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on UTair Aviation JSC and its competitors.
Is UTair Aviation JSC's ROIC % too high?
UTair Aviation JSC's current ROIC % is 3.91%. The Transportation industry median ROIC % is 4.69. UTair Aviation JSC's value of 3.91% is 16.6% below this industry median. Overall, UTair Aviation JSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does UTair Aviation JSC's ROIC % compare to DAL and LUV?
UTair Aviation JSC's ROIC % of 3.91% can be compared against companies in the Transportation industry. The industry median ROIC % is 4.69. UTair Aviation JSC's value of 3.91% is 16.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Transportation company?
The median ROIC % among Transportation companies is 4.69, based on 994 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. UTair Aviation JSC's current ROIC % of 3.91% is 16.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on UTair Aviation JSC and its competitors. For the Transportation industry, the median ROIC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UTair Aviation JSC's current ROIC % is 3.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UTair Aviation JSC stock overvalued right now?
UTair Aviation JSC (MIC:UTAR) has a current ROIC % of 3.91%. The current ROIC % is 3.91% and 16.6% below the Transportation industry median of 4.69. UTair Aviation JSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For UTair Aviation JSC (MIC:UTAR), the current ROIC % is 3.91% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

UTair Aviation JSC Business Description

Address Khanty-Mansiysk, Airport, Tyumenoblast, RUS, 628012
UTair Aviation JSC is engaged in the business of passenger and cargo transportation using airplane and helicopter services. It serves primarily Russian oil and gas companies and the United Nations Organisation (UN) outside Russia and offers services such as air transportation, catering, airport services, aircraft repairs, and aeronautical personnel training. UTair operates more than 400 aircraft and its operation is performed in Russia, CIS, and non-CIS countries.
17GF Score

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