United Airlines Holdings (United Airlines Holdings) ROCE % : 1.91% (As of Mar. 2024)

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What is United Airlines Holdings 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. United Airlines Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.91%.

United Airlines Holdings ROCE % Historical Data

The historical data trend for United Airlines Holdings'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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United Airlines Holdings ROCE % Chart

United Airlines Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.52

-18.53

-2.03

5.48

10.72

United Airlines Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.63	15.55	16.06	9.86	1.91

United Airlines Holdings ROCE % Calculation

United Airlines Holdings'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 )
	=	5161	/	( ( (67358 - 19992)	+	(71104 - 22203) )	/ 2 )
	=	5161	/	( (47366	+	48901)	/ 2 )
	=	5161	/	48133.5
	=	10.72 %

United Airlines Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	916	/	( ( (71104 - 22203)	+	(71902 - 24764) )	/ 2 )
	=	916	/	( ( 48901	+	47138 )	/ 2 )
	=	916	/	48019.5
	=	1.91 %

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

United Airlines Holdings (NAS:UAL) 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.

United Airlines Holdings ROCE % Related Terms

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United Airlines Holdings (United Airlines Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Airlines Holdings Inc (NAS:UAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UAL:Mexico 1UAL:Italy UAL1:Germany UAL1:Germany UAL1:Germany U1AL34:Brazil

Address

233 South Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.united.com

United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

Executives

Kennedy James A C	director	T ROWE PRICE GROUP INC, 100 E PRATT ST, BALTIMORE MD 21202
Michael D. Leskinen	officer: EVP & Chief Financial Officer	233 S. WACKER DRIVE, WHQLD, CHICAGO IL 60606
Gerald Laderman	officer: EVP and CFO	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Gregory L Hart	officer: EVP & Chief Growth Officer	233 SOUTH WACKER DRIVE, 11TH FLOOR HDQLD, CHICAGO IL 60606
Edward M Philip	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Carolyn Corvi	director	233 SOUTH WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Barney Harford	director	C/O ORBITZ WORLDWIDE, INC., 500 W. MADISON STREET, SUITE 1000, CHICAGO IL 60661
Michele J Hooper	director	C/O PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Edward Shapiro	director	275 GROVE STREET, NEWTON MA 02466
Chris Kenny	officer: Vice President & Controller	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Andrew P Nocella	officer: EVP & Chief Commercial Officer	233 S. WACKER DR. 11TH FL WHQLD, CHICAGO IL 60606
Torbjorn J Enqvist	officer: EVP & Chief Operations Officer	233 S. WACKER DRIVE, 11TH FL WHQLD, CHICAGO IL 60606
Linda P Jojo	officer: EVP & Chief Customer Officer	233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606
Kate Gebo	officer: EVP HR and Labor Relations	233 SOUTH WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606
Brett J Hart	officer: President	233 S. WACKER DRIVE, 11TH FL - WHQLD, CHICAGO IL 60606