US Airways Group (FRA:USG1) ROCE % : 21.21% (As of Sep. 2013)

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What is US Airways 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. US Airways Group's annualized ROCE % for the quarter that ended in Sep. 2013 was 21.21%.

US Airways Group ROCE % Historical Data

The historical data trend for US Airways 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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US Airways Group ROCE % Chart

US Airways Group Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-38.85

2.58

16.96

8.41

15.21

US Airways Group Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial															18.68	8.30	7.06	28.98	21.21

US Airways Group ROCE % Calculation

US Airways Group's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	652.272	/	( ( (6334.6 - 2401.6)	+	(7159.752 - 2516.886) )	/ 2 )
	=	652.272	/	( (3933	+	4642.866)	/ 2 )
	=	652.272	/	4287.933
	=	15.21 %

US Airways Group's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	1280.576	/	( ( (8791.284 - 3006.986)	+	(9025.368 - 2733.192) )	/ 2 )
	=	1280.576	/	( ( 5784.298	+	6292.176 )	/ 2 )
	=	1280.576	/	6038.237
	=	21.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

US Airways Group (FRA:USG1) 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.

US Airways Group ROCE % Related Terms

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US Airways Group (FRA:USG1) Business Description

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Website

http://www.usairways.com

US Airways Group Inc., a Delaware corporation, is a holding company formed in 1982. The Company's main business activity is the operation of a major network air carrier through its wholly owned subsidiaries US Airways, Piedmont Airlines, Inc., PSA Airlines, Inc., Material Services Company, Inc. and Airways Assurance Limited. MSC and AAL operate in support of its airline subsidiaries in areas such as the procurement of aviation fuel and insurance. The Company operates the airline in the United States as measured by domestic revenue passenger miles and available seat miles. It has hubs in Charlotte, Philadelphia and Phoenix and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. It offers scheduled passenger service on more than 3,000 flights daily to 198 communities in the United States, Canada, Mexico, Europe, the Middle East, the Caribbean, and Central and South America. It also has an established East Coast route network, including the US Airways Shuttle service. As of December 31, 2012, it operated 340 mainline jets and was supported by its regional airline subsidiaries and affiliates operating as US Airways Express under capacity purchase agreements, which operated 238 regional jets and 44 turboprops. Its prorate carriers operated four regional jets at December 31, 2012. The Company's main competitors include Southwest, JetBlue, Allegiant, Frontier, Virgin America and Spirit. The airline industry is also subject to increasingly stringent federal, state and local laws aimed at protecting the environment.

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