Skymark Airlines (TSE:9204) ROCE % : 4.21% (As of Dec. 2023)

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What is Skymark Airlines 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. Skymark Airlines's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.21%.

Skymark Airlines ROCE % Historical Data

The historical data trend for Skymark Airlines'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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Skymark Airlines ROCE % Chart

Skymark Airlines Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar21

Mar22

Mar23

Mar24

ROCE %

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-32.58

-70.59

-38.80

7.46

15.80

Skymark Airlines Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.47	6.00	45.67	4.21	8.87

Skymark Airlines ROCE % Calculation

Skymark Airlines's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	7919	/	( ( (107837 - 61378)	+	(110790 - 57019) )	/ 2 )
	=	7919	/	( (46459	+	53771)	/ 2 )
	=	7919	/	50115
	=	15.80 %

Skymark Airlines'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 )
	=	2236	/	( ( (114802 - 59434)	+	(105925 - 54956) )	/ 2 )
	=	2236	/	( ( 55368	+	50969 )	/ 2 )
	=	2236	/	53168.5
	=	4.21 %

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

Skymark Airlines (TSE:9204) 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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Skymark Airlines (TSE:9204) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Skymark Airlines Inc (TSE:9204) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1-5-5 Haneda Airport, Ota-ku, Tokyo,, JPN, 144-00414

Website

http://www.skymark.jp

Skymark Airlines Inc is engaged in regular air transportation service business.

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