Qantas Airways (ASX:QAN) Is Very Good At Capital Allocation [Yahoo! Finance]
QANTAS AIR LTD S/ADR NEW (QABSY)
NASDAQ:AMEX Investor Relations:
qantas.com/travel/airlines/investors/global/en
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Source: Yahoo! Finance
capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. And in light of that, the trends we're seeing at Qantas Airways' ASX:QAN ) look very promising so lets take a look. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Qantas Airways, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.25 = AU$2.2b ÷ (AU$21b - AU$12b) (Based on the trailing twelve months to June 2024) So, Qantas Airways has an ROCE of 25%. In absolute terms that's a great return and it's even better than the Airlines industry average of 8.5%. See our latest analysis for Qantas Airways Above you can see how the current ROC
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