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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. Virgin Orbit Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was -140.39%.
The historical data trend for Virgin Orbit 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.
Virgin Orbit Holdings Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
ROCE % | -93.95 | -84.13 | -88.03 | -94.17 |
Virgin Orbit Holdings Quarterly Data | |||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
ROCE % | Get a 7-Day Free Trial | -82.61 | -99.34 | -59.68 | -87.07 | -140.39 |
Virgin Orbit Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -189.821 | / | ( ( (331.74 - 47.958) | + | (240.804 - 121.422) ) | / 2 ) | |
= | -189.821 | / | ( (283.782 | + | 119.382) | / 2 ) | |
= | -189.821 | / | 201.582 | ||||
= | -94.17 % |
Virgin Orbit Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2022 ) | (Q: Sep. 2022 ) | (Q: Dec. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2022 ) | (Q: Sep. 2022 ) | (Q: Dec. 2022 ) | |||||
= | -203.632 | / | ( ( (242.978 - 72.258) | + | (240.804 - 121.422) ) | / 2 ) | |
= | -203.632 | / | ( ( 170.72 | + | 119.382 ) | / 2 ) | |
= | -203.632 | / | 145.051 | ||||
= | -140.39 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.
* 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.
Virgin Orbit Holdings (OTCPK:VORBQ) 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.
Thank you for viewing the detailed overview of Virgin Orbit Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jill Kathleen Frizzley | director | P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965 |
Alan Jeffrey Carr | director | 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342 |
Corvina Holdings Ltd | 10 percent owner | LA MOTTE CHAMBERS, ST HELIER X0 JE1 1BJ |
Virgin Group Holdings Ltd | 10 percent owner | LA MOTTE CHAMBERS, ST HELIER, JERSEY X0 JE1 1BJ |
Virgin Investments Ltd | 10 percent owner | LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ |
Sir Richard Branson | 10 percent owner | RICHARD'S HOUSE, THE VALLEY, VIRGIN GORDA, NECKER ISLAND D8 POBOX 1091 |
Katharina G. Mcfarland | director | 4803 STONECROFT BOULEVARD, CHANTILLY VA 20151 |
Mubadala Investment Co Pjsc | 10 percent owner | P.O. BOX 45005, ABU DHABI C0 00000 |
Mamoura Diversified Global Holding Pjsc | 10 percent owner | P. O. BOX 45005, ABU DHABI C0 UAE |
Fifteenth Investment Co Llc | 10 percent owner | C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808 |
Vieco 10 Ltd | 10 percent owner | CRAIGMUIR CHAMBERS, P.O. BOX 71, ROAD TOWN, TORTOLA D8 VG1110 |
Shadid Abdulla Mohamed Ismail Ibrahim | director | C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808 |
Daniel M Hart | director, officer: Chief Executive Officer | C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808 |
Derrick Osmond Boston | officer: Chief Legal Officer | C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808 |
Brita Eve O'rear | officer: Chief Financial Officer | C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808 |
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