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Virgin Orbit Holdings (Virgin Orbit Holdings) ROE % : -299.64% (As of Dec. 2022)


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What is Virgin Orbit Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Virgin Orbit Holdings's annualized net income for the quarter that ended in Dec. 2022 was $-206.61 Mil. Virgin Orbit Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $68.95 Mil. Therefore, Virgin Orbit Holdings's annualized ROE % for the quarter that ended in Dec. 2022 was -299.64%.

The historical rank and industry rank for Virgin Orbit Holdings's ROE % or its related term are showing as below:

VORBQ's ROE % is not ranked *
in the Aerospace & Defense industry.
Industry Median: 6.45
* Ranked among companies with meaningful ROE % only.

Virgin Orbit Holdings ROE % Historical Data

The historical data trend for Virgin Orbit Holdings's ROE % 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.

* Premium members only.

Virgin Orbit Holdings ROE % Chart

Virgin Orbit Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22
ROE %
- - -2,356.77 -146.26

Virgin Orbit Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -133.28 -136.35 -95.71 -163.45 -299.64

Competitive Comparison of Virgin Orbit Holdings's ROE %

For the Aerospace & Defense subindustry, Virgin Orbit Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virgin Orbit Holdings's ROE % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Virgin Orbit Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Virgin Orbit Holdings's ROE % falls into.



Virgin Orbit Holdings ROE % Calculation

Virgin Orbit Holdings's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=-191.158/( (212.97+48.42)/ 2 )
=-191.158/130.695
=-146.26 %

Virgin Orbit Holdings's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as

ROE %=Net Income (Q: Dec. 2022 )/( (Total Stockholders Equity (Q: Sep. 2022 )+Total Stockholders Equity (Q: Dec. 2022 ))/ count )
=-206.612/( (89.487+48.42)/ 2 )
=-206.612/68.9535
=-299.64 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2022) net income data. ROE % is displayed in the 30-year financial page.


Virgin Orbit Holdings  (OTCPK:VORBQ) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=-206.612/68.9535
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-206.612 / 0.332)*(0.332 / 241.891)*(241.891 / 68.9535)
=Net Margin %*Asset Turnover*Equity Multiplier
=-62232.53 %*0.0014*3.508
=ROA %*Equity Multiplier
=-87.13 %*3.508
=-299.64 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2022 )
=Net Income/Total Stockholders Equity
=-206.612/68.9535
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-206.612 / -206.584) * (-206.584 / -267.62) * (-267.62 / 0.332) * (0.332 / 241.891) * (241.891 / 68.9535)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.0001 * 0.7719 * -80608.43 % * 0.0014 * 3.508
=-299.64 %

Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Virgin Orbit Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Virgin Orbit Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Virgin Orbit Holdings (Virgin Orbit Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4022 East Conant Street, Long Beach, CA, USA, 90808
Virgin Orbit Holdings Inc is a vertically integrated space company that provides customers with dedicated small satellite launch capabilities. Its launches have delivered satellites to orbit for customers across commercial, civil, and national security and defense markets, both domestically and internationally.
Executives
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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