Nikola (Nikola) ROCE % : -63.62% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Nikola 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. Nikola's annualized ROCE % for the quarter that ended in Dec. 2023 was -63.62%.

Nikola ROCE % Historical Data

The historical data trend for Nikola'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.

* Premium members only.

Nikola ROCE % Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-41.33

-60.66

-75.82

-84.19

-82.68

Nikola Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-71.20	-69.55	-55.38	-169.51	-63.62

Nikola ROCE % Calculation

Nikola's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-772.168	/	( ( (1236.658 - 383.59)	+	(1274.857 - 260.105) )	/ 2 )
	=	-772.168	/	( (853.068	+	1014.752)	/ 2 )
	=	-772.168	/	933.91
	=	-82.68 %

Nikola'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 )
	=	-594.772	/	( ( (1148.286 - 293.141)	+	(1274.857 - 260.105) )	/ 2 )
	=	-594.772	/	( ( 855.145	+	1014.752 )	/ 2 )
	=	-594.772	/	934.9485
	=	-63.62 %

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

Nikola (NAS:NKLA) 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.

Nikola ROCE % Related Terms

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

Nikola (Nikola) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (NAS:NKLA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NKLA:Mexico 1NKLA:Italy 0A3R:UK 8NI:Germany NKLA:Austria

Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Executives

Joseph S. Cappello	officer: President of Energy	13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick	officer: Chief Financial Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Carey Mendes	officer: President, Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller	officer: President, Nikola Motor Div.	4141 E BROADWAY ROAD, PHONEIX AZ 85040
Joseph R. Pike	officer: Chief Human Resources Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen	officer: Chief Legal Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell	director, 10 percent owner, officer: President and CEO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton	director, 10 percent owner, officer: Executive Chairman	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester	director	C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner	officer: President, Nikola Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich	director
Bruce L. Smith	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Jeffrey W Ubben	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129