Nxu (NXU) ROCE % : -167.88% (As of Dec. 2023)

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What is Nxu 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. Nxu's annualized ROCE % for the quarter that ended in Dec. 2023 was -167.88%.

Nxu ROCE % Historical Data

The historical data trend for Nxu'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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Nxu ROCE % Chart

Nxu Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3,425.61

-2,135.18

-767.93

Nxu Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-2,632.84	-558.38	-584.64	-1,078.19	-167.88

Nxu ROCE % Calculation

Nxu'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 )
	=	-40.105	/	( ( (7.038 - 4.243)	+	(13.259 - 5.609) )	/ 2 )
	=	-40.105	/	( (2.795	+	7.65)	/ 2 )
	=	-40.105	/	5.2225
	=	-767.93 %

Nxu'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 )
	=	-8.824	/	( ( (8.192 - 5.33)	+	(13.259 - 5.609) )	/ 2 )
	=	-8.824	/	( ( 2.862	+	7.65 )	/ 2 )
	=	-8.824	/	5.256
	=	-167.88 %

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

Nxu (NAS:NXU) 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.

Nxu ROCE % Related Terms

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Nxu (NXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nxu Inc (NAS:NXU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1828 N Higley Road, Suite 116, Mesa, AZ, USA, 85205

Website

https://www.nxuenergy.com

Nxu Inc is engaged in Research & development, and manufacturing of Scalable battery packs. The company is making 15-minute charge times possible for the most demanding equipment and vehicle applications. It has Increased energy density, packaging efficiency, and superior thermodynamics making Qcells the solution to today's electrification problem. The company's Products include Qcell, Qube, and Qube Plus.

Executives

Gem Global Yield Llc Scs	10 percent owner	12C, RUE GUILLAUME J. KROLL, LUXEMBOURG N4 L-1882
Jessica Billingsley	director	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Britt E Ide	director	345 BOBWHITE COURT, SUITE 200, BOISE ID 83706
Caryn M. Nightengale	director	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Annie Pratt	director, 10 percent owner, officer: President	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Apoorv Dwivedi	officer: Chief Financial Officer	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Mark Hanchett	director, 10 percent owner, officer: Chief Executive Officer	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Kate Sieker	officer: VP of People	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Bourgeois Benoit Le	officer: VP of User Experience	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Charles David Apps	officer: VP of Operations	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205