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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. Rocket Lab USA's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.07%.
The historical data trend for Rocket Lab USA'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.
Rocket Lab USA Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
ROCE % | -39.41 | -19.93 | -15.81 | -23.05 |
Rocket Lab USA Quarterly Data | ||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -17.87 | -21.93 | -24.59 | -23.51 | -28.07 |
Rocket Lab USA'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 ) | |||||
= | -177.918 | / | ( ( (989.123 - 162.94) | + | (941.211 - 223.373) ) | / 2 ) | |
= | -177.918 | / | ( (826.183 | + | 717.838) | / 2 ) | |
= | -177.918 | / | 772.0105 | ||||
= | -23.05 % |
Rocket Lab USA'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 ) | |||||
= | -191.532 | / | ( ( (950.493 - 303.751) | + | (941.211 - 223.373) ) | / 2 ) | |
= | -191.532 | / | ( ( 646.742 | + | 717.838 ) | / 2 ) | |
= | -191.532 | / | 682.29 | ||||
= | -28.07 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.
Rocket Lab USA (NAS:RKLB) 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 Rocket Lab USA's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Adam C. Spice | officer: Chief Financial Officer | 2051 PALOMAR AIRPORT ROAD, SUITE 100, CARLSBAD CA 92011 |
Arjun Kampani | officer: See Remarks | C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742 |
Nina Armagno | director | C/O ROCKET LAB USA, INC., 3881 MCGOWEN ST, LONG BEACH CA 90808 |
Peter Beck | director, 10 percent owner, officer: President, CEO and Chairman | C/O ROCKET LAB USA, INC., 3881, LONG BEACH CA 90808 |
Michael D Griffin | director | 21700 ATLANTIC BLVD, ORBITAL SCIENCES CORP, DULLES VA 20166 |
Shaun O'donnell | officer: EVP - Global Operations | C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808 |
Edward H. Frank | director | C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121 |
Alexander R Slusky | director | 456 MONTGOMERY STREET, 19TH FLOOR, SAN FRANCISCO CA 94104 |
Khosla Ventures Seed B (cf), L.p. | 10 percent owner | 2128 SAND HILL ROAD, MENLO PARK CA 94025 |
Cowan David J/ca | director | 50 WOODSIDE PLAZA, SUITE 720, REDWOOD CITY CA 94061 |
Peek Street Equatorial Trustee Ltd | 10 percent owner | 123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051 |
Jon A Olson | director | 2100 LOGIC DRIVE, SAN JOSE CA 95124 |
Equatorial Trust | 10 percent owner | 123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051 |
Kerryn Beck | 10 percent owner | C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808 |
Warren Butler | 10 percent owner | C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808 |
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