Qev NV (FRA:7IO) ROC % : -1.46% (As of Dec. 2022)

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What is Qev NV ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Qev NV's annualized return on capital (ROC %) for the quarter that ended in Dec. 2022 was -1.46%.

As of today (2024-06-09), Qev NV's WACC % is 0.00%. Qev NV's ROC % is 0.00% (calculated using TTM income statement data). Qev NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Qev NV ROC % Historical Data

The historical data trend for Qev NV's ROC % 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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Qev NV ROC % Chart

Qev NV Annual Data

Trend

Dec21

Dec22

ROC %

-0.43

-0.90

Qev NV Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22
ROC %	-	-0.07	-0.34	-1.46

Qev NV ROC % Calculation

Qev NV's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

	ROC % (A: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2021 )	+	Invested Capital (A: Dec. 2022 ))	/ count )
=	-1.606 * ( 1 - 0% )	/	( (179.938	+	178.223)	/ 2 )
=	-1.606	/	179.0805
=	-0.90 %

where

	Invested Capital		(A: Dec. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	185.247	-	1.905	-	( 6.82	-	max(0, 3.464	-	6.868	+	6.82	))
=	179.938

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	180.305	-	0.231	-	( 2.119	-	max(0, 0.281	-	2.132	+	2.119	))
=	178.223

Qev NV's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-2.604 * ( 1 - 0% )	/	( (178.206	+	178.223)	/ 2 )
=	-2.604	/	178.2145
=	-1.46 %

where

	Invested Capital		(Q: Jun. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	181.474	-	0.168	-	( 3.585	-	max(0, 0.542	-	3.642	+	3.585	))
=	178.206

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	180.305	-	0.231	-	( 2.119	-	max(0, 0.281	-	2.132	+	2.119	))
=	178.223

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

Qev NV (FRA:7IO) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Qev NV's WACC % is 0.00%. Qev NV's ROC % is 0.00% (calculated using TTM income statement data). Qev NV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Qev NV ROC % Related Terms

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Qev NV (FRA:7IO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qev NV (FRA:7IO) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

QEV:Netherlands

Address

Carrer del Rec Molinar, 11, Montmelo, Barcelona, ESP, 08160

Website

https://www.qevtech.com

Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.

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